Sheffield Wednesday are facing a second winding-up order from HM Revenue and Customs over an unpaid tax bill, reports BBC Sport. On 17 November the Owls are due to face a winding-up order over an unpaid PAYE tax bill of approaching £600,000.

Now it has emerged the Hillsborough club 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, Wednesday may be forced to enter administration.

Although such a move would automatically mean a deduction of 10 points, it would buy the club time to try and finalise a takeover.

Talks are believed to be ongoing with three separate parties.

Last week it was announced that a major financier had withdrawn his interest in taking over the club.