'Good news for Owls fans and future owners'

Sheffield Wednesday fans hoping for greater clarity on their situation got it on Monday - and it's good news.

We now know, per an EFL statement, that Sheffield Wednesday will be deducted a further six points this season for multiple breaches of regulations. It's also been confirmed the EFL are not seeking any further points deductions in the future.

Next season, the Owls will begin on zero points. A huge sigh of relief no doubt for fans and the prospective new owners, whoever they may be.

It gets better though. Despite originally receiving information suggesting otherwise, we now understand the fee restriction that had originally been placed on the Owls through until the summer transfer window of 2027 will end in January 2026.

This is major news. It means the new owners can plot an immediate transfer plan next summer to recover the club from League One (an inevitability given they're now on -10 points and 27 from safety).

Further to this, we understand a bidder was shown around Hillsborough on Monday. We believe there are competing bidders for the club that are above the '25p in the pound' threshold that will prevent the club from facing any penalties once they exit administration.

This has been a tumultuous period for Sheffield Wednesday but all in all, the news will be welcomed by supporters. The new owners will get a clean slate to try to turn the fortunes of the club around.