Date: 7th September 2010 at 11:43am
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The dark financial days at Hillsborough got that bit darker today with a fresh threat of administration – and it could happen in the next 24 hours.

Wednesday were due in the High Court today as they faced up to a winding-up petition over an unpaid tax bill to HMRC, which started at £550,000.

But the bill is reported to have risen to £1.1 million, meaning the Owls would have to borrow more money from their creditors, the Co-operative Bank, if they were to avoid administration.

BBC Radio Sheffield has today reported that talks between the club and the bank are on-going.

The relationship between the two has been a refreshingly good one in footballing terms, but this latest bill could test the Co-op Bank to the limit.

It means if the Owls don’t caugh up the cash in the next 24 hours they could go into administration and be slapped with a ten point deduction.

More, no doubt, to follow throughout the day.