The EFL have revealed that Sheffield Wednesday’s 12-point penalty has been halved following their appeal for breaching the profitability and sustainability rules.
Earlier this summer, Wednesday were found guilty of including profits from the sale of the Hillsborough Stadium in their financial statements for the period ending July 2018.
As a result, they were handed a penalty of 12 points, but unlike Wigan Athletic, who entered administration, the sanction did not become active until the start of the 2020/21 campaign.
Garry Monk’s side have now been partly successful with their appeal over the sanction with an Independent League Arbitration panel deciding to reduce the punishment from 12 points to six.
Wednesday started the current season in good fashion with eight points from their opening five games and that reduced their deficit to minus four points earlier last month.
However, their form has since been disappointing. They recently went on a four-match losing streak before they picked up a hard-fought 1-0 win over Bournemouth on Tuesday night.
That brought them to minus one point on the table and their total has now grown to five with the sanction being reduced. The decision should come as a boost for the players and manager as they look to climb up the standings.
Wednesday are currently bottom of the table with a three-point gap to safety. They are scheduled to host Millwall on Saturday before the international break begins.
Stats from Transfermarkt.com
