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Wednesday informed the EFL on Wednesday that the charges were "unlawful" and have threatened to take legal action.
The Sky Bet Championship club have denied all allegations put forward by the EFL after it opened an investigation into the Owls' profitability and sustainability submission for 2017-18.
The club has been reported to have registered a £38million profit from the sale of the stadium to a company owned by their chairman Dejphon Chansiri in the wrong year in order to avoid breaching financial fair play rules.
The EFL had said previously the charges would be considered by an independent disciplinary commission with sanctions possibly including a severe points deduction.
An EFL spokesman said: "As a result of the disciplinary proceedings announced last month, it would clearly be inappropriate to provide specific comment on matters linked to our comprehensive investigation other than to reiterate that, following the review of a large number of documents provided by the club – some of those seen for the first time – evidence came to light to justify multiple charges of misconduct."
The Owls said in a statement on Wednesday that they had informed the EFL that the charges were "unlawful" and had documents to support their claim.
"The club has reserved all of its rights against the EFL and will take all such actions as are necessary to protect its rights and integrity, and those of its current and former officers, including in relation to inaccurate reporting.
"The club has also notified the EFL that it stands ready to bring a claim against the EFL to obtain compensation for its conduct.
"The club maintains that it consulted with the relevant executive officers of the EFL in connection with the stadium transaction and that it acted in good faith.
"The club has in its possession numerous emails, letters and other documents in which the EFL gave authorisation to the transaction, and on which authorisation the club understood it could rely.
"That authorisation gave rise in law to a legitimate expectation that the transaction would be accepted by the EFL, which is binding on the EFL.
"The EFL is acting in breach of that binding legitimate expectation by retrospectively treating as misconduct that which it had itself previously authorised, and this makes the charges themselves unlawful.
"The club is accordingly bringing its own claim against the EFL to establish that it is acting unlawfully, as well as standing ready, if necessary, to vigorously defend the charges."
Following such a dismal second campaign in the top flight last season, it is no surprise to see Huddersfield in a state of free fall in the Championship.
Despite all the excellent work done by David Wagner to take Huddersfield into the Premier League, an overall lack of foresight has culminated in things going wrong quite quickly.
With players such as Aaron Mooy, Jonas Lossl, Laurent Depoitre, Rajiv van La Parra, Erik Durm and Philip Billing all leaving over the summer, Huddersfield's essential core has vanished, leaving in its place a less stable set of options.
For a while, though, it looked as if Huddersfield could challenge for a return to the Premier League after manager Danny Cowley, appointed in September, went eight games without a defeat, only for results to very rapidly deteriorate.
Such a wild oscillation between two extremes highlights how Huddersfield, following its venture into the top division, now needs a new base from which to build a new crop of players.
At Leeds, on the other hand, not much has changed from last season, with Bielsa's men two points behind leaders West Bromwich Albion after 16 games.
Under the tutelage of the meticulous Bielsa, it seemed inevitable that the fluid, punctilious football on display would guide Leeds to the Premier League for the first time in over a decade last season.
Somehow, though, the Yorkshire club blew their lines when the decisive part of the 2018-19 campaign approached, missing out on an automatic promotion spot and then missing out through the playoffs following defeat to Derby County.
Once again, Bielsa's men are the pacesetters this season along with West Brom, winning their last five games in a row and continuing to produce a dynamic brand of football that looks somewhat out of step with Championship convention.
While they will be expected to stroll past Huddersfield this weekend, the real challenge for Leeds comes through whether they can maintain this level right up until May.
Recent Huddersfield Town form: WWLDDL
Recent Leeds United form: DWWWWW
Leeds have no injury concerns ahead of this game, although Kalvin Phillips will miss out through suspension having picked up a certain number of yellow cards in recent weeks.
Huddersfield Town possible starting lineup:
Grabara; Hadergjonaj, Schindler, Kongolo, O'Brien; Kachunga, Stankovic, Hogg, Ahearne-Grant; Bacuna, Koroma
Leeds United possible starting lineup:
Castilla; Ayling, White, Cooper; Dallas, Berardi, Klich; Costa, Hernandez, Harrison; Bamford
Huddersfield feel like a team in a state of deep uncertainty, meaning that predicting what performance they will produce is difficult.
Leeds, on the other hand, are motoring forward under Bielsa, and should be able to comfortably claim all three points if they play with their usual cut and thrust this weekend.
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