How John McEvoy and the Storch family got rich amid Sheffield Wednesday takeover bid | OneFootball

FLW takes a look at how the two American parties made their money as they compete against Mike Ashley to take over the Owls

FLW takes a look at how John McEvoy and the Storch family made their money before being able to join forces and submit a bid to buy Sheffield Wednesday.

The focus on the wealth of these two American parties comes after James Bord's consortium is no longer in the running to take over the Owls, as per The Daily Mail.

With the administrators reportedly having doubts over funding and whether Bord and co would pass the EFL’s tests, this apparently leaves it between either McEvoy and the Storch family or Mike Ashley.

Ashley has made two offers for the South Yorkshire club so far, the first of which was rejected, and the second is still said to be the lowest received. This may help McEvoy and the Storch family in their efforts to be named the preferred bidders - a decision that's expected to be made in the coming days.

How John McEvoy made his billions amid joint Sheffield Wednesday takeover bid

John McEvoy's journey to becoming a billionaire investor began in the late 1990s, the period of time when The Star says he founded The Mobile Solution, a San Diego-based mobile device distribution company.

Beyond this, the American built up a real estate holding company with property across numerous US states - which now also includes ownership stakes in multiple hospitality and entertainment venues.

This is surely what allowed McEvoy to start venturing into professional sports ownership. The Yorkshire Post mention that he holds minority stakes in the Nashville Predators of the NHL and the Colorado Rockies of MJB, who are Hockey and Baseball teams respectively.

Perhaps more importantly, McEvoy's connection to Sheffield Wednesday emerged through his business interests in the music industry, according to The Telegraph.

In 2019, the California-based entrepreneur acquired a minority stake in Various Artists Management (VAM), a London and Los Angeles-based talent management firm. It was through this he became acquainted with Wednesdayite Jon McClure, who is the frontman of Reverend and the Makers - a band represented by VAM.

What Owls fans can gather from this is that McEvoy is someone who clearly has fingers in a lot of pies, and it's worked very well for him financially.

How the Storch family built their wealth to place joint bid for Sheffield Wednesday

In comparison to McEvoy, David P. Storch's wealth seems to come from the aviation industry.

David has been named alongside his son Michael - in a report by The Athletic’s Matt Slater - as the ones from the Storch family embarking on the Wednesday takeover bid. The football finance expert also claims that David spent 39 years with aviation services giant AAR Corp.

Slater mentions that David retired from his position there as chief executive in 2018, but he seemingly still owns shares of the company's stock worth over $77m.

It is worth noting that there is no evidence anywhere online that suggests David P Storch is related to Gerald L Storch - who was the former CEO of Toys 'R' Us and now has a business consulting team fittingly named Storch Advisors.

The aforementioned report by The Athletic also didn't include a 'Gerald', just David and Michael, and the father and son duo have appointed former Leeds United chairman Andrew Umbers as their advisor.

Granted that there’s not a lot of information regarding who is actually in the Storch family and how they made their money - they’ve obviously got enough to be able to submit a joint bid for a Championship club alongside McEvoy.