Sheffield Wednesday have been charged by the EFL for a breach of rules, specifically relating to the club's financial submission for the period ending July 2018.
Wednesday currently sit eighth in the Championship and have a recent history of EFL sanctions, having previously been placed under a transfer embargo between April 2018 and August 2018.
The latest charge sees the Owls facing sanctions for the inclusion of the sale of their stadium in the profits of their 2017/18 accounts. The EFL have stated that the club broke profitability and sustainability rules - previously known as Financial Fair Play - during this time.
In an official statement the governing body of England's lower leagues said: "Earlier this year the EFL launched an investigation into the Club’s financial submission for the period ending July 2018 under the relevant P&S Rules following the completion of the sale of Hillsborough Stadium.
"The EFL has reviewed a large number of documents obtained from the Club as part of this process and concluded there is sufficient evidence to justify issuing charges of Misconduct.
"The charges are in respect of a number of allegations regarding the process of how and when the stadium was sold and the inclusion of the profits in the 2017/18 accounts."
Because of the infringements, Wednesday could face a number of sanctions set out in EFL Regulation 92.2.
These range from a formal warning, to a points deduction, all the way up to be expelled from the league.
In a press release issued on the club website, Wednesday vehemently denied the charges.
"Sheffield Wednesday note the statement issued today by the EFL and the charges contained within," the statement said.
"These charges will be vigorously defended and the Club will be making no further comment at this time."
The club may also be in line for further sanctions in the future as the EFL continues to review the club's 2018/19 profitability and sustainability submissions.