Concerns are rising within the EFL regarding the club's ability to fulfill its opening fixture against Leicester on August 10, 2025, due to the ongoing financial turmoil.

Critics have emphasized the need for an Independent Regulator in football, citing Chansiri's management as a significant factor in the club's decline and the departure of key players.

Henrik Pedersen was appointed as the new head coach of Sheffield Wednesday on July 31, 2025, following the departure of Danny Rohl, who left by mutual consent just two weeks before the season began.

The club's situation has deteriorated further as the city council issued a prohibition notice, preventing them from hosting fans in the North Stand of Hillsborough due to safety concerns.

Amidst ongoing financial struggles, Sheffield Wednesday players boycotted a friendly match against Burnley due to delayed wage payments, marking the fourth instance of late salaries in five months.

Concerns about unpaid wages have led some players to consider terminating their contracts, with notable departures including Josh Windass and Michael Smith earlier in July.

Sheffield Wednesday is currently under an EFL embargo for unpaid transfer fees and has faced multiple financial issues, including a 12-point deduction in the 2020-21 season for breaching financial regulations.

New manager Pedersen acknowledged the club's dire situation, stating they are in 'rough waters' with registration restrictions and a depleted squad after key players were sold or had their contracts terminated.

This summer, the club sold players Djeidi Gassama to Rangers and Anthony Musaba to Samsunspor, while also mutually terminating contracts with Windass and Smith to facilitate their transfers.

Owner Dejphon Chansiri, who purchased the club in January 2015, is reportedly looking to sell amidst financial pressures, having rejected a £40 million bid from a consortium.

Despite Chansiri's willingness to sell, negotiations with other potential buyers are currently stalled, raising concerns among fans and local politicians about his management.

With less than two weeks until their Championship season opener against Leicester City, the club remains under multiple embargoes, preventing them from signing players outside of free agents.