Sheffield Wednesday faced high court proceedings on Tuesday with regards to outstanding taxes owed to HMRC.
Whilst the court were satisfied that the original debt of £550,000 was being adequately dealt with, it came to light that - since the petition against the club was made - more debts to the tax man have accumulated resulting in a new deadline of 28 days being set for Wednesday to resolve this matter.
The news will come as a setback to Owls fans who were hoping that the matter had been dealt with after a payment plan for the £550,000 had been agreed and the related transfer embargo had been lifted.
A considerable sum of that original debt had been settled, funded in no small part by the sale of highly rated goalkeeper Lee Grant to Burnley.
Grant was named players’ player of the year at Hillsborough three seasons in succession and was clearly a key member of the squad, such was manager Alan Irvine’s disappointment at losing him.
Now, as more news breaks about Owls financial woes, there will be a fear amongst fans that other key personnel may follow Grant out of the Hillsborough exit door in order to cover the deficit.
It is possible that the money could be covered by forthcoming gate receipts, but that won’t stop clubs from trying to snatch a potential bargain before the summer transfer window closes.
Striker Marcus Tudgay is thought to have attracted interest at both Premier League and Championship level.
Despite what was a disappointing campaign in 2009/10 he showed what he is capable of by being named as the fans Championship player of the year the previous season and clearly has the potential to be an asset to the Owls this season if he can regain his form.
Tudgay is still a key member of the teams’ starting 11 and is obviously part on Alan Irvine’s plans.
Another that has attracted interest is Jermaine Johnson.
The Jamaican is one of the few members of the Wednesday squad with out and out pace and his consistency and end product has improved since Irvine took over at the beginning of the year.
Unfortunately since the new manager’s arrival Johnson has spent a lot of time on the sidelines and is currently injured again.
This time however his injury may come as something as a blessing as the fact he is unlikely to play again until October may deter potential suitors from making a firm bid at this stage.
Darren Purse is also rumoured to have been linked with other clubs recently and he is a player Wednesday can ill afford to lose right now.
After a shaky start to his Owls career last season, Purse has shown his worth under Irvine and his captaincy and experience has had a big influence on the team.
One thing’s for sure with Sheffield Wednesday - having already done some good business in terms of bringing players in over the summer - the transfer deadline can’t come soon enough.
*Disclaimer: The views in this article are that of the writer and may not replicate those of the Professional Footballers' Association.