After weeks and months of uncertainty, Sheffield Wednesday and their long-suffering fans are hoping that a takeover will be completed in the coming days.

The Owls have been in administration since October, and a second consortium is currently undergoing the procedure, which might result in them receiving keys to the Hillsborough boardroom.

David Storch, his son Michael, and fellow business partner Tom Costin of Arise Capital Partners LLC were granted preferred bidder status last month after James Bord’s initial takeover bid – reportedly worth £47.8 million – failed after Wednesday’s expected relegation to League One was mathematically confirmed.

The takeover process involving Storch appears to be going more easily than Bord’s, since the former poker player was engaged in issues when attempting to acquire control of the Steel City team, but that doesn’t mean the American hasn’t experienced some hurdles.

Storch and his partners have been in frequent contact with the EFL, hoping to finalize the takeover by May 1st, the day before Henrik Pedersen’s team faces West Bromwich Albion at Hillsborough Stadium.

However, the Owls could be in for another difficult season next season, with it recently reported that the EFL is still planning to penalise the club with a 15-point deduction at the start of the season due to their bid only being worth £18 million, which means creditors will not be repaid 25p in the pound as administration is exited.

Former Crystal Palace chairman and talkSPORT analyst Simon Jordan has commented on numerous developments in Wednesday’s takeover issue, and he is now less than impressed with the aforementioned decision.

Simon Jordan criticizes EFL as David Storch makes a new Sheffield Wednesday points deduction disclosure.

In a lengthy statement, Storch revealed that his consortium “fundamentally disagrees” with the EFL’s decision, while also criticising Chansiri for a lack of investment in critical infrastructure such as sanitisation and electricity at Hillsborough, as well as a refusal to negotiate a debt restructuring for the club.

Storch has urged social media users to spread the word about the situation by using the hashtag #FairDealForWednesday, while Arise continues to try to negotiate an alternative resolution with the governing body, one that is more fair to them.

Jordan, who was previously linked with a group attempting to acquire the club involving Ryan Howsam, plainly agrees with many Wednesday fans and Storch, arguing that it would be wrong for the EFL to penalize the already ‘ruined’ Owls.

You don’t have a safety net in another industry. Why do football players get a safety net? “Because football governance says so,” he explained.Football governance warns that the EFL’s “small-minded little nitwits”

may gain an unfair advantage without a points deduction.Jordan argued that taking £20 million from football and giving it to someone who damaged the club (Chansiri) is preferable to recognizing the team’s demise.

Accepting the administration’s disadvantages and allowing the club to operate with control is preferable to spending money recklessly.Consider implementing a progressive levy that allocates 10% of football club profits to the pyramid in the event of a reorganization.”

Those sorts of things might be a little forward-thinking,” the pundit added. “But I can just see them saying, ‘They can’t have an advantage; we won’t have that.'”

Here we are now, with the EFL lacking the ‘balls’, with all due respect to Rick (Parry) and Trevor (Birch), to turn around and say, ‘it’s not a rule, it’s guidance.”

Sheffield Wednesday may be more disadvantaged on the pitch in League One following Championship misery.

After a miserable season, the Owls appear to be further disadvantaged next season, despite the possibility that Storch’s takeover will be completed at the beginning of next month, which will provide a ray of optimism.

The club also now has a transfer fee ban in effect until January 2027, which means no money can be spent on adding new players to the squad, as well as a £7 million pay cap for the season.

They are not the only team to open a League One season with -15 points; Leeds United did the same in 2007/08 before losing in the play-off final to Doncaster Rovers.

However, given Wednesday’s recent struggles as a club, as well as the hurdles that await Storch and his consortium if the deal is completed, it would take a great feat to replicate that 19 years later.