May 2 (Reuters) - Sheffield Wednesday are ⁠no longer in administration after the Championship (second-tier) club confirmed the completion of ⁠their sale to Arise Capital Partners on Saturday while the Football ‌League opted not to impose a 15-point penalty.

The consortium, led by David Storch, Michael Storch and Tom Costin, completed the takeover, with the Football League (EFL) confirming the club had met all requirements to ​exit administration.