{"id":89043,"date":"2026-05-02T13:23:54","date_gmt":"2026-05-02T13:23:54","guid":{"rendered":"https:\/\/diyhaven858.wasmer.app\/index.php\/sheffield-wednesday-avoid-15-point-deduction-after-successful-takeover\/"},"modified":"2026-05-02T13:23:54","modified_gmt":"2026-05-02T13:23:54","slug":"sheffield-wednesday-avoid-15-point-deduction-after-successful-takeover","status":"publish","type":"post","link":"https:\/\/diyhaven858.wasmer.app\/index.php\/sheffield-wednesday-avoid-15-point-deduction-after-successful-takeover\/","title":{"rendered":"Sheffield Wednesday avoid 15-point deduction after successful takeover"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Sheffield Wednesday&#8217;s long takeover saga is finally over after U.S. consortium Arise Capital Partners completed its purchase of the club and a 15-point deduction has been avoided.<\/p>\n<p>The already-relegated Championship club announced the news on the pitch ahead of the last fixture of the campaign, at home to West Brom.<\/p>\n<p>David Storch, who led the consortium, was introduced to a rapturous welcome to officially bring a painful chapter to a conclusion after financial problems had impacted the Owls in recent years under old owner Dejphon Chansiri and looked set to roll into next season, but a 15-point deduction will no longer be issued.<\/p>\n<p><strong>&#8211; Championship final day LIVE: Wrexham look to secure playoff spot; Ipswich, Millwall seek promotion<\/strong><\/p>\n<p>&#8220;The Joint Administrators of Sheffield Wednesday Football Club Limited are pleased to confirm the successful completion of the sale of the club to Arise Capital Partners LLC, a consortium led by David Storch, alongside Michael Storch and Tom Costin,&#8221; a statement read.<\/p>\n<p>&#8220;The transaction has been completed following constructive engagement with key stakeholders, including the English Football League (EFL), and in accordance with all relevant regulatory requirements.<\/p>\n<p>&#8220;As part of this process, the EFL Board exercised its discretion, as provided by the Insolvency Policy, and concluded that it would not be appropriate to impose a 15-point deduction on the club following its exit from Administration.<\/p>\n<p>&#8220;As such, the club will begin the upcoming season on 0 points. A position has also been agreed on wage and transfer parameters that is both acceptable and supportive of the club&#8217;s forward progress.<\/p>\n<p>&#8220;The sale secures the long-term future of the club and marks the beginning of a new era for Sheffield Wednesday &#8212; one built on stability, responsibility, and renewed belief.&#8221;<\/p>\n<aside class=\"inline inline-photo full\">\n<figure><picture><source data-srcset=\"https:\/\/a.espncdn.com\/combiner\/i?img=%2Fphoto%2F2026%2F0502%2Fr1652226_1296x729_16%2D9.png&amp;w=570&amp;format=jpg, https:\/\/a.espncdn.com\/combiner\/i?img=%2Fphoto%2F2026%2F0502%2Fr1652226_1296x729_16%2D9.png&amp;w=1140&amp;cquality=40&amp;format=jpg 2x\" media=\"(min-width: 376px)\"><source data-srcset=\"https:\/\/a.espncdn.com\/combiner\/i?img=%2Fphoto%2F2026%2F0502%2Fr1652226_1296x729_16%2D9.png&amp;w=375, https:\/\/a.espncdn.com\/combiner\/i?img=%2Fphoto%2F2026%2F0502%2Fr1652226_1296x729_16%2D9.png&amp;w=750&amp;cquality=40&amp;format=jpg 2x\" media=\"(max-width: 375px)\"><img class=\" lazyload lazyload\" data-image-container=\".inline-photo\" height=\"320\" width=\"570\"\/><\/source><\/source><\/picture><figcaption class=\"photoCaption\"><cite>Sheffield Wednesday FC<\/cite><\/figcaption><\/figure>\n<\/aside>\n<p>Chansiri took over in 2014 and after two failed playoff bids to reach the Premier League, Wednesday were relegated to League One in 2021 and whilst a return to the second tier was achieved two years later, outstanding HMRC debts emerged.<\/p>\n<p>It was the start of a difficult period for Wednesday. A transfer embargo followed and player wages were not paid on time as Chansiri blamed cashflow problems before the club entered administration in October.<\/p>\n<p>Even though it officially ended Chansiri&#8217;s tenure as owner, the collapse of a preferred buyer in February after the earliest relegation in Football League history left Wednesday in a vulnerable financial position but Storch&#8217;s Arise group has finally completed its takeover.<\/p>\n<p>Storch said in a statement: &#8220;Ever since we attended the match against Norwich City at Hillsborough on 5 November and saw the excitement and enthusiasm from the fans, we&#8217;ve been hooked.<\/p>\n<p>&#8220;From the very beginning, this has been about more than an acquisition. It has been about responsibility &#8211; to the club, to its history and most importantly to its supporters. Sheffield Wednesday deserves stability, ambition and a clear direction. That is what we are here to deliver.<\/p>\n<p>&#8220;We know trust must be earned. We are humbled by the opportunity, we take this seriously as stewards of this incredible club &#8211; we will approach this with humility, transparency and a long-term commitment to doing things the right way.<\/p>\n<p>&#8220;Today, this club is reborn &#8212; and we look forward with determination to the work that lies ahead.&#8221;<\/p>\n<p><inline1><\/p>\n<p>Joint Administrator Kris Wigfield added: &#8220;In getting to know David over the course of this transaction, I am assured the club has gained a custodian befitting its stature and tradition.<\/p>\n<p>&#8220;To the supporters, staff and players &#8212; thank you. Your resilience and loyalty have carried the club through this period. You have never wavered.&#8221;<\/p>\n<p>An EFL statement read: &#8220;The EFL welcomes confirmation from the Administrators of Sheffield Wednesday Football Club, BTG, that they have formally concluded an agreement with Arise Capital Partners LLC, a consortium led by David Storch, alongside Michael Storch and Tom Costin, to the transfer of assets of the club and place Sheffield Wednesday under new ownership.<\/p>\n<p>&#8220;Consequently, the EFL can now confirm that the club, under its new ownership, has met the relevant League requirements and is therefore no longer regarded as in Administration.&#8221;<\/p>\n<p><\/inline1><\/div>\n<p><br \/>\n<br \/><a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sheffield Wednesday&#8217;s long takeover saga is finally over after U.S. consortium Arise Capital Partners completed its purchase of the club and a 15-point deduction has been avoided. The already-relegated Championship club announced the news on the pitch ahead of the last fixture of the campaign, at home to West Brom. David Storch, who led the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":89044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[13],"tags":[],"class_list":["post-89043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-football-transfers"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/diyhaven858.wasmer.app\/wp-content\/uploads\/2026\/05\/r1652226_1296x729_16-9.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/89043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/comments?post=89043"}],"version-history":[{"count":0,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/89043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media\/89044"}],"wp:attachment":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media?parent=89043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/categories?post=89043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/tags?post=89043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}