Sheffield Wednesday have released a statement denying financial charges over the sale of Hillsborough Stadium.
The Owls were responding to charges of financial misconduct brought by the English Football League regarding the sale of Hillsborough Stadium.
The Club sold its stadium to owner Dejphon Chansiri for £60m, helping to turn a £2.5m profit for 2017/18.
Sheffield Wednesday have denied any wrongdoing, claiming the charges are unlawful and have announced a counter-claim.
The statement said: “The Club maintains that it consulted with the relevant executive officers of the EFL in connection with the stadium transaction and that it acted in good faith/”
The club has in its possession numerous emails, letters and other documents in which the EFL gave authorisation to the transaction, and on which the Club understood it could rely.”
These charges date back to an investigation launched by the EFL into Wednesday’s financial profitability and sustainability submission for the 2017/18 season, relating to when and how the stadium was sold.
In November, the EFL announced it had sufficient evidence to justify the charge, whilst continuing its review into the Owls’ 2018/19 P&S submissions.
Sheffield Wednesday’s response yesterday said: “The Club is accordingly bringing its own claim against the EFL to establish that it is acting unlawfully, as well as standing ready, if necessary, to vigorously defend the charges.
The charges will be heard by an independent Disciplinary Commission and if proven can impose any of the sanctions outlined in EFL regulation 92.2.
This could mean anything from a fine and reprimand, to a transfer ban, points deduction or even expulsion from the football league.
Addressing the possibility of a points deduction in a press conference earlier today Manager Gary Monk said: “Those things are out of our hands, we’re not in control of any of that.
“What we can control is what our ambition is anyway and that’s to fight for as many points as we can and that’s what we’ll be doing.”
Sheffield Wednesday face Brentford at Hillsborough on Saturday.