Textor’s Eagle Football Holdings has previous in taking on clubs in financial difficulty, such as Botafogo and Lyon, and does have a large number of footballers within the group.

The historic South Yorkshire outfit’s status in the second-tier would also appear to be under serious threat. Thanks to the efforts of new manager Henrik Pederson and his young squad, they are only a point from climbing out of the relegation zone. However, a points deduction would appear to be a formality following Chansiri’s latest inability to meet the payroll.

Wednesday have now been late with wages five times in the last seven months. Under EFL rules each breach could technically trigger a three-point penalty – but such a hefty punishment is thought to be unlikely given precedents.

In 2023, Wigan Athletic were deducted eight points for failing to pay wages on time, with four of those the enforcement of a suspended penalty, while Reading were stripped of three points in the same year.

Daily Mail Sport understands that officials will seek to apply the rules but will no doubt be wary of Wednesday’s desperate situation as a buyer is sought.

Players have not been paid at Hillsborough while staff have been handed just £1,000 each for their month’s work.

Wednesday have been the subject of several EFL sanctions which include a long-term transfer ban and a series of embargoes. Debts are owed to other clubs and HMRC.

Such is the complex nature of the matter that, coupled with issues remaining ongoing, the case against the club may not be heard before Christmas.

The matter is slightly complicated by a switch in the EFL’s disciplinary process by the EFL over the summer.

Some of Wednesday’s charges came under the previous regime, where the EFL directly issued a charge, while the more recent alleged breaches fall under the jurisdiction of the Club Financial Reporting Unit.

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