Arabic version: تغيير ملكية شيفيلد وينزداي مع استحواذ كونسورتيوم ستورتش

Sheffield Wednesday has officially announced the acquisition of the club by US consortium Arise Capital Partners, ending the ownership of Dejphon Chansiri. The takeover, led by 73-year-old David Storch, marks a significant shift for the club, which had been in administration since 24 October 2022.

According to BBC News, the English Football League (EFL) confirmed the completion of the deal and stated that it would not impose a 15-point deduction on Sheffield Wednesday following its exit from administration. This decision was influenced by the previous owner’s lack of response to multiple offers for the club, which the EFL took into account.

Under the new ownership, Sheffield Wednesday will operate under budget restrictions for the next two seasons, as part of the conditions for continuing membership in the EFL. However, the club will still be allowed to sign new players, which could help them rebuild following a difficult period.

The consortium also includes Storch’s son, Michael, and Tom Costin, who brings football experience through his involvement with Blue Crow Sports Group, which owns clubs in Spain, France, and Mexico. The takeover was finalized just before the club’s final home game against West Bromwich Albion, ensuring a fresh start for the Owls as they look to the future.

The club had faced severe challenges during Chansiri’s tenure, including a 12-point deduction due to being in administration, followed by additional points lost for financial irregularities. This led to the club’s relegation to League One, marking one of the most challenging periods in its history. With new leadership in place, there is renewed hope for Sheffield Wednesday as they aim to recover from these setbacks.