Sheffield Wednesday’s punishment for breaching profit and sustainability rules has been cut to a six-point deduction from a 12-point deduction on appeal, the Championship (second-tier) club said on Wednesday.
Wednesday was hit with the points deduction at the start of the 2020-21 season after being charged with misconduct by the Football League (EFL) in November 2019.
The club was found guilty of recording profits from the sale of its Hillsborough Stadium to its Thai owner Dejphon Chansiri in its 2017-18 accounts despite the ground being sold a year later, in a bid to avoid breaching spending rules.
“In August 2020 the club filed an appeal to a League Arbitration Panel against the decision of the EFL Disciplinary Commission to impose a sanction on the club of a deduction of 12 points in season 2020/21,” Wednesday said in a statement.
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