David Storch’s Sheffield Wednesday takeover: How the EFL actually feel about it | OneFootball

David Storch's Arise consortium have continued progressing with their Sheffield Wednesday takeover deal

David Storch's Arise Capital Partners consortium had a meeting with the EFL on Friday regarding their Sheffield Wednesday takeover.

The Owls will remain in administration until new owners are in place, and they are still searching for just their second win of the Championship campaign.

Key figures at Hillsborough, such as boss Henrik Pedersen, have been impressed by Storch, who attended Wednesday's 1-1 draw with Watford earlier this month.

That draw marked the only game in 2026 that the Owls have managed to avoid defeat in, but they will look to change that when they face Stoke City on Good Friday.

The EFL feel positively about key David Storch factor following Sheffield Wednesday takeover talks

Wednesday remain on -6 points in the Championship, thanks to the deductions that they were handed following former owner Dejphon Chansiri's financial wrongdoings.

The South Yorkshire club will hope to enjoy a significantly stronger future under Storch, though, and his consortium's talks with the EFL on Friday went well.

According to the Daily Mail, the EFL are satisfied with the business plans, budget, and finance involved from the group that includes David Storch, his son Michael, and their business partner, Tom Costin.

Arise will hope to eventually steer the Owls to more positive times, but next season is set to be another difficult campaign for the S6 outfit.

Wednesday will start next term with a 15-point deduction, unless Chansiri agrees to write off his debts, as the Storch bid didn't meet the amount required to pay the creditors 25p in the pound.

Chansiri has already inflicted plenty of damage on the South Yorkshire club, who were relegated to League One when they were beaten by fierce rivals Sheffield United in February.

The Owls' former owner consistently failed to pay players and staff on time, which led to several departures last summer, including that of ex-boss Danny Rohl.

Former star players such as Josh Windass and Djeidi Gassama also left Hillsborough last summer, while the winter transfer window wasn't much easier for Pedersen's side, with Wednesday legend Barry Bannan signing for Millwall, and young striker Bailey Cadamarteri joining Windass at Wrexham.

Sheffield Wednesday supporters can remain cautiously optimistic regarding David Storch developments

Storch told BBC Radio Sheffield earlier this month how much he is looking forward to his potential ownership of Wednesday: "We'd like to get this done as soon as possible. We have to go through a process, and we are going to put full-court press on from our side and hope that we can get to completion.

"We want to be ready to play in the June transfer window, so our goal is to have this done very early May. I have been blessed. I have been successful in my life's work, and we have a good financial plan, which includes investments we feel are required to compete, that will see the team get back not just to the Championship but maybe beyond that.

"We have the capital available, and we are excited about it."

Should Storch's consortium complete their takeover by May, they will only be subject to the EFL's Owners' and Directors' tests, which are already underway.

However, if the transaction is not finalised by May, they will also be subject to the Independent Football Regulator's checks.

The fact that the EFL are positive about Storch's finances suggests that he is set to pass their Owners' and Directors' tests, which could mean that the takeover happens relatively swiftly.

That is good news for the Owls faithful, who want to see their club exit administration as swiftly as possible.