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Inside Sheffield Wednesday’s rebuild: £9m Hillsborough works, 40 transfers and Storch’s promotion target

Sheffield Wednesday’s new ownership has detailed the scale of the rebuild at Hillsborough, including £9m of infrastructure work, 40 summer transactions and David Storch’s promotion expectations.

Stephen White
Fri, 14 Aug 2026
4 min read
Updated 14 Aug 2026
Inside Sheffield Wednesday’s rebuild: £9m Hillsborough works, 40 transfers and Storch’s promotion target

Sheffield Wednesday’s new ownership has offered its clearest picture yet of the scale of the rebuild taking place at Hillsborough, from millions being spent on the stadium to the restrictions shaping Simon Wilson’s overhaul of the first team squad.

Speaking as part of extensive access given to The Athletic, owner David Storch, chief executive David Bruce and sporting director Simon Wilson detailed just how much work has been required since Arise Capital Partners completed its takeover in May.

£9m being invested in Hillsborough

Perhaps the most striking figure is the estimated £9million currently being spent on infrastructure projects at Hillsborough.

Between 60 and 100 workers have reportedly been on site each day this summer, with Bruce describing the programme as attempting to complete “10 to 15 years of work on the stadium inside 90 days”.

The condition inherited by the new regime was stark.

Staff working in the South Stand had previously been forced to wear coats during winter because of a broken boiler, while hot water availability in the players’ dressing room had become unreliable.

The work underlines the owners’ repeated message that rebuilding Wednesday will involve considerably more than assembling a competitive League One squad.

Storch: ‘I’m all in’

Storch also offered an insight into how closely involved he has become.

Bruce estimates the American calls him seven or eight times on an average day to discuss progress, a figure Storch suggested may actually be conservative.

“If I do something, I’m all in,” Storch told The Athletic. “And I’m all in.”

His ambitions remain significant, although the experience of his first summer in charge appears to have reinforced the scale of the task.

Storch said he would be “very disappointed” if Wednesday had not secured promotion back to the Championship by the end of next season, rather than presenting promotion this year as an absolute requirement.

His longer-term ambition is clear: taking Sheffield Wednesday back to the Premier League.

Wilson expects a difficult opening period

Sporting director Simon Wilson has arguably faced the most immediate challenge.

Wednesday entered the summer with only a small number of established first-team players under contract, leading to an extraordinary level of turnover.

According to The Athletic, there have already been 40 transactions in and out of the club this summer.

Barry Bannan’s return and the permanent signing of Louie Barry have been among the standout additions, but Wilson admits assembling an almost entirely new squad creates obvious uncertainty.

He expects the opening weeks of the League One season to be unpredictable and warned that even a positive start could be followed by a dip as a largely new group settles.

“We’ve got to get used to winning,” Wilson said.

EFL restrictions remain significant

Wednesday are also rebuilding under financial restrictions agreed with the EFL.

The club can spend a maximum of £2million per season on transfer and loan fees under its two-year membership agreement, with that limit remaining in place regardless of how much is generated through player sales.

Wednesday are also operating within League One's salary cost management rules, restricting how aggressively the ownership can immediately increase the wage bill.

That explains much of the club’s focus on free transfers, carefully structured deals and longer-term squad planning.

Premier League remains the ultimate target

Wilson’s comments perhaps give the clearest indication yet of how Arise intends to approach the rebuild.

Promotion is the ambition, but not at the expense of rebuilding the foundations of the club.

“The aim of the owners is to get to the Premier League, not the Championship,” he said.

Wilson argued that reaching the Premier League in seven or eight years would not necessarily require Wednesday to be promoted this season.

It is a notable change in philosophy after years in which short-term decisions repeatedly took precedence over long-term sustainability.

Around 25,000 season tickets have already been sold, Hillsborough is undergoing its biggest programme of improvement in years, former players are being welcomed back into the club and Wednesday's history is once again being embraced.

There will almost certainly be setbacks along the way.

But three months into the Arise era, the scale of what is being attempted is becoming increasingly apparent.

Source: The Athletic

Image: swfc.co.uk