Storch Consortium Completes Sheffield Wednesday Takeover

A consortium led by American businessman David Storch completed its takeover of Sheffield Wednesday on Saturday, officially ending the club's administration and the ownership of Dejphon Chansiri ahead of the team's final Championship match against West Bromwich Albion at Hillsborough Stadium.

The Arise Capital Partners group, comprising 73-year-old aviation services executive Storch, his son Michael Storch and Tom Costin, finalized the purchase after months of negotiations. Costin brings football expertise through his role with Blue Crow Sports Group, which holds stakes in clubs including Spain's Leganes, France's Le Havre and Mexico's Cancun FC. The announcement came hours before the sold-out fixture, marking a new chapter for the 1867-founded club, a four-time English champion and original Premier League member.

Sheffield Wednesday entered administration on October 24 following repeated financial breaches under Chansiri, who acquired the club in 2015. The move triggered an immediate 12-point deduction, followed by six more points for unpaid transfer fees, wages to players and staff, and obligations to HMRC. Chansiri received a three-year ban from owning or directing any...