Sheffield Wednesday FC are still waiting on approval from the English Football League to complete David Storch’s proposed takeover.
Storch, fronting investment group Arise Capital, was recently named preferred bidder by administrators Begbies Traynor. Talks with the EFL last week are understood to have been positive, with league officials reportedly encouraged by the group’s financial plans, budgets, and long-term strategy.
Despite that progress, a major obstacle still looms. The threat of a 15-point deduction remains unresolved and hinges on former owner Dejphon Chansiri, who is owed around £15 million. Should he choose to waive that debt, the club could avoid the penalty—but there is no guarantee he will do so.
The Owls have been in administration since October, and after the collapse of James Bord’s earlier takeover attempt in February, fans have been left anxiously waiting for clarity. Relegated from the Championship, the club are now preparing for life in League One, but uncertainty off the pitch continues to cast a shadow.
Following recent discussions with the EFL, Storch moved to reassure supporters, insisting progress is being made. He suggested a key hurdle has already been cleared, bringing Arise Capital a step closer to completing the deal and taking control at Hillsborough.
However, until the EFL gives final approval—and the issue surrounding Chansiri’s debt is resolved—the future of Sheffield Wednesday remains hanging in the balance.
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