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(Credit: Imago\/Manh Tung – Breaking Media)<\/p>\n
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Wed 13 May 2026 13:52, UK <\/p>\n
Sheffield Wednesday owner David Storch is going to have to spend an \u201cabsolute fortune\u201d on improving the infrastructure at Hillsborough.\u00a0<\/strong><\/p>\n That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider<\/strong> the Owls will also need to overhaul their squad following their relegation from the Championship<\/a>. <\/p>\n It was confirmed on 2 May Arise Capital Partners, which comprises Storch, his son Michael and Tom Costin, has completed its takeover of Sheffield Wednesday. <\/p>\n The South Yorkshire giants have been relegated to League One, having been deducted 18 points for breaching the EFL\u2019s regulations after going into administration. <\/p>\n However, the EFL confirmed Sheffield Wednesday will not be deducted a further 15 points next season after former owner Dejphon Chansiri failed to engage with offers for the club.\u00a0<\/p>\n SHEFFIELD WEDNESDAY REBORN<\/p>\n \u2014 Sheffield Wednesday (@swfc) May 2, 2026<\/a><\/p><\/blockquote>\n View Tweet<\/p>\n MORE FOOTBALL INSIDER STORIES<\/p>\n Why David Storch must \u2018spend quickly\u2019 at Sheffield Wednesday<\/p>\n Storch has various issues to deal with<\/a>\u00a0after completing his takeover following the serious financial issues Sheffield Wednesday have faced in recent times.\u00a0<\/p>\n However, avoiding the 15-point penalty is a major positive for Henrik Pedersen\u2019s side heading into next season.\u00a0<\/p>\n Sheffield Wednesday\u2019s timeline of events this season<\/p>\n Speaking exclusively to Football Insider<\/strong>, Borson discussed the challenges Storch is facing after taking over at Hillsborough. <\/p>\n \u201cThey seem to have managed to stave off some of the restrictions on transfers and wages, which is a positive to an extent, but it is also going to ramp up the pressure on the new owners to spend and spend quickly,\u201d said Borson. <\/p>\n \u201cThat in itself is going to quickly become a problem. They\u2019ve got a lot of goodwill when you buy the club in the way that they have. When you talk the game that they\u2019ve talked, you\u2019ve got to build up goodwill.\u00a0<\/p>\n \u201cThey need to do the spending in a phased way. They\u2019ve got a lot to spend. The stadium, the infrastructure and the training ground is all going to cost them an absolute fortune, so all of that has got to be prioritised.\u201d\u00a0<\/p>\n Why Sheffield Wednesday are facing squad rebuild<\/p>\n Borson insisted Sheffield Wednesday\u2019s new leadership team will face various challenges over the coming months as they look to take the club forward.\u00a0<\/p>\n \u201cThey\u2019re bringing in a whole new executive team,\u201d said Borson. <\/p>\n \u201cWhen you buy a business that\u2019s been in distress for as long as that\u2019s been in distress, everything is going to need money spent on it.\u00a0<\/p>\n Although still basking in the glow from our dream like Saturday, this past week was one of rolling up our sleeves and going to work in preparation for the summer and beyond. David B, @michaelestorch<\/a> and I met with the leadership team advancing our plans for the training pitch,\u2026<\/p>\n\n
\n Date<\/td>\n Event<\/td>\n<\/tr>\n \n 24 October 2025<\/td>\n Deducted 12 points after entering administration<\/td>\n<\/tr>\n \n 1 December 2025<\/td>\n Deducted six points for breaching EFL regulations<\/td>\n<\/tr>\n \n 24 December 2025<\/td>\n James Bord named as preferred bidder<\/td>\n<\/tr>\n \n 22 February 2026<\/td>\n Sheffield Wednesday relegated to League One<\/td>\n<\/tr>\n \n 25 February 2026<\/td>\n James Bord pulls out of takeover deal<\/td>\n<\/tr>\n \n 10 March 2026<\/td>\n David Storch named as preferred bidder<\/td>\n<\/tr>\n \n 2 May 2026<\/td>\n David Storch completes Sheffield Wednesday takeover<\/td>\n<\/tr>\n \n