Breaking: David Storch confirms 15-point deduction and Sheffield Wednesday standpoint
David Storch and his Arise consortium are still hoping to finalise a takeover of Sheffield Wednesday.
Storch and Co are saying all the right thing as they progress in their hopes of completing the purchase of the Owls, and tonight he’s taken to Twitter to address the conversations over a 15-point deduction at the start of next season.
It read as follows:
I want to speak directly to the supporters of Sheffield Wednesday and the wider football community at what is a critical moment for this historic club.
Over the past several months, my team at Arise Capital and I have worked tirelessly, professionally, and in good faith to secure the future of Sheffield Wednesday. Following extensive and constructive discussions with the English Football League (EFL), we submitted detailed representations just ahead of Easter for consideration by the Board, with the aim of addressing their proposed sanctions and ensuring a fair and proportionate outcome. These submissions were supported by powerful representations made by The SWFC Supporters Trust, Clive Betts, Lord David Blunkett and a group of additional MPs.
Despite these efforts, we have now been informed that a 15-point penalty is set to be imposed at the start of next season. We fundamentally disagree with this decision.
We also requested the opportunity for this matter to be reviewed through independent arbitration—going as far as offering to cover all associated legal costs ourselves in the interest of transparency and fairness. That request has been denied.
This is deeply frustrating, not just for us, but for everyone who cares about the future of Sheffield Wednesday.
Arise are still seeking to buy Sheffield Wednesday
What makes this situation particularly difficult is that it is entirely unique. A significant portion of the club’s debt sits with its former owner, Dejphon Chansiri, who has not agreed to write down or restructure that debt. We have made repeated attempts, through the administrators, to engage with Mr. Chansiri in order to find a constructive resolution. Those requests have gone unanswered.
At the same time, as our due diligence has progressed, the full scale of the serious infrastructure challenges has become apparent. These include inadequate water supply affecting even basic sanitation, and insufficient electrical capacity to support certain essential upgrades. The work required is significant and urgent, and likely to result in the need to invest substantial further sums. These are issues that Mr Chansiri must have known about for many years, yet we are required to fix them in months.
Combined with a severely depleted playing squad and coming off such an unsuccessful season, these conditions point to a club in deep distress—one that, without the right support and a fair regulatory approach, risks entering what could become one of the most challenging seasons in EFL history.
Despite all of this, let me be clear: it remains our absolute intention to complete this transaction by 1 May.
Sheffield Wednesday is worth saving. We believe in its supporters, its history, and its future. And, as we have shown to date, we remain prepared to invest the time, capital, and energy required to rebuild this club properly—from its infrastructure to its footballing foundations.
However, this is a unique situation, and it requires a fair and proportionate response. We are simply asking to be heard properly, for the circumstances to be fully considered, and for a decision that reflects the reality on the ground—not one that risks further harm to a club facing extraordinary challenges and that has already suffered substantial penalties.
We have today responded in full to the EFL, and have committed that we will immediately address the serious infrastructure issues, on the basis that the EFL agree to a reasonable approach to the intended 15 point penalty to be applied next season.
I remain hopeful that a constructive path forward can still be found.
At the same time, I would encourage those who care about the future of the club to make their voices heard in a constructive and responsible way. Supporters and the wider football community can play an important role by engaging across social media using the hashtag#FairDealForWednesday.
Together, we can help ensure that this historic club is given the fair opportunity it deserves.