Sheffield Wednesday are getting closer to gaining new ownership, but the next few weeks will be vital as Arise Capital Partners attempts to finalize a purchase of the club.

Wednesday remains in administration nearly six months after former owner Dejphon Chansiri’s departure, and the South Yorkshire club has had a nightmarish season on the pitch, suffering the quickest relegation in English football history when their destiny was sealed in February.

Arise was named the new preferred bidder for the Owls last month, but because the consortium refused to meet the EFL’s 25p in the pound rule, which would have resulted in Chansiri receiving around £15 million, it has long been speculated that the club could face a 15-point deduction in League One next season.

That was confirmed this week when David Storch, the leader of Arise’s takeover bid, revealed on social media that the EFL intends to impose the sanction, but he made it clear that he and his business partners are unhappy with the situation, insisting that it is something they “fundamentally disagree” with.

Wednesday might avoid a 15-point penalty next season if Chansiri agrees to restructure his portion of the club’s debt, but Storch said that attempts to contact the Thai tycoon had gone “unanswered”.

However, it appears that Chansiri is now eager to negotiate a deal, with journalist Alan Nixon stating that the ex-Owls head, who is thought to be hoping to make roughly £2 million from the sale, is willing to meet with Arise and its legal experts.

Henrik Pedersen reacts to recent David Storch and Sheffield Wednesday takeover events.

Despite winning only one of his 46 games in command, it was recently reported that Pedersen would remain in charge of Wednesday next season if Arise completed their takeover, and the Dane backed Storch following his forceful social media remark.

Pedersen believes it would be unfair to punish the Owls further next season, but remains confident in his ability to build a competitive squad for League One despite any restrictions.Pedersen expressed agreement for David’s statement, stating that as a manager, he would prefer to have zero points over minus 15.Sheffield Wednesday is a large club with many players interested in joining in the future. However, we are not a top priority when selecting players.

We will build a strong group for the upcoming season via hard effort, integrating young players, and focusing on the human aspect of sport.I know David and his colleagues are working really hard to do everything they can and do their best for Sheffield Wednesday, and I can’t say how long that will take. “They make every effort to resolve the issue by the end of the season.”David and his people are so upbeat,

and if we have a huge picture and the appropriate light for the future, we can overcome anything. Pedersen said that they will handle the minus 15 point as well.However, as I already stated,

I understand David’s statement and believe that everyone has endured enough this season. We all want to look forward to starting work on the project and putting all of our efforts into it. And, of course, I hope for a decent answer in the future.”

Sheffield Wednesday fans will have Dejphon Chansiri hope despite the David Storch takeover hurdle.

Given the havoc Chansiri created during the terrible final months of his stint at Hillsborough, Wednesday fans will be unhappy that their former owner is still proving to be a roadblock to a takeover, despite the fact that he is no longer in charge.

Having previously refused to interact with Arise, it seems unlikely that Chansiri would be prepared to assist the Owls, but new claims that he may now be open to conversations offer a ray of hope that a costly 15-point deduction may be averted next season.

After a terrible period, few would disagree with Pedersen’s assessment that Wednesday has already received enough punishment, but additional fines may be imposed if Arise is unable to strike an agreement with Chansiri.