Simon Jordan issues angry Sheffield Wednesday points deduction response after takeover attempt | OneFootball

The talkSPORT pundit has reacted to the news that Wednesday are set to begin next season with another points deficit

After weeks and months of uncertainty, Sheffield Wednesday and their long-suffering supporters are hoping that a takeover can be finalised in the coming days.

The Owls have been in administration since October, and are now seeing a second consortium undergo the process which could end with them being granted the keys to the Hillsborough boardroom.

David Storch, his son Michael and fellow business partner, Tom Costin of Arise Capital Partners LLC were granted preferred bidder status last month after an initial takeover bid from James Bord - reportedly worth £47.8m - collapsed after Wednesday's anticipated relegation to League One was mathematically confirmed.

The takeover process involving Storch appears to be going rather smoothly in comparison to that of Bord's, as the ex-poker player had been embroiled in controversies whilst looking to take control of the Steel City club, but that hasn't meant that the American hasn't faced several challenges.

Storch and his consortium have been in constant dialogue with the EFL as they aim to complete a takeover by May 1st, the day before Henrik Pedersen's side face West Bromwich Albion at a packed-out Hillsborough.

However, heading into next season, the Owls could be set for yet another season of struggle, with it recently being reported that the EFL are still set to serve the club with a 15-point deduction at the beginning of the campaign as a result of their bid only being worth £18m, which means creditors would not be repaid 25p in the pound as administration is exited.

Former Crystal Palace chairman and talkSPORT pundit, Simon Jordan, has had his say on many developments that have unfolded throughout Wednesday's takeover saga, and he is now less than impressed with the aforementioned decision.

Simon Jordan slams EFL as David Storch makes fresh Sheffield Wednesday points deduction revelation

Amid a lengthy statement from the American, Storch revealed that his consortium "fundamentally disagree" with the EFL's decision, whilst also taking aim at Chansiri for a lack of investment in critical infrastructure such as sanitisation and electricity at Hillsborough, as well as a refusal to negotiate a restructure of the club's debt.

Storch has urged those on social media to spread the situation around by using the hashtag, #FairDealForWednesday, whilst Arise continue to attempt negotiating a different outcome with the governing body, and a fairer one from their perspective.

Jordan, who was previously linked with a consortium looking to acquire the club involving Ryan Howsam, clearly shares the same opinion as many Wednesdayites and Storch, claiming that it would be unfair for the EFL to further punish the already 'ruined' Owls.

"You don't get a safety net in another industry. Why do you get a safety net in football? Because football governance tells you," he stated.

"The reason football governance tells you is that the bunch of 'small-minded little nitwits' at the EFL will go 'they're going to get an advantage' (without a points deduction).

"So you'd rather take £20m out of football, and give it to someone that ruined the football club (Chansiri) as some degree of consequence, rather than accepting the football club have already been ruined," Jordan added.

"(Then) accepting the fact it's already massively disadvantaged and debilitated by the administration, and allowing the club to go about its business with some degree of control, rather than being allowed to spend money like drunken sailors.

"Also, perhaps, a progressive tax that comes in, which says, 'if you go back into administration, 10 percent of the proceeds of the football club go towards the pyramid.

"Those sorts of things might be a bit progressive-thinking," the pundit continued. "But, I can just see them, 'they can't have an advantage, we're not having that.'

"Here we are now, with the EFL not having the 'balls', with all due respect to Rick (Parry) and Trevor (Birch), to turn round and say, 'it's not a rule, it's guidance."

Sheffield Wednesday could be further disadvantaged on the pitch in League One after Championship misery

After a season of misery, the Owls look as though they are to be further disadvantaged next season, even though the potential of Storch's takeover being completed at the start of next month will offer a glimmer of hope.

The club also currently have a transfer fee restriction in place until January 2027, meaning no money can be parted with to add new players to the squad, whilst a wage cap of £7m for the season is also set to be in place.

They are not the only side to kickstart a League One season on -15 points, though, as Leeds United suffered the same woes ahead of the 2007/08 season, before eventually losing the play-off final to Doncaster Rovers.

However, given how distressed Wednesday have been as a club for some time, and the challenges that lie in wait for Storch and his consortium should the deal conclude, it would take a remarkable feat for that to be matched 19 years later.