Simon Jordan makes Sheffield Wednesday takeover claim after points deduction twist | OneFootball

David Storch completed his takeover of Sheffield Wednesday before their 2-1 win against West Brom

Sheffield Wednesday embarked on a new era with a 2-1 win against West Brom on Saturday afternoon.

The completion of David Storch’s takeover of the Yorkshire outfit was confirmed prior to kick-off at Hillsborough, with a packed crowd in attendance for their first match as owners.

Goals from Nathanial Chalobah and Liam Palmer sealed the team’s first home victory of the campaign, and just their second win overall.

Henrik Pedersen’s side finished the season with a total of zero points, having been docked 18 by the EFL due to a combination of going into administration in October, as well as breaching their financial rules.

It was also confirmed by the new owners that the Owls have avoided a 15 point deduction penalty, which it was feared they’d be given for next season.

It was reported that an offer was made to previous owner Dejphon Chansiri, who was set to miss out on the £15 million payment he was owed as part of the takeover, and this offer has prevented the points deduction.

Simon Jordan raises Sheffield Wednesday takeover point

Simon Jordan has claimed that the policy regarding the 15 point deduction penalty by the EFL is not a rule, but a guidance, and that he believes going through the administration process should be punishment enough.

He highlighted the disadvantage clubs face by being in this financial position, and that the EFL should consider abolishing this policy going forward to prevent other clubs from potentially suffering at the hands of a previous owner.

“This was guidance, no other business in the world provides a safety net for someone on the way out,” said Jordan, via Talksport.

“So the person that ran the football club into a bad position gets a safe position of 25p on the pound, the EFL have introduced that rule because they’ve got a bunch of low resolution thinkers inside their governance who cry and scream like stuffed pigs because they’ll say it’s a disadvantage to us.

“These clubs go into administration, they come out the other side, they’re able to build quickly and they don’t suffer the disadvantage of it.

“They seem to ignore that most football clubs that go into financial administration have suffered punishment enough by being in administration.

“They’ve lost all their best players, they’ve lost all their facilities, they’re already in decay and disrepute and ultimately the money that can be invested in them is going to go out the door to the previous owner.”

Jordan opened up on discussions he held with the EFL, making it clear his position on abolishing this guidance, while also claiming that a sensible outcome has been found to help Sheffield Wednesday move on from the Chansiri era.

“When I spoke to the Football League, I said it’s a stupid policy, and you know it’s a stupid policy, it’s a badly constructed one, it’s not even a policy, it’s not even a rule, it’s guidance,” he added.

“And have some balls, and allow Sheffield Wednesday to find their way through it.

“And the clear position was going to be very easy, go to Chansiri and say ‘we’re going to take a 15 point penalty and you’re going to get nothing, or you get something on a deal that makes sense to us, that gives us some upside when we get some upside, and you might get some money because at this moment in time you’re going to get zip’.

“And that’s what’s been done, and the EFL have been able to find a way to wave it through.”

Sheffield Wednesday were initially set to be taken over by a consortium led by James Bord, who had agreed a £47.8 million deal with administrators Begbies Traynor back in December.

However, that agreement collapsed, which led to Bord becoming the next prospective owner in March.

The American’s group, Arise Capital, completed their takeover of the club in May, and will now be looking to rebuild the team for life in League One next season.

Henrik Pedersen is set to remain in charge, with the Owls hoping to return to a competitive level as quickly as possible.

Sheffield Wednesday can move on from Dejphon Chansiri era at last

The sensible move was for Sheffield Wednesday to start from scratch with a clean slate under new ownership, and that position has now prevailed.

This incident has brought up a sore spot between Jordan and the EFL, and it wouldn’t be shocking if a change in their policy was made as a consequence.

Owls fans will be able to move on from the Chansiri era at last after months of waiting for a solution to their administration.

The Thai businessman ran the Yorkshire outfit into the ground, and it is a problem with the rules that he could have potentially benefitted from their poor financial position when that money could be used to go back into the game itself instead.