US consortium takes over Sheffield Wednesday

The Owls had been in administration since 24 October That led to an immediate 12-point deduction, with a further six points taken off for charges related to missed payments to players, staff, HMRC and transfer fees due to other clubs. As a result, Chansiri received a three-year ban from owning or being a director at any EFL club. Yet the points penalties made no difference to the club's fate, with most senior players sold either as part of the administration process. The club suffered the earliest-ever relegation in English football, as defeat at Sheffield United on 22 February consigned them to League One with 13 games to play . Just three days later a takeover led owner James Bord collapsed , leaving Wednesday in limbo. But Storch, who missed out being named the preferred bidder to Bord in December, returned to the table to cut a deal with the administrators. With Chansiri's reign now over, and new owners in place to bring fresh hope, the club can look to a brighter future. to Sheffield Wednesday content on BBC Sounds