The English Football League have ruled that Sheffield Wednesday will start the 2020/21 season on -12 points after being found guilty of breaching Profit and Sustainability regulations.
The club were first charged back in November 2019 after being accused of including the sale of their Hillsborough stadium in their 2017/18 accounts, despite the fact that the ground was actually sold a year later.
A full hearing was held in June, and the EFL have now confirmed on their official website that Wednesday have been found guilty of misrepresenting their finances, although they were cleared of an additional charge of concealing information during the investigation.
The EFL have hit Wednesday with a 12-point deduction for the beginning of the 2020/21 campaign, but the club released a statement revealing they do not agree with the ruling.
"The club is extremely disappointed that the commission has imposed a 12-point deduction to be applied next season and awaits the written reasons for this decision," the statement read. "The club will await the written reasons for the sanction and upon receipt will digest and consider the full detail with its legal advisers before making any further comment."
However, the Owls are not the only club to be disappointed. Charlton Athletic released their own statement questioning why the points deduction has been saved for next season instead of the current campaign.
Charlton finished 22nd in the Championship and were relegated with a points total of 48, but Wednesday would have dropped below them if their sanction had been given this season, meaning the Addicks would have survived.
"The club is considering a legal challenge following the news that Sheffield Wednesday will receive a sporting sanction that will take effect in the 2020/21 season," the statement read.
"Sheffield Wednesday were charged in November 2019 for breaching the EFL’s Profitability and Sustainability Rules for the three-season reporting period ending with Season 2017/18.
"We fail to understand why the deduction will take place next season rather than the current season, which seems to be irrational, and are writing to the EFL to get an explanation of the justification. The club will keep fans updated on any further action."