Championship side Sheffield Wednesday have filed for administration, according to a court filing seen by the Reuters news agency.
The club currently sit bottom of the Championship, the second tier of English football, with just six points after 11 games.
Known as The Owls, they are one of the oldest surviving clubs in world football, with more than 150 years of history.
The club, who host Oxford United on Saturday, have been in turmoil for a number of months.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the latest version.
You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.
