Sheffield Wednesday has begun a new chapter when David Storch took ownership, although the negative effect of former owner Dejphon Chansiri remains for the time being.

Furthermore, the Thai businessman’s repeated failure to pay staff and player wages on time prior to his disqualification forced former manager Danny Rohl, as well as ex-stars Josh Windass and Djeidi Gassama, to quit S6 last summer.

Following Chansiri’s reckless actions, Wednesday won just two Championship games all season, though Saturday’s 2-1 victory over West Bromwich Albion was especially memorable.

David Storch offers Dejphon Chansiri a multimillion-pound payout as the truth behind Sheffield Wednesday’s point deduction decision surfaces.

By the time Wednesday faced West Brom for their final game of the season on Saturday, Storch’s Arise group had completed their takeover and had traveled to Hillsborough Stadium to celebrate the news in front of a sellout crowd.

Meanwhile, prior of kick-off, everyone linked with the Owls discovered that the South Yorkshire club will not face a further 15-point deduction next season, with many fans finding out on the big screens at Hillsborough.

The South Yorkshire club was expected to face a 15-point penalty because Storch’s bid fell short of the amount required to pay creditors 25p in the pound, with Chansiri being the primary creditor.

In a surprising twist, Sky Sports News disclosed on Monday that an offer worth several million pounds is still on the table for Chansiri, which played a significant role in the EFL’s decision to withdraw the aforementioned deduction.

Storch refused to pay Chansiri 25% of the £64 million he had loaned the South Yorkshire club due to the dreadful position the disqualified owner had left the Hillsborough Stadium outfit in – and Chansiri himself was refusing to cooperate.

If the new owner had given the Thai businessman what he owed, it would have more than doubled the price he paid for Wednesday.

According to Sky, the cash Storch has offered Chansiri will be paid if the Owls are relegated to League One next season and return to the Championship immediately.

The offer has a short shelf life, as Chansiri must accept it by the end of the month, when the deal expires, and it appears to be his last chance to recoup some of his losses from the club he put into administration last year.

EFL deserves credit for eliminating Sheffield Wednesday deduction.

Chansiri has caused significant damage on Wednesday in recent months, putting a proud club and a founding member of the Premier League in jeopardy.

As a result, Owls fans will anxiously await the day when his name is no longer associated with their club, whereas Storch’s ownership has already provided the Hillsborough Stadium faithful with plenty of new optimism.

However, Chansiri’s name has once again surfaced in a significant news item about the S6 club, a sight that fans have grown tired of.

Meanwhile, the EFL deserves praise for removing the 15-point punishment, since it will help the Owls construct a brighter future in League One.

In his most recent X post, Storch thanked the EFL, writing: “I’d like to further highlight how grateful I am to the EFL for their diligence and approach in working with us to ratify all issues and achieve our target of closing by 1 May.”

That sentiment is likely to be shared by supporters.