Sheffield Wednesday will be deducted 12 points for the 2020-21 Championship season after being found guilty of breaching financial rules.
An independent disciplinary commission, appointed under English Football League regulations, deemed Wednesday should not have included profits from the sale of Hillsborough stadium in statements for the period ending July 2018.
The South Yorkshire club said it is “extremely disappointed” with the verdict but welcomed the decision not to impose the penalty this season, which would have resulted in relegation to League One.
“An independent disciplinary commission, appointed under EFL regulations, has ruled that Sheffield Wednesday will receive a 12 point deduction for breaching the league’s profitability and sustainability rules for the three season reporting period ending with season 2017-18,” read an EFL statement. “The sporting sanction will take effect in season 2020-21.”
Wednesday were found not guilty of breaching its duty of utmost good faith to the EFL by deliberately concealing information.