Sheffield Wednesday could have their Profit & Sustainability clock rest despite being hit with a 12 point sanction for the 2020/21 season, according to one prominent university lecturer.
Wednesday were issued with the punishment for breaking spending rules – despite selling their ground to the club’s owner Dejphon Chansiri for £60 million in an attempt to stay within the parameters.
The decision was made by an independent panel after the EFL brought charges against the Owls and the reasons behind it have yet to be divulged to the Championship side in written form.
But posting on Twitter on Monday, Kieran Maguire – often the go-to guy on matters relating to finance in football – said the sale of Hillsborough ‘should’ still be allowed to feature in Sheffield Wednesday’s accounts.
Explaining how the Owls’ verdict is likely to have been reached, Maguire wrote:
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And he added:
Sheffield Wednesday have spent much of the last two summer transfer windows under an embargo.
But if their P&S clock is reset, it is expected that the club can, at last, operate freely in the market.
The downside is, however, that their current predicament could still deter potential new recruits from signing.
Championship clubs are allowed to lose up to £39m across a three-year period, or risk facing sanctions.