{"id":60901,"date":"2026-05-05T11:58:38","date_gmt":"2026-05-05T11:58:38","guid":{"rendered":"https:\/\/shef-live.co.uk\/?p=60901"},"modified":"2026-05-05T13:38:27","modified_gmt":"2026-05-05T13:38:27","slug":"sheffield-wednesday-saved-from-financial-ruin-by-american-buyout","status":"publish","type":"post","link":"https:\/\/shef-live.co.uk\/index.php\/2026\/05\/05\/sheffield-wednesday-saved-from-financial-ruin-by-american-buyout\/","title":{"rendered":"Sheffield Wednesday saved from financial ruin by American buyout"},"content":{"rendered":"\n<p>Hillsborough Stadium was in a celebratory mood on Saturday, despite the clubs relegation to League One, as new owner David Storch introduced himself to the fans.<\/p>\n\n\n\n<p>Chants of &#8216;hi ho Sheffield Wednesday&#8217; rang around a sold out Hillsborough, a rendition of Jeff Beck&#8217;s &#8216;Hi Ho Silver Lining&#8217;, a fitting song on a day like this, with the American consortium&#8217;s purchase of the club being a rare moment of hope in the Owls&#8217; season.<\/p>\n\n\n\n<p>While addressing fan&#8217;s before the match, Storch said: &#8220;Today we return the club to the fans &#8211; this is your club.<\/p>\n\n\n\n<p>&#8220;I want you to know that we will work tirelessly on your behalf.<\/p>\n\n\n\n<p>&#8220;You have no idea what a huge task this has been.&#8221;<\/p>\n\n\n\n<p>Storch then went on to thank other members of the consortium, as well as welcoming the club&#8217;s new CEO David Bruce, who has been tasked with &#8216;leading the efforts&#8217; of the club&#8217;s rebuild.<\/p>\n\n\n\n<p>He also shared that the club&#8217;s point deduction has been wiped next season, displaying a countdown on the screen, which was met with thunderous applause from the fans in the stadium.<\/p>\n\n\n\n<p>The new ownership takes over from Dejphon Chansiri&#8217;s tenure at the club, an era that saw point deductions, administration and huge staff layoffs.<\/p>\n\n\n\n<p>Fans have been protesting the Thai businessman&#8217;s ownership of the club for years, and the new appointment has clearly been a breath of fresh air for Wednesday&#8217;s fans.<\/p>\n\n\n\n<p>Theo Devenport, 19, a lifelong Sheffield Wednesday fan said: &#8220;It&#8217;s absolutely incredible. <\/p>\n\n\n\n<p>&#8220;Wednesday were so close to being kicked out of the football league, they were taking points off us and punishing the fans for something the chairman had done.<\/p>\n\n\n\n<p>&#8220;Chansiri ruined us, but David Storch has come in and saved us, paid off our debts and is steering the club in the right direction.<\/p>\n\n\n\n<p>&#8220;It feels like we have our Wednesday back.&#8221;<\/p>\n\n\n\n<p>Storch has promised more water at the stadium, better food and merchandise, and has also ensured that the club will field &#8216;a competitive team&#8217;.<\/p>\n\n\n\n<p>Following a 2-1 win against West Brom on the last day of the season, Wednesday fans can feel optimistic about next season as they drop to League One.<\/p>\n\n\n\n<p>With a clean slate and a fresh start, things are looking up for the Owls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hillsborough Stadium was in a celebratory mood on Saturday, despite the clubs relegation to League One, as new owner David Storch introduced himself to the fans. Chants of &#8216;hi ho Sheffield Wednesday&#8217; rang around a sold out Hillsborough, a rendition of Jeff Beck&#8217;s &#8216;Hi Ho Silver Lining&#8217;, a fitting song on a day like this, [&hellip;]<\/p>\n","protected":false},"author":319,"featured_media":60902,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,6,132,156],"tags":[135,12,58,208,916],"class_list":["post-60901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-sport","category-top-stories","category-top-story-3","tag-sheffieldnews","tag-sheffield","tag-sheffield-wednesday","tag-sports","tag-wednesday"],"_links":{"self":[{"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/60901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/users\/319"}],"replies":[{"embeddable":true,"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=60901"}],"version-history":[{"count":5,"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/60901\/revisions"}],"predecessor-version":[{"id":61019,"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/60901\/revisions\/61019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/media\/60902"}],"wp:attachment":[{"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=60901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=60901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shef-live.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=60901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}