Everything you need to know after the latest twist in the Sheffield Wednesday EFL charge saga

But after reports in the national media that the independent commission charge is set to take place in July, what do we need to know? Let’s take a look.

In a nutshell, what’s the charge?

The club are charged with misconduct. This charge centres solely on the circumstances around the sale of Hillsborough, which was included in the club’s 2017/18 accounts.

Hillsborough was sold to a separate company set up in the name of Wednesday owner for £60m and was leased back to the club. The sale allowed Wednesday to fall within the EFL’s Profit and Sustainability rules.

The issues lie in the valuation of the stadium and the nature of the sale.

But wasn’t Dejphon Chansiri cleared? Does that mean anything?

Sort of. The EFL dropped cases against Chansiri, finance director John Redgate and former chief executive Katrien Meire last month after an arbitration hearing, though the club charge remains.

In a statement confirming the news, Wednesday said the development showed the strength of their case. The Owls claim they have evidence that the EFL had ratified the sale of Hillsborough before it went through.

Does it mean Wednesday can still be deducted points?

Yes, the deduction of points is an outcome still very much on the table, though whether the dropping of charges against Chansiri, Redgate and Meire reduces the chances of being found guilty of what are described as ‘aggravating factors’ remains to be seen.

The Star understands anything like a reported maximum deduction of 21 points would be reliant on the finding of these aggravating factors.

So what now?

The club are yet to confirm any date for the hearing by an independent commission, though those national media reports claim it will be heard in July.

Any verdict may take some time and in terms of when the points would be deducted from the Owls in the event of a guilty finding - this season or next - time will tell.