‘Most Bittersweet Day’: Owls Fans React as Administration Wipes Out Owner but Adds 12-Point Hit

Sheffield Wednesday fans are calling it “one of the most bittersweet days” in their history. The club has entered administration, a move that finally ousts unpopular owner Dejphon Chansiri but comes at the crippling cost of a 12-point deduction. The Owls now sit rock bottom of the Championship with -6 points.
The relief at Chansiri’s departure is palpable. The Supporters Trust blamed his “financial mismanagement” and “lack of accountability” for the club’s collapse. The crisis includes an estimated $pounds{}$1 million tax debt and a failure to pay players and staff on time in five of the last seven months, which led to key players leaving in the summer.
The 12-point penalty makes relegation almost inevitable, as the club is now 15 points from safety. However, manager Henrik Pedersen refused to give up, stating he has “a big belief we can survive” and that the club “deserves to grow.” He called the administration a necessary “fresh restart” for the “fantastic club.”
Administrators from Begbies Traynor are now in charge. They have taken control of both the club and the company that owns Hillsborough stadium, allowing them to be sold together. Joint-administrator Kris Wigfield stated their goal is to find a new owner “as swiftly as possible” while protecting creditors.
With Chansiri gone, the supporters’ trust is calling on fans to end their matchday and retail boycotts. “The phase of resistance has achieved its goal – now begins the phase of renewal,” the trust said, urging fans to return for Saturday’s match against Oxford to provide much-needed income.