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Sheffield Wednesday Faces 15-Point Penalty Amid Takeover Bid

4/16/2026

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Summary

Story summary

The English Football League told Sheffield Wednesday's preferred bidder, Arise Capital Partners, of a 15-point penalty.
The £20 million bid would pay about 6p to unsecured creditors, far short of the 25p needed.
David Storch, leader of Arise Capital Partners, criticized the decision.
There has been no response from former owner Dejphon Chansiri about the debt.
Storch remains committed to completing the takeover by May 1.

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Story summary

The English Football League told Sheffield Wednesday's preferred bidder, Arise Capital Partners, of a 15-point penalty.
The £20 million bid would pay about 6p to unsecured creditors, far short of the 25p needed.
David Storch, leader of Arise Capital Partners, criticized the decision.
There has been no response from former owner Dejphon Chansiri about the debt.
Storch remains committed to completing the takeover by May 1.