No. Mike Ashley did not take over Sheffield Wednesday. The EFL confirmed on 2 May 2026 that the club’s administrators had agreed to transfer its assets to Arise Capital Partners LLC, a consortium led by David Storch with Michael Storch and Tom Costin. The club was no longer regarded as being in administration.
Who bought Sheffield Wednesday?
Arise Capital Partners LLC became the club’s new owner after an agreement with the administrators, as confirmed by the EFL on 2 May 2026. The EFL described Arise as a consortium led by David Storch, alongside Michael Storch and Tom Costin. BBC Sport also reported the completed takeover that day and said it ended Dejphon Chansiri’s ownership (BBC Sport, 2 May 2026).
The EFL said administrators BTG had formally concluded an agreement to transfer the club’s assets. It also confirmed Sheffield Wednesday was no longer regarded as in administration. That completed transaction, rather than earlier reports about possible bidders, is the confirmed outcome.
What was Mike Ashley’s role?
Ashley was reported as a prospective buyer during the administration sale process. On 5 March 2026, The72 reported that he was expected to lodge a revised bid after an earlier preferred-bidder process failed (The72). That report described an expected action; it does not establish that the bid was submitted, accepted, or led to a deal.
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There is no basis in the available confirmed ownership announcements to say Ashley completed the takeover. The EFL’s later statement identifies Arise Capital Partners as the buyer. The available information does not establish Ashley’s private intentions after the sale was completed.
How the takeover story unfolded
| Date | What happened |
|---|---|
| 24 October 2025 | The EFL said it had received formal notice that Dejphon Chansiri had taken steps to appoint administrators to Sheffield Wednesday and the company that owns Hillsborough. The league said administration triggered an automatic 12-point deduction under its regulations. (EFL statement) |
| 5 March 2026 | The72 reported that Ashley was expected to lodge a revised bid. This was a report of an anticipated bid, not confirmation of a completed or accepted offer. |
| 2 May 2026 | The EFL confirmed the asset-transfer agreement with Arise Capital Partners and said the club was no longer regarded as in administration. BBC Sport also reported the completed takeover. |
| 2 June and 16 July 2026 | Companies House filing history lists an administrator’s progress report filed on 2 June and a creditors’ meeting result filed on 16 July. These are follow-up administration records, not substitutes for the EFL’s confirmation of the new ownership (Companies House). |
Why the administration mattered to supporters
Entering administration in October 2025 brought an automatic 12-point deduction, according to the EFL’s statement at the time. The club’s financial and ownership situation was therefore not simply a question of which prospective buyer might emerge: the sale process followed formal administration and involved the transfer of club assets.
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In its May 2026 announcement, EFL chief executive Trevor Birch described the period before and after administration as “an extremely testing time” for the club, particularly its players, coaching staff, employees and supporters. The league’s statement marked the transition to new ownership, while subsequent Companies House filings recorded further steps in the administration process.
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