(Credit: Imago/Manh Tung - Breaking Media)

James Murray

Wed 13 May 2026 13:52, UK

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Sheffield Wednesday owner David Storch is going to have to spend an “absolute fortune” on improving the infrastructure at Hillsborough. 

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider the Owls will also need to overhaul their squad following their relegation from the Championship.

It was confirmed on 2 May Arise Capital Partners, which comprises Storch, his son Michael and Tom Costin, has completed its takeover of Sheffield Wednesday.

The South Yorkshire giants have been relegated to League One, having been deducted 18 points for breaching the EFL’s regulations after going into administration.

However, the EFL confirmed Sheffield Wednesday will not be deducted a further 15 points next season after former owner Dejphon Chansiri failed to engage with offers for the club. 

Why David Storch must ‘spend quickly’ at Sheffield Wednesday

Storch has various issues to deal with after completing his takeover following the serious financial issues Sheffield Wednesday have faced in recent times. 

However, avoiding the 15-point penalty is a major positive for Henrik Pedersen’s side heading into next season. 

Speaking exclusively to Football Insider, Borson discussed the challenges Storch is facing after taking over at Hillsborough.

“They seem to have managed to stave off some of the restrictions on transfers and wages, which is a positive to an extent, but it is also going to ramp up the pressure on the new owners to spend and spend quickly,” said Borson.

“That in itself is going to quickly become a problem. They’ve got a lot of goodwill when you buy the club in the way that they have. When you talk the game that they’ve talked, you’ve got to build up goodwill. 

“They need to do the spending in a phased way. They’ve got a lot to spend. The stadium, the infrastructure and the training ground is all going to cost them an absolute fortune, so all of that has got to be prioritised.” 

Why Sheffield Wednesday are facing squad rebuild

Borson insisted Sheffield Wednesday’s new leadership team will face various challenges over the coming months as they look to take the club forward. 

“They’re bringing in a whole new executive team,” said Borson.

“When you buy a business that’s been in distress for as long as that’s been in distress, everything is going to need money spent on it. 

“The toilets will be in a state, the stands will be in a state, the painting will be in a state, everything will need money. At the same time, they’re basically going to rebuild on the field.

“They’re going to probably rebuild most of the team. Loads of the players are out of contract or have left, so they’ve got a huge job just getting the side ready for next season as well.”