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  "path": "/sport/football/sheffield-wednesday-takeover-confirmed",
  "publishedAt": "2026-05-02T12:16:00.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Bryson DeChambeau sets record straight on LIV Golf future after Saudi fiasco",
    "Tyson Fury and Anthony Joshua fight rocked as Dua Lipa snubs offer",
    "BBC 'spending thousands on riot training for staff' ahead of World Cup",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nSheffield Wednesday have been purchased by American investment group Arise Capital Partners, marking the conclusion of Dejphon Chansiri's tenure at Hillsborough.\n\nThe English Football League confirmed the transaction on Saturday, announcing it would not apply an additional 15-point penalty following the club's emergence from administration.\n\n###\n\n\n\n\nThe governing body described the situation as \"an incredibly challenging and complex situation for all parties\" when explaining its decision to waive the potential deduction.\n\nWednesday, who dropped into League One after entering administration in October, will operate under financial constraints for the coming two seasons as a condition of their continued EFL membership, though they retain the ability to recruit new players.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\nThe consortium is headed by David Storch, a 73-year-old American businessman with extensive experience in aviation services.\n\nHis son Michael joins him in the ownership group alongside Tom Costin, forming a three-person partnership.\n\nCostin contributes significant football industry expertise to the venture through his involvement with Blue Crow Sports Group, a multi-club ownership and investment platform.\n\n###\n\n\n\n\nThe group holds controlling stakes in several clubs across different leagues, including Spanish side Leganes, French outfit Le Havre, and Cancun FC in Mexico.\n\nThis international football network provides Wednesday with connections to an established multi-club structure as they prepare for life in the third tier.\n\nThe Owls had been operating under administration since 24 October, triggering an immediate 12-point deduction from their league tally.\n\n### LATEST SPORTS NEWS:\n\n\n\n\n  * Bryson DeChambeau sets record straight on LIV Golf future after Saudi fiasco\n  * Tyson Fury and Anthony Joshua fight rocked as Dua Lipa snubs offer\n  * BBC 'spending thousands on riot training for staff' ahead of World Cup\n\n\n\n###\n\n\n\n\nA further six points were subsequently removed due to charges relating to unpaid wages to players and staff, outstanding HMRC obligations, and transfer fees owed to other clubs.\n\nChansiri has been handed a three-year prohibition from owning or serving as a director at any EFL club as a consequence.\n\n###\n\n\n\n\nDespite these substantial penalties, the points deductions proved irrelevant to Wednesday's ultimate fate, with most senior squad members departing either before or during administration.\n\nA loss to Sheffield United on 22 February sealed the earliest-ever relegation in English football history, with 13 matches still remaining.\n\n###\n\n\n\n\nThe new owners had established 1 May as their deadline for completing the acquisition, conscious that any delays beyond 5 May would bring the Independent Football Regulator into the approval process rather than the EFL.\n\nAll necessary documentation was finalised on Friday, allowing the club to announce the completed deal before their sold-out final home fixture against West Bromwich Albion.\n\n###\n\n\n\n\nStorch had previously lost out to Dunfermline Athletic owner James Bord when preferred bidder status was awarded in December.\n\nHowever, when Bord's proposed takeover fell through just three days after the Sheffield derby defeat, Storch re-entered negotiations with administrators to secure the purchase.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "Sheffield Wednesday takeover confirmed as American group buys club"
}