Published by Global Banking & Finance Review®
Posted on February 22, 2026
2 min readLast updated: February 22, 2026
A 2-1 loss to Sheffield United confirmed Sheffield Wednesday’s relegation from the Championship. Hit by an 18-point deduction and administration, they set an EFL record with a February drop.
SHEFFIELD, England, Feb 22 (Reuters) - Sheffield Wednesday, who were docked 18 points for financial breaches, became the first team in English Football League history to be relegated as early as February after Sunday's 2-1 loss at Sheffield United ensured their drop from the Championship.
Winless since September and on an 11-match losing streak in all competitions, Wednesday have minus seven points and sit 41 points below 21st-placed West Bromwich Albion, who are the lowest-ranked club above the relegation zone.
With only 13 matches left in the season, Wednesday can no longer escape falling into the third-tier League One.
Wednesday went 2-0 down in the first half of the Sheffield city derby and tried to fight back against 10-man United with Charlie McNeill pulling a goal back in the 53rd minute.
The 158-year-old football club went into administration in October and are up for sale.
(Reporting by Chiranjit Ojha in Bengaluru; Editing by Andrew Cawthorne)
Sheffield Wednesday’s relegation from the Championship was confirmed after a 2-1 derby defeat, setting an EFL record for the earliest relegation in February.
A severe 18-point deduction for financial breaches, poor form, and ongoing administration left them mathematically unable to survive by February.
Sheffield Wednesday lost 2-1 to city rivals Sheffield United, confirming their drop to League One.
Relegation, combined with administration and a points penalty, pressures cash flow, valuation, and ownership, increasing urgency around a potential sale and restructuring.
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