By Thai Newsroom Reporters
AN AMERICAN consortium strongly reconfirmed a well-calculated goal to take over the previously Thai-owned Sheffield Wednesday before the current season closes in early May even if the Owls may start next season with as many as 15 points to be deducted.
The consortium was set up by David Storch, founder of Arise Capital Partners, for his son Michael Storch and Tom Costin to carry out his scrupulous efforts to buy the Yorkshire football club currently under administration despite their financial fiascos on which Dejpon Chansiri, the Owls’ outgoing owner, had been inarguably put to blame.
The American businessman was well aware of the English Football League’s rules pertaining to Sheffield Wednesday’s unsettled debt and chronically, financially ailing status, keeping his fingers crossed to the extent his planned takeover bear no further difficulties upon the beginning of next season for League One, the third tier of the English football echelon in which the Owls will play after they have been relegated from the second-tiered Championship.
Given reported breaches to the EFL rules perpetrated in the current season, Sheffield Wednesday will likely have a 15-point deduction upon the start of next season no matter whether or not their financial problems could be effectively addressed by their potential new owner.
Storch has reportedly outbidden former Newcastle owner Mike Ashley in competition for the Owls ownership and boasted of having passed a major, yet-unspecified hurdle during his talks with the EFL and administrators whilst the takeover process will hopefully go smoothly before the end of current season scheduled for May 2. The American tycoon’s consortium was reported to be working toward finalising the pre-planned takeover from the ad hoc administration set up last October.
Since Sheffield Wednesday manager Henrik Pedersen may or may not be kept intact with the job of coaching a squad of unpromising players at Hillsborough stadium, the Owls will be primarily pressed to return to the Championship at the end of next season for fear of financial constraints to probably worsen in spite of their new ownership. However, it will be up to anyone’s guess as to whether Storch may be content with the performance of the Danish manager recorded on and off the pitch so far.
Besides, it remains to be seen how many of the current Owls players will be sold through the summer transfer window to raise income for the cash-strapped football club, let alone if a few, not-so-talented players might possibly be bought in to add strength to the poorly-performing squad after prominent players had parted company with the Owls such as the likes of Barry Bannan and Josh Windass, among others.
In the meantime, the other Thai-owned, English football club namely Leicester City were standing the chance of being relegated alongside Sheffield Wednesday from the Championship to League One upon the end of current season largely due to the Foxes’ sharply-declining performance and low morale on the pitch since they had borne a six-point deduction due to a breach to the EFL Profit & Sustainability rules.
Like the Owls, the Foxes, who were relegated from the top-flight Premier League last season, were facing financial troubles which had in no small measures upset Aiyawatt Srivaddhanaprabha, the Thai owner of the East Midlands club who had desperately tried to make ends meet at King Power stadium week in, week out.
CAPTIONS:
Top – Sheffield Wednesday have been in administration since October 24. Photo – Getty Images and published by BBC
First insert – David Storch, pictured at an aviation conference in 2012. Photo – Getty Images and published by BBC
Second insert – Sheffield Wednesday boss Henrik Pedersen. Photo – Getty Images and published by BBC
Front Page – Sheffield Wednesday’s Joe Lumley in action during a match with Middlesbrough on Oct. 22, 2025. Photo – Andrew Boyers/Reuters and published by CNA
Also read:
Thai-owned Foxes on brink of relegation again
Spain v Argentina ‘Finalissima’ match in Qatar cancelled amid conflict
Sheff Wednesday appeal for help after nightmare summer followed by arrival of starlet
Owls tipped as first Championship side to be relegated
Sheffield Wednesday fans protest at Thai embassy
