Sheffield Wednesday takeover latest: David Storch-led group have 'call' with EFL and football regulator
The David Storch-led group hoping to complete a takeover of Sheffield Wednesday are said to have had a meeting with the EFL and Independent Football Regulator.
Following the withdrawal of the James Bord-led consortium from the takeover process, a new frontrunner has emerged in the race to buy Wednesday.
American investment group Arise Capital Partners LLC are firmly in the driving seat having secured preferred bidder status ,and managing partner Storch recently spent time in the Steel City.
Fans are desperate for a takeover to be completed smoothly and quickly given how protracted the process has been since entrance into administration in October.
It is unlikely to be quite as straightforward as some fans would like it to be, but progress is seemingly being made.
Sheffield Wednesday takeover latest
According to the Daily Mail’s Mike Keegan, the Storch-led group spoke to the EFL and representatives of the regulator via Zoom yesterday (March 19).
Talks are thought to have gone well, with the process continuing to tick along.
Posting on X, Keegan said: “Believe the Storch group, who are seeking to take over Sheffield Wednesday, had a Zoom call this afternoon with the EFL and reps from the Independent Regulator. Told it went well and that no issues were flagged. EFL process continues.”
Possible restrictions
Wednesday are desperate to enjoy a brighter future but some of this season’s issues could spill over into the 2026/27 campaign.
It appears the Owls will be slapped with a 15-point deduction in League One, with the indication being the prospective new owners will not pay the 25p for every £1 owed to creditors required to avoid a sanction.
Our sister title The Star have claimed it is something the EFL are holding firm on.
The same outlet have also suggested the possibility of recruitment sanctions was not specifically included in the recent talks. It has recently emerged that Wednesday could be limited to paying £7,000-per-week wages with a total wage spend of £7m.
Negotiations over these proposals are, however, described as “live and ongoing”.
Wednesday supporters have become familiar with the unknown and clarity may not be provided until the end of the season.
However, long-suffering fans will at the very least be pleased to know work is being done to carve out a future for their troubled club.