Sheffield Wednesday celebrated David Storch’s purchase of the club with a 2-1 victory over West Brom on the season’s final day.

The Owls won their first game at Hillsborough this season due to goals from Liam Palmer and Nathaniel Chalobah.

The Yorkshire outfit went into administration in October and had to wait until the beginning of May for a new owner.

Henrik Pedersen’s side was relegated as a result of serious off-field troubles, with a small squad struggling to produce results.

The EFL imposed a combined deduction penalty of 18 points on the club, ensuring that they finished the season with a zero.

Storch will now hope to rebuild Sheffield Wednesday as soon as possible in order to turn things around and return the team to the Championship.

David Storch issued an investing warning.

Football finance specialist Stefan Borson has cautioned Storch that a significant amount of money will need to be invested in Sheffield Wednesday’s infrastructure, and rapidly, as part of the club’s rebuilding.

He believes that it might be quite costly for the new owners, as well as a huge issue with supporters, if work is not prioritized to improve the stadium and other amenities, despite the clear goodwill behind the takeover.

“They seem to have managed to stave off some of the restrictions on transfers and wages, which is a positive to an extent, but it is also going to ramp up the pressure on the new owners to spend and spend quickly,” Borson told Football Insider.

“That in itself will fast become an issue.

“They have a lot of goodwill when they buy the club in the manner that they have.

“When you talk the game they’ve talked about, you have to establish goodwill.

“They need to do the spending gradually.

“They have a lot to spend.

“The stadium, the infrastructure and the training ground is all going to cost them an absolute fortune, so all of that has got to be prioritised.”

Sheffield Wednesday were initially due to be bought by a partnership managed by James Bord, who were appointed preferred bidders in December after a number of interested parties stepped forward.

However, the £47.8 million deal fell in February, allowing Storch to complete his takeover by May.

The firm led by Storch, known as Arise Capital, includes his son Michael and Tom Costin.

The Owls will now prepare for League One, where they will start fresh after avoiding a 15-point deduction penalty.

It was believed that the Yorkshire club would start the upcoming season on the back foot after failing to comply with the EFL’s insolvency regulations.

However, an agreement was reached with prior owner Dejphon Chansiri, which resulted in the threat of a further penalty being lifted.

Pedersen will continue to lead the first-team squad, while Simon Wilson is expected to become Sheffield Wednesday’s sporting director.

David Storch has a lot of work ahead of him as Sheffield Wednesday’s owner.

Sheffield Wednesday are undeniably one of the EFL’s sleeping giants, and with the right ownership, a club of this magnitude could compete in the Premier League.

However, a decade of mismanagement has taken them back to League One, implying that a lot of work is required to turn things around.

Not only does investment in the first team squad need to be made, but Hillsborough and the training facilities require significant infrastructure improvements.

While Storch undoubtedly has huge intentions, and the proactive measures they’ve made so far are positive, the quantity of investment put into upgrading Sheffield Wednesday’s vital off-field areas will be a litmus test of his dedication to the club.