MANCHESTER, England (AP) — Historic English soccer club Sheffield Wednesday’s future was thrown into doubt Friday after it was taken over by administrators amid financial troubles.

The English Football League confirmed that the club, which was founded in 1867, would be hit with a 12-point deduction as punishment.

Joint administrator Kris Wigfield said a new owner was being sought as quickly as possible.

The four-time English champion was an original member of the Premier League. It now plays in the second-tier Championship and is currently bottom of the 24-team league on minus 6 points after the deduction.

The latest move comes after a period of financial difficulty under the ownership of Thai businessman Dejphon Chansiri, which prompted protests from fans and sanctions from the league

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