Sheffield Wednesday takeover confirmed as American group buys club

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Sheffield Wednesday have been purchased by American investment group Arise Capital Partners, marking the conclusion of Dejphon Chansiri's tenure at Hillsborough.The English Football League confirmed the transaction on Saturday, announcing it would not apply an additional 15-point penalty following the club's emergence from administration.The governing body described the situation as "an incredibly challenging and complex situation for all parties" when explaining its decision to waive the potential deduction.Wednesday, who dropped into League One after entering administration in October, will operate under financial constraints for the coming two seasons as a condition of their continued EFL membership, though they retain the ability to recruit new players.

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TRENDING Stories Videos Your Say The consortium is headed by David Storch, a 73-year-old American businessman with extensive experience in aviation services.His son Michael joins him in the ownership group alongside Tom Costin,...

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