On Friday, David Storch’s Arise Capital Partners consortium met with the EFL to discuss their proposed Sheffield Wednesday takeover.

The Owls will stay in administration until new owners are found, and they are still looking for their second win of the Championship season.

Storch has pleased key figures at Hillsborough, including manager Henrik Pedersen, who watched Wednesday’s 1-1 draw with Watford earlier this month.

That draw was the Owls’ only victory in 2026, and they will aim to rectify that when they meet Stoke City on Good Friday.

Following Sheffield Wednesday acquisition talks, the EFL has a favorable outlook on David Storch.

Wednesday are on -6 points in the Championship as a result of the penalty imposed following former owner Dejphon Chansiri’s financial wrongdoings.

The South Yorkshire club will aim to have a far brighter future under Storch, and his consortium’s meetings with the EFL on Friday went well.

According to the Daily Mail, the EFL is pleased with the business plans, budget, and financing provided by David Storch, his son Michael, and their business partner, Tom Costin.

Arise will hope to gradually shepherd the Owls to better times, but next season will be another challenging one for the S6 club.

Wednesday will begin next term with a 15-point deduction unless Chansiri agrees to write off his debts, as the Storch proposal did not meet the need to pay the creditors 25p in the pound.

Chansiri has already caused significant harm to the South Yorkshire club, which was relegated to League One after being thrashed by arch rivals Sheffield United in February.

The Owls’ former owner routinely failed to pay players and staff on time, resulting in multiple departures last summer, including former manager Danny Rohl.

Former Hillsborough stars Josh Windass and Djeidi Gassama both left last summer, and Pedersen’s side had a difficult winter transfer window, with Wednesday great Barry Bannan departing for Millwall and teenage striker Bailey Cadamarteri joining Windass at Wrexham.

Sheffield Wednesday supporters might be cautiously encouraged about David Storch’s developments.

Storch told BBC Radio Sheffield earlier this month how excited he is about his potential ownership of Wednesday: “We’d like to get this done as soon as possible.” We will focus on the procedure and hope to complete it successfully.We want to be ready to play in the June transfer window, so we plan to complete this as early as possible in May. I’ve been blessed. “I have been successful in my life’s work, and we have a good financial plan that includes investments we believe are necessary to compete, which will see the team return to the Championship and possibly beyond.”We have the funds available, and we are thrilled about it.”

If Storch’s group completes their takeover before May, they will only be subject to the EFL’s Owners and Directors examinations, which are now underway.

However, if the transaction is not completed by May, they will be subject to Independent Football Regulator checks.

The EFL’s good assessment of Storch’s finances suggests that he is on track to pass their Owners’ and Directors’ tests, which might entail a quick takeover.

That is wonderful news for Owls fans, who want their club to exit administration as soon as possible.

However, supporters will not be able to celebrate anything until the takeover is formally finalized, having witnessed former favorite bidder James Bord’s proposal collapse.