Sheffield Wednesday confirm new owners and will start season without points deduction
It has been a day of celebration for Sheffield Wednesday fans.
Last updated 24 hours ago
Sheffield Wednesday supporters will be hoping today is the dawn of a new era with new owners confirmed.
The Owls will begin next season in League One but with optimism after a turbulent year which has seen the club bottom of the Championship and facing serious questions about the future of the club.
US consortium Arise Capital Partners have now been confirmed as the new owner with the announcement being made on the pitch before their game against West Brom.
Fans have taken part in fancy dress and at a sold-out Hillsborough there have been further celebrations with the club confirming the -15 point deduction that had been talked about for next season will not be happening, with the club starting on 0 points.
Speaking to the club's website David Storch, on behalf of Arise Capital Partners LLC, said:
“Sheffield Wednesday deserves stability, ambition and a clear direction. That is what we are here to deliver.
“We know trust must be earned. We are humbled by the opportunity, we take this seriously as stewards of this incredible club - we will approach this with humility, transparency, and a long-term commitment to doing things the right way.
“I would like to thank the EFL for their constructive engagement in reaching this resolution. This has been a complex journey, and their willingness to work with us to secure a fair and sustainable position has been vital.
“I would also like to acknowledge the administrators at BTG, whose expertise, diligence, and steady guidance have been instrumental in navigating this highly challenging situation.
“In addition, I want to recognise the outstanding work of my team, whose dedication, professionalism, and belief in the potential of this football club have been central to achieving this result.
“I would like to pay tribute to the hard work and support of the Sheffield Wednesday Supporters’ Trust and local Members of Parliament, whose engagement and advocacy have been so important throughout this process.
“To our supporters: thank you for your incredible passion and loyalty. It was a privilege to share this moment with many of you at Hillsborough, and we look forward to continuing this journey together.
“I would also like to take this opportunity to thank the entire staff at Hillsborough and Middlewood Road for their hard work and dedication during the most challenging of times.
“The circumstances they have endured are unprecedented but their professionalism and loyalty shown throughout must be and is recognised.
“Today, this Club is reborn - and we look forward with determination to the work that lies ahead.”