Sheffield Wednesday files for bankruptcy: the club is accused of debts amounting to millions.

Financial difficulties of Sheffield Wednesday

According to The Sun: Sheffield Wednesday has submitted bankruptcy papers. The Championship team is facing increasing financial problems. Currently, the 'Owls' owe £1 million to HMRC for unpaid taxes.

Last week, they received a liquidation claim due to debts. Today, a meeting was held with staff to discuss the appointment of an administrator.

The 'Owls' owe £1 million to HMRC for unpaid taxes.

This situation threatens the continued existence of a club with a long-standing history in English football. If the financial problems are not resolved, it could have serious consequences for both the players and the team's supporters.