Historic football side Sheffield Wednesday have filed for administration.
The club have been charged on multiple occasions already after failing to pay staff wages on time.
The notice was filed at 10.01am on Friday at a specialist companies court, after reports of an "imminent" winding-up petition over unpaid tax debt.
The former Premier League side now a face heavy points sanction. When Derby County filed for administration back in 2021, the EFL imposed a 12-point deduction.
The club currently sits at the bottom of the Championship, the second tier of English football, after winning just one of their opening 11 fixtures.
A small glimmer of hope for Wednesday fans may come through the ownership. Today's announcement may force through the sale that frustrated supporters have been demanding.
Protests have been held against current owner Dejphon Chansiri, with fans boycotting cup matches against Leeds and Grimsby against the current owner.
Attendance figures were not even announced during their Championship fixture against Wednesday on Wednesday.
Last month, in the 10th minute of their Championship fixture against Coventry, dozens of Owls supporters broke through security and onto the pitch, forcing the game to be halted.
They're currently under five different EFL embargoes after failing to pay their players on time in five of the past seven months.
Wednesday were first charged by the EFL in June, after late payments to staff March and May. Following this, they were slapped with an three-window transfer embargo, restricting them from buying players.
Star player Josh Windass and boss Danny Röhl, who joined Rangers this week, left the club as a result.
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The financial troubles caused the EFL to release a statement condemning the treatment of the historic side, demanding Chansiri make funds available or sell the club.
"We are clear that the current owner needs either to fund the club to meet its obligations or make good on his commitment to sell to a well-funded party, for fair market value - ending the current uncertainty and impasse," the statement read.
It has been said that American businessman John Textor, who previously held a stake in Crystal Palace, has expressed an interest in the club, though talks haven't progressed.
However, some believe Chansiri may be demanding an unrealistic price for a club he bought for about £40million in 2015.
Known as The Owls, they are one of the oldest surviving clubs in world football, with more than 150 years of history.
They play their home matches at Hillsborough Stadium in Sheffield.
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