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Sheffield Wednesday takeover complete, no points deduction

sportsMay 2, 20261897

U.S. consortium Arise Capital, led by businessman David Storch, completed its takeover of Sheffield Wednesday and removed the club from administration. The English Football League waived a proposed 15-point deduction for the 2026/27 League One season, so Sheffield Wednesday will start that campaign without the scheduled penalty. Arise Capital named David Bruce as chief executive and said the club may sign players under existing EFL budget restrictions. The takeover ends Dejphon Chansiri's ownership and brings fresh investor funding intended to stabilize finances and support a push for promotion.

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