David Storch has already made his first mistake at Sheffield Wednesday before takeover is done

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Credit: Imago, BBC Fri 3 April 2026 8:00, UK David Storch looks set to become Sheffield Wednesday’s new owner and has already made a mistake in trusting Henrik Pedersen to help rebuild the club after Championship relegation.Storch is leading the Arise Capital consortium that has been named as Wednesday’s preferred bidder in the last few weeks.They are edging ever closer to completing a takeover, becoming the new owners, and finally closing a turbulent chapter in the club’s history that many fans will want to forget in a hurry.Wednesday have struggled massively on the pitch this season due to their off-field woes, after their squad was decimated last summer and Danny Rohl decided to leave.Henrik Pedersen has had a pretty thankless task in overseeing a thin squad lacking in quality, but has not helped himself and is fortunate to have the backing of the Owls’ prospective new ownership.David Storch may regret backing Henrik Pedersen to stay at Sheffield WednesdayAccording to a new report from The Star, Pedersen is set to continue as Wednesday’s manager next season if Storch and Arise do complete a deal to become their new owners. MORE FOOTBALL INSIDER STORIES The pair spoke together about the future earlier this week, with Pedersen given assurances that he will remain in charge as they return to League One.DateFixture3 AprilStoke City (a)6 AprilLeicester (H)11 AprilCoventry (a)18 AprilCharlton (H)22 AprilMiddlesbrough (a)25 AprilOxford United (a)2 MayWest Brom (H)Sheffield Wednesday’s remaining fixtures this seasonThe Danish boss has insisted that he would “love” to stay at Hillsborough after this season, but numerous signs point to why he should be let go this summer.They have had to contend with so many issues this season, but their record in the league this season has been very poor, regardless, with just one win from 39 league games so far.There is a clear feeling among fans that he has not been tactically astute enough in key moments to help them garner a few more points here and there, with the reaction to this latest update online showing clear proof of such discontent.Pedersen is an inexperienced manager, with his previous spells at the helm coming with two Danish second-tier clubs, a second-tier Norwegian club, and German third-tier side Eintracht Braunschweig, where he was sacked after five months in charge.He has led the club with integrity and been a strong figure in the face of adversity over the last nine months, but has shown next to nothing in terms of tactics or results that prove that he should be given this chance.It is unclear how much Storch or his advisors are clued up about other bosses that they could potentially appoint, as the Wednesday job will still be a very sought-after one under new ownership.There will be added pressure on Pedersen to almost instantly turn results around in League One and oversee a positive season, meaning backlash will be more vociferous if he doesn’t.The decision to keep him on is an understandable one, given how much is set to change at the club in the next few months, but still feels like a mistake that Storch could well regret if he does take over.When is Storch’s takeover deal set to be completed?The Arise Capital group have been in talks with the EFL for over a month now, with Storch in Sheffield this week to connect with Wednesday staff and keep building his knowledge of the club.Speaking to Football Insider in the last week, former Everton CEO Keith Wyness has slammed Wednesday’s administrators for how slowly the takeover process has taken.The Star’s latest report states that there is still a lot of work to be done, but Storch reiterated his desire to complete a takeover deal by 1 May when speaking to employees at Hillsborough. 🏆 Championship Insider Access Get the full story from across the EFL with our dedicated expert hubs: Updated 24/7 with expert analysis from across the EFL Championship.