Sheffield Wednesday’s prospective owner, David Storch, has yet to finalize his ownership of the Hillsborough club, but he is already expected to face huge challenges next season.

The Owls have been docked 18 points this season due to former owner Dejphon Chansiri’s financial mismanagement, which forced them into administration.

Wednesday’s inevitable relegation from the Championship to League One was sealed when they were trounced 2-1 by Sheffield United in the Steel City Derby last month, adding insult to injury in an already terrible season.

However, David Storch’s status as the South Yorkshire club’s chosen bidder has sparked cautious hope among Owls fans, who are expecting for a far more stable future.

Sheffield Wednesday prospective owner David Storch, accompanied by a football finance expert, will undertake crunch negotiations with Dejphon Chansiri

Even though Wednesday were thrown under administration earlier this season, many were relieved to see the end of Chansiri’s contentious ownership.

However, prospective owner Storch may be best served by speaking with the Thai investor, given his Owls bid fell short of the 25p in the pound required to settle creditors and avoid a 15-point deduction the next season.

Speaking live on talkSPORT on Tuesday, football finance specialist Stefan Borson said: “Nobody is going to pay the 25p in the pound.

Storch has a two-pronged approach.One, you approach Chansiri and try to persuade him that, notwithstanding, he will receive zero for the unsecured obligations. Consider negotiating a deal with him to wipe off the debts, allowing them to claim that the football club has no unsecured creditors except for agency fees and other expenses.

“They’ll pay those, which gets them clear of the 15 points for next season, making it easier to live with the wage caps and individual wage caps that are likely to come next season, as well as the transfer ban.”It will be easier because they will have 15 additional points.

The administration arrangement between Sheffield 3, the stadium’s owner, and the football club does not negatively impact Chansiri.The stadium is outside the EFL’s control zone. They can mix and match where the money is sent.

“It could benefit both Chansiri and Sheffield Wednesday, as they would lose zero points.”Chansiri is receiving nothing, therefore they must appeal to his better nature. I have spoken with some of the intellectual people who surround him. They are open to a chat.”Storch has engaged lawyer Nick De Marco,

who would likely contest any punitive rulings made by the EFL.They have a two-pronged approach, but I believe their greatest shot is to get in front of Chansiri and persuade him to see reason.”

David Storch’s agreement is the least Dejphon Chansiri can do for Sheffield Wednesday.

According to Sky Sports, the fact that creditors must be paid 25p in the pound means that Chansiri was supposed to receive £15 million of the total £60 million owed to him as a result of his previous loans, but the scale of Storch’s bid implies that such money will not be forthcoming.

Wednesday supporters, on the other hand, will be adamant that their club owes nothing to their former owner, since they face a difficult task of regaining promotion to the Championship for the first time next season as a result of his serious financial mismanagement.

Chansiri has caused long-term damage to the Owls and should feel obligated to write off the debts, as Borson suggests, but whether that happens is another matter, and given the size of the bid, it’s difficult to see the maligned Thai businessman doing anything to prevent the 15-point deduction.

The points deduction will not be insurmountable, as Leeds made the play-offs in 2008 despite receiving the same pre-season punishment in the third tier, but it will make things slightly more difficult than they could be for Storch and co. to guide the Hillsborough outfit back to the Championship as quickly as possible.