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  "path": "/sport/football/sheffield-wednesday-point-deduction-relegation-record",
  "publishedAt": "2026-04-15T21:38:11.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Real Madrid icon dies as statement sparks tributes for 'one of greatest legends in world'",
    "EFL club announce week-long emergency loan deal ahead of title decider",
    "Premier League side snubs EFL boss and accelerate discussions to appoint former Bundesliga manager",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nSheffield Wednesday's prospective purchasers have received formal notification from the English Football League that the club will face a 15-point penalty when they begin their League One campaign next season.\n\nThe American private equity firm Arise Capital Partners, headed by financier David Storch, emerged as the frontrunner to acquire the Hillsborough outfit.\n\n###\n\n\n\n\nWednesday's drop to the third tier was sealed back in February, making this the earliest Championship relegation on record.\n\nStorch confirmed the sanction in a statement posted on X.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nHe wrote: \"We have now been informed that a 15-point penalty is set to be imposed at the start of next season.\"\n\nThe punishment stems from EFL regulations requiring any takeover bid to return at least 25 pence in the pound to existing creditors.\n\nArise Capital's £20million offer falls well short of this threshold, amounting to approximately 6p per pound for unsecured creditors.\n\nA substantial portion of the club's outstanding debt is owed to departing owner Dejphon Chansiri, who has reportedly declined to write down or restructure what he is owed.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThe consortium had previously indicated reluctance to pay £15million to Chansiri as part of any deal.\n\nStorch stated that repeated attempts to reach a resolution with the former owner through administrators have gone unanswered.\n\nThe US financier strongly opposed the league's ruling.\n\nStorch wrote: \"We fundamentally disagree with this decision.\"\n\n### LATEST SPORT NEWS\n\n\n\n\n  * Real Madrid icon dies as statement sparks tributes for 'one of greatest legends in world'\n  * EFL club announce week-long emergency loan deal ahead of title decider\n  * Premier League side snubs EFL boss and accelerate discussions to appoint former Bundesliga manager\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nHis consortium sought to challenge the penalty through independent arbitration, even offering to cover all legal expenses to promote transparency and fairness, but the EFL rejected this request.\n\nStorch highlighted the unusual nature of Wednesday's predicament, noting: \"What makes this situation particularly difficult is that it is entirely unique.\"\n\nBeyond the financial disputes, the prospective owner also described Hillsborough's facilities as \"inadequate\", warning they require \"significant and urgent\" investment.\n\nDespite the mounting obstacles, Storch reassured supporters that the acquisition remains on course for completion by May 1.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nHe said: \"Sheffield Wednesday is worth saving. We believe in its supporters, its history, and its future.\"\n\nStorch pledged to invest the necessary time, capital and energy to rebuild the club from its infrastructure to its footballing foundations.\n\nThe Owls have already suffered 18 points in deductions during the current campaign-12 for entering administration and a further six for breaching financial regulations-leaving them on minus four with four matches remaining.\n\nNext term, Wednesday face the prospect of dropping to the fourth tier for the first time in their 149-year existence.\n\n###\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "EFL side set for 15-point deduction from start of next season after setting unwanted relegation record"
}