"The long-awaited takeover of Sheffield Wednesday has officially been completed, with Arise Capital Partners taking control of the club on the final day of the Championship season."
"Wednesday had been in administration since October 24, receiving an immediate 12-point deduction, with six more points taken off for charges linked to missed payments."
"The consortium is also made up of Storch's son Michael, and Tom Costin, who has previously worked with Blue Crow Sports, a multi-club ownership platform."
"A statement confirming the takeover read in part: 'The transaction has been completed following constructive engagement with key stakeholders, including the English Football League (EFL).'"
Arise Capital Partners has officially taken control of Sheffield Wednesday, concluding Dejphon Chansiri's ownership. The EFL confirmed the club will not face a 15-point deduction in League One. Sheffield Wednesday had been in administration since October 24, incurring a 12-point deduction and additional penalties for financial issues. The club's performance suffered, leading to an early relegation. The takeover was led by David Storch, who previously lost a bid but returned to finalize the agreement with key stakeholders, including the EFL.
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