Sheffield Wednesday is once again facing financial turmoil as the club has entered administration. Players and staff may go unpaid this month as administrators scramble to secure funds to cover salaries. Despite the end of Dejphon Chansiri's decade-long tenure, the club's troubles are far from over.

Following the club's declaration of insolvency, fans showed their support during the match against Oxford United, with attendance up by 22 percent compared to the previous home game. Administrators have urged supporters and businesses with contracts with the club to continue providing financial backing to ensure the club's operations can continue.

The Professional Footballers' Association is working closely with Wednesday's players to offer support and advice. According to the English Football League (EFL) rules, player contracts must be honored even though the club is in administration.

Team captain Barry Bannan expressed relief at the administration process, stating it represents a new beginning for the club. Meanwhile, there is hope for a swift sale of the club, with several serious candidates already in the running to become new owners.

Sheffield Wednesday has endured a challenging three months filled with financial and organizational issues, including delayed wages and EFL sanctions. A new disciplinary hearing is expected, which could result in further penalties.

Analysis: While entering administration might seem like a setback, it also offers an opportunity for the club to reset and stabilize. However, it is crucial that new owners are carefully selected to ensure a sustainable future for Sheffield Wednesday.