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Did Mike Ashley Take Over Sheffield Wednesday? What Happened After the 2026 Takeover Talk

Mike Ashley was reported as interested in Sheffield Wednesday, but Arise Capital Partners completed the club’s acquisition in May 2026.
From TheFinanceBase Team1 min to read
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No. Mike Ashley was reported as one of three interested parties in Sheffield Wednesday on 26 February 2026, but he did not complete a takeover. Arise Capital Partners, led by David Storch, bought the club in May 2026.

What was reported about Mike Ashley?

On 26 February 2026, Sky Sports reported that a consortium led by James Bord had withdrawn from the sale process and that Ashley was among three parties still interested in buying Sheffield Wednesday. That was a report of interest at that point—not confirmation of an offer, an agreement, or a completed purchase. Sky Sports’ report

Who ultimately bought Sheffield Wednesday?

Arise Capital Partners became preferred bidder

On 10 March 2026, Sheffield Wednesday named Arise Capital Partners LLC its preferred bidder and announced an exclusivity agreement. The club identified David Storch, Michael Storch and Tom Costin as members of the consortium. A preferred-bidder announcement marked a stage in the process, not completion of the sale. The club’s announcement

The acquisition was completed in May

Arise Capital Partners completed the acquisition in early May 2026. BBC Sport reported on 2 May that the deal ended Dejphon Chansiri’s ownership; the administrators subsequently confirmed the sale to the consortium led by David Storch. BBC Sport’s completion report The administrators’ notice

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What happened to the proposed 15-point deduction?

After the club exited administration, an additional 15-point deduction had been in prospect. The EFL waived it, and the administrators said Sheffield Wednesday would start the upcoming season on zero points. Sky Sports’ report on the EFL decision The administrators’ notice

What is known about the “massive news” reaction?

The available reporting does not establish who said “This is such massive news,” the full context of the remark, or when it was published. Without the original article or a verifiable transcript, that reaction cannot be reliably attributed to a named pundit.

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