Sheffield Wednesday are facing a second winding-up order from HM Revenue and Customs over an unpaid tax bill.

On November 17 the cash-strapped npower League One outfit are due to face a winding-up order over an unpaid PAYE tax bill of approaching £600,000.

Now it has emerged the Owls must deal with a similar order over an unpaid VAT bill of £300,000, due to be heard on 1 December. If talks with potential new investors do not result in a takeover, the club may be forced to enter administration, although talks are believed to be ongoing with three separate parties.

Chairman Howard Wilkinson told the club's official website earlier this week: "As we speak there are a number of potential investors who are in advanced negotiations with the bank and the club. We are all very mindful of the upcoming HMRC case, and in many ways this acts as a line in the sand for all parties."

He added: "What will ultimately happen I do not want to speculate, apart from to reaffirm there are now serious options open to us and the bank."

Copyright (c) PA Sport 2009, All Rights Reserved.

Topics:
Sheffield Wednesday
Football
League One