David and Michael Storch and Tom Costin met with members of the Sheffield Wednesday Supporters’ Trust to outline their plans to take the club forward.
The Sheffield Wednesday Supporters’ Trust has confirmed it met with key members from the Arise Capital Partners LLC group on Tuesday ahead of them being officially announced as the new preferred bidder to buy the club.
The Owls, late on Tuesday evening, confirmed Arise Capital Partners are now in pole position to complete a takeover at Hillsborough after reaching an exclusivity agreement. The group is being led by David Storch, Michael Storch and Tom Costin.
The trio held talks with senior Wednesday officials ahead of Tuesday night’s draw with Watford at Hillsborough, including manager Henrik Pedersen and captain Liam Palmer. David Storch and Costin were pictured watching the game from the directors’ box.
Although their bid has fallen short of satisfying the 25p in the £ rule to pay creditors, meaning Wednesday are set to be hit with a 15-point deduction for the start of next season, there is understood to be plenty of optimism that the Storch-Costin group will get through the regulatory English Football League checks without any fuss, meaning the deal could be finalised relatively swiftly.
The Wednesday Supporters’ Trust has now revealed they had discussions with David and Michael Storch and Costin, confirming they outlined their plans to take the Owls forward and expressed plenty of passion and interest.
Wednesday Supporters’ Trust encouraged by initial talks
A statement issued by the Trust on Wednesday morning said: “The Trust are grateful to David and Michael Storch and Tom Costin for meeting us yesterday. They spent time outlining their plans for the club and asking for our views on a range of issues.
“The meeting was very positive and we found the Storch-Costin group warm and engaging, passionate and interested. Having been announced as the preferred bidders, we wish them well in their engagement with relevant authorities in the coming weeks.
“We look forward to working with them as owners of the club in the near future. A full members’ update will be emailed shortly.”
Following confirmation of Arise Capital Partners being installed as the new preferred bidder, David Storch commented: “We are thrilled and excited to take this important step toward stewardship of this historic football club.
“As we continue through this process, we are looking forward to working with the local community, engaging transparently with fans and embarking together on this journey to restore Sheffield Wednesday to its rightful place.
“We are absolutely committed to delivering a brighter future for our fans and bringing joy back to Hillsborough.”
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