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Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteNo confirmed takeover by Mike Ashley followed the March 2026 report that he was expected to make a revised offer for Sheffield Wednesday. The club instead chose Arise Capital Partners as preferred bidder on 10 March, and Arise completed the acquisition in May. The report did not establish whether Ashley submitted the anticipated revised bid.
What did the March report say about Mike Ashley’s bid?
A 5 March 2026 report by John Percy, published by Yahoo Sports, said Sheffield Wednesday’s administrators were expecting final offers before the weekend and that Ashley was likely to lodge a revised bid on Friday. It also reported that Ashley had made an earlier offer of about £20 million to Begbies Traynor on 25 November. Those were reported claims about the sale process, not confirmation of a final offer or a completed transaction. Read the 5 March report.
The same report named American businessman David Storch as another leading prospective buyer. It quoted a statement attributed to Storch saying his group remained interested and was ready to step in if the opportunity arose. That expression of interest was distinct from becoming the successful buyer.
Who became Sheffield Wednesday’s preferred bidder?
On 10 March 2026, Sheffield Wednesday announced that Arise Capital Partners LLC had been selected as preferred bidder and had entered an exclusivity agreement. The club identified the group as comprising David Storch, Michael Storch and Tom Costin. The club also said the offer was below the amount required to repay creditors 25 pence in the pound. See the club’s sale-process update.
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Preferred-bidder status meant Arise was proceeding through an exclusive stage of the sale process; it was not itself confirmation that the transaction had closed. The later EFL and administrators’ announcements confirmed that outcome.
When did the takeover complete?
On 2 May 2026, the EFL said the administrators had formally concluded an agreement with Arise for the transfer of the club’s assets. It said Sheffield Wednesday met league requirements and was no longer in administration. Begbies Traynor, the joint administrators, confirmed completion of the sale on 5 May. Read the EFL announcement and the administrators’ completion notice.
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What happened to Sheffield Wednesday’s points deductions?
The points penalties relate to two separate stages. The EFL said the club received an automatic 12-point deduction when it entered administration on 24 October 2025. When it confirmed the club’s exit from administration on 2 May 2026, the EFL said it would not impose a further 15-point deduction. The decision not to add that further penalty did not cancel the earlier 12-point deduction. The EFL’s October 2025 statement describes the entry into administration and initial deduction.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Did Ashley submit the revised offer?
The cited 5 March report forecast that Ashley was likely to make a revised offer, but the subsequent official club, EFL and administrator announcements establish Arise’s selection and completed acquisition—not whether Ashley submitted that offer. On the available record, that specific point remains unconfirmed. An expected bid should not be treated as equivalent to an accepted offer or completed takeover.
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