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Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →John McEvoy’s reported link-up with the Storch family was a possible development in Sheffield Wednesday’s sale process—not a completed takeover. On 2 May 2026, Arise Capital Partners completed the purchase. The consortium was led by David Storch and included Michael Storch and Tom Costin; McEvoy was not named as a member.
What was the McEvoy takeover twist?
On 6 December 2025, BBC Radio Sheffield reported discussion of a possible alignment between American businessman John McEvoy and members of the Storch family. The report described two interested parties potentially merging; it did not establish that they had made a formal joint bid or completed a deal. BBC Radio Sheffield’s December report discussed the scale of investment the club might need, including work at Hillsborough and the training ground. Those estimates were not presented as audited club figures.
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The distinction matters because the eventual buyer was a different named group. In a later BBC interview, David Storch said his bid was partnered with Tom Costin. The completion announcement identified Arise Capital Partners, led by Storch and including his son Michael and Costin. Storch’s account of the bid and BBC’s completion report do not name McEvoy as a member of the final consortium.
Who bought Sheffield Wednesday?
Arise Capital Partners completed its purchase of Sheffield Wednesday on 2 May 2026, ending Dejphon Chansiri’s ownership. BBC reported that the group was led by David Storch and included Michael Storch and Tom Costin. Costin had football investment experience through Blue Crow Sports Group.
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That completed transaction—not the December possibility involving McEvoy—is the outcome to use when describing the club’s ownership as of May 2026.
How the sale process unfolded
| Date | Development | Why it mattered |
|---|---|---|
| 24 October 2025 | Sheffield Wednesday entered administration. | The club received an immediate 12-point deduction, followed by a further six points for payment-related breaches. BBC’s account of the takeover describes the administration and sporting fallout. |
| 6 December 2025 | BBC Radio Sheffield reported discussion of a possible McEvoy–Storch alignment. | It was a reported possibility during the sale process, not confirmation of a completed partnership. BBC Radio Sheffield. |
| 22 February 2026 | Wednesday’s defeat at Sheffield United confirmed relegation to League One with 13 games still to play. | Relegation came amid the club’s financial and ownership uncertainty. BBC’s later account. |
| 25 February 2026 | A takeover led by James Bord collapsed; Storch returned to the process and reached a deal with the administrators. | The eventual Arise transaction followed the failure of an earlier bid. BBC’s later account. |
| 11 March 2026 | BBC reported Arise as preferred bidder and described a creditor-repayment issue. | The report said the offer did not meet the EFL’s reported 25p-per-pound unsecured-creditor threshold, raising the prospect of a 15-point deduction in the next season if the deal proceeded on those terms. BBC’s March report. |
| 2 May 2026 | Arise Capital Partners completed the purchase. | BBC reported that the EFL would not impose the prospective 15-point deduction after the club exited administration. Budget restrictions remained for two seasons, though Wednesday was permitted to sign players. BBC’s completion report and BBC’s report on the restrictions. |
What the financial and sporting consequences were
Points penalties and relegation
The administration brought an immediate 12-point penalty, with six more points imposed for payment-related breaches. The club’s defeat to Sheffield United on 22 February 2026 confirmed relegation to League One. These were separate developments from the later prospective 15-point deduction tied to the creditor repayment threshold.
Creditor repayment and the threatened further deduction
In March 2026, BBC reported that Arise’s offer did not meet the EFL’s reported requirement of 25 pence per pound for unsecured creditors. On the terms then described, Wednesday faced a possible 15-point deduction in the next season. After the purchase completed and the club exited administration, BBC reported that the EFL would not impose that deduction.
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Budget restrictions after completion
The removal of the prospective deduction did not mean an end to all constraints. BBC reported that budget restrictions would remain for two seasons, while the club was still allowed to sign players. The available reporting does not specify the detailed mechanics of those restrictions.
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Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Why the McEvoy claim should be kept in context
- What was reported: a possible alignment between McEvoy and the Storch family in December 2025.
- What was completed: Arise Capital Partners’ purchase on 2 May 2026, with David Storch, Michael Storch and Tom Costin named in the group.
- What is not established by these reports: that McEvoy made a formal bid, joined Arise, or became a Sheffield Wednesday owner.
- What should not be inferred: speculative investment estimates discussed during the sale process are not audited club figures, and a wealth label or net-worth figure for McEvoy is not established by the cited reporting.
What the takeover means for Wednesday supporters
The immediate ownership uncertainty ended with Arise’s completed purchase, but the club remained in League One and under budget restrictions for two seasons. Independent Football Regulator chair David Kogan called the deal “good news for Sheffield Wednesday FC, the community and the fans who have endured such a long period of uncertainty,” as reported by BBC Sport on 2 May 2026. BBC Sport’s completion report.
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