Sheffield Wednesday takeover: David Storch takes fresh action to seal Owls deal | OneFootball

David Storch's consortium have taken another decisive step in their bid to complete a takeover at Hillsborough of Sheffield Wednesday...

David Storch and Sheffield Wednesday have been the talk at Hillsborough ever since James Bord's bid failed earlier in 2026.

The Dejphon Chansiri era of the club looks like coming to an end soon enough, with David Storch outbidding Mike Ashley by a large margin in order to make a deal happen to bring Sheffield Wednesday into a more hopeful era instead.

However, there are still obstacles to overcome, with Storch having a £41 million stumbling block in his way already. In spite of that concern, more positive noises are coming out about the situation with each passing day now.

For example, there have been positive talks between Storch, the EFL, and the Independent Regulator over the last week. Excitement and hopeful feelings are stirring within the Sheffield Wednesday fanbase as a result.

David Storch's consortium change financial year end amid Sheffield Wednesday takeover bid

The intricacies of such a deal go beyond just the financials, with Storch also now undergoing the EFL's Owners' and Directors' Test. Now, in the midst of that, a timeline has emerged regarding finalising a deal for the club, with May 1st seen as a key date for Wednesday and Storch.

That is a little over a month away for the consortium, with plenty left to do. But things are moving in the right direction after another positive update on Storch's bid to complete a takeover Sheffield Wednesday on Sunday.

In fact, more information has been revealed since ahead of that key date, with a number of things to iron out in March and April. After relegation, long-term certainty and stability is needed and Wednesday supporters will hope that Storch's timescale wish comes true as the club look to start rebuilding.

Football finance expert Kieran Maguire has revealed a decisive step has been taken by Storch. Speaking on X (formerly Twitter), he detailed the fact Storch's consortium have changed the financial year end for the company set up to buy the club to the 30th of June to align with EFL rules.

It is a significant moment in the process, with Storch's consortium moving closer to their goal ahead of the end of the 2025/26 campaign. With the club set to start next season on -15, they need the clarity to hit the ground running in the window this summer and make them League One-ready.

Sheffield Wednesday fans have been here before

The Storch group changing their company year-end to match EFL rules isn’t just noise, but a signal of serious intent. Getting the structure right behind the scenes is what real takeovers look like. In that sense, it is a hugely positive step for Sheffield Wednesday.

However, things have got far down the line before and Wednesday fans have been burnt before. That is why they need to temper their expectations and excitement, too. Things can quickly change, go wrong, or hit a stumbling block.

They cannot hang their hats on this being the one, which is why there has been other good news around the fact that there are alternatives emerging in case Storch's bid to buy Wednesday collapses.

Wednesday fans should be cautious about getting carried away with the prospect of Chansiri being replaced by Storch. Takeovers are rarely straightforward — due diligence, financing, and EFL approval can all cause delays or collapse deals entirely.

Until contracts are signed, uncertainty will always remain and calm heads are required at Wednesday. The administrators must ensure alternative bidders are ready, allowing them to move quickly if Storch’s proposed takeover hits complications or falls through.