Finance expert jokes about brokering Storch deal to buy Sheffield Wednesday - 'I've got Chansiri's details'

Sheffield Wednesday’s prospective owner David Storch must agree a deal with Dejphon Chansiri to avoid the club landing a 15-point deduction next season.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider it’s “too late” for the US billionaire to be calling on the EFL not to hand the Championship side another penalty.

Arise Capital Partners, which comprises Storch, his son Michael and Tom Costin, was granted preferred bidder status to seal a takeover at Hillsborough last month.

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

The situation isn’t going to get any easier after Storch has confirmed Sheffield Wednesday will be deducted 15 points at the start of next season.

Why David Storch has left points deduction argument ‘too late’

In a statement last week, Storch said his group wants the EFL to recognise the “unique” nature of Sheffield Wednesday’s situation, adding that they “fundamentally disagree” with the decision.

The 15-point penalty will be enforced due to Arise’s offer not meeting the league’s requirement to repay creditors 25p in the pound, with former owner Chansiri needing to be paid £15million of the £60m he loaned the Owls to avoid a points deduction.

Speaking exclusively to Football Insider, Borson discussed Storch’s statement and the way forward for the prospective Sheffield Wednesday owner.

“He’s got to do whatever he can do to build pressure on the EFL to not give them a 15-point deduction, but I don’t think it’s going to work,” said Borson.

“This has been on the table since the start of the process. We have spoken about it. I spoke on radio about it. Simon Jordan spoke extensively about it in the deal that we were both involved in. It’s there in the rules.

“The EFL believe they have to deduct 15 points. You can say whatever you like, but it doesn’t really make sense to start saying this is ridiculous now. It’s just too late.”

How Storch can agree deal with Dejphon Chansiri

Borson insisted Chansiri could agree a deal that sees him earn some more of his money back if he negotiates with Storch.

“Apparently, it’s very difficult to get hold of Chansiri and difficult to deal with him,” said Borson.

“They need to find people who can do that. If Storch can’t do it, they need to find people who can. 

“I’ve got Chansiri’s details. I’ll try and break a deal if they like. I’m not making any promises, but it can’t be that difficult. He’s not going to get any more money by not doing a deal. 

“All he’s doing is basically spite. He can make it more valuable for him. He can put some earn outs in such that if they get in the Premier League, then he can get a nice bonus on the back of it and try to recover some of the money that he’s lost.”

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