League one side Sheffield could be forced into Administration in the next 24 hours unless they pay a tax of £ 1. 1 m. Sources close to the Club confirmed to BBC Radio Sheffield that last-minute talks continue with your bank.
However there are real fears that fresh money will not be available to pay off the debt.
Two months ago in South Yorkshire Club faced a settlement order on an unpaid tax bill of $ 550000.
On that occasion that an agreement was reached and the case stopped.
Now Sheffield Wednesday are properly before the Tribunal de grande instance in London on Wednesday with the amount owed to HM Revenue & Customs having risen to £ 1.1 m.
So far the bankers Club, the co-op, have refused to release any extra money to meet the new debt.
Championship leaders could be deducted 10 points if entering administration.
It can also have an impact on the Club's ambitions to host matches of the FIFA World Cup in 2018 England should win his candidacy for the tournament.
Wednesday was downgraded from championship last season and the Club estimates that it has already lost them more than 20% of income last year.
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