Sheff Wed to be docked 15 points if deal completed

"Administrators have begun an exclusive period of negotiation with American private equity company Arise Capital Partners. However, Arise's offer would not meet the EFL's requirement to repay creditors 25p in the pound, which would mean the Owls starting life back in League One with a significant handicap."

"Dejphon Chansiri, their main creditor, is understood to have loaned the club 60m in more than a decade as owner, and must be paid back 15m of that if the Owls are to avoid a points loss."

"Arise have put up a "substantial deposit" for the deal and evidence of funds to complete the takeover, including to cover the club's losses for eight weeks, allowing them to continue trading. The takeover is now subject to EFL scrutiny."

Sheffield Wednesday's administrators have entered exclusive negotiations with American private equity firm Arise Capital Partners for club ownership. The proposed deal would result in a 15-point deduction for next season in League One because it does not satisfy EFL requirements to repay creditors 25p in the pound. Main creditor Dejphon Chansiri loaned the club £60m over more than a decade and must receive £15m repayment to avoid the points penalty. Arise has provided substantial deposit and funding evidence, including eight weeks of operating costs. The takeover follows the collapse of a £47.8m deal led by poker player James Bord. Former Newcastle owner Mike Ashley also submitted a bid. The Supporters Trust expressed positivity about the Storch brothers and Costin as potential owners.

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