Sheffield Wednesday are now on minus six points after their 12-point deduction for going into administration

Sheffield Wednesday manager Henrik Pedersen wants "a new Wednesday with an old heart" as fan groups discuss the potential of a supporter-led ownership of the stricken Championship club.

The Yorkshire club was placed into administration on Friday and handed an automatic 12-point deduction by the EFL, leaving them bottom of the second tier on minus six points.

It does, though, effectively end the reign of deeply unpopular owner Dejphon Chansiri, with administrators Begbies Traynor now tasked with finding new owners for the club.

BBC Sheffield report there are interested buyers and administrators are already in active discussions with interested investors.