Sheffield Wednesday: Henrik Pedersen will fear the worst amid David Storch takeover latest

Below is a summary of the full article. Click here for the full version from Football Insider or go back to LFC Live.

Credit: Imago, BBC Fri 1 May 2026 11:15, UK Sheffield Wednesday manager Henrik Pedersen should be fearful of losing his job after relegation from the Championship as David Storch and Arise Capital edge closer to a full takeover of the club.Arise are expected to complete their takeover of the Owls by the end of Friday as a long-winded process finally reaches its latter stages. Wednesday fans will be rejoicing at the arrival of new ownership and a definitive end to Dejphon Chansiri’s involvement with the club, but manager Pedersen may be apprehensive to celebrate.The 48-year-old has led his side to just one win in 45 Championship matches this season, with many supporters questioning whether he should have done better despite very limited resources.Pedersen is set to lead his team out for their final second-tier outing against West Brom this weekend, but could well be relieved of his duties afterwards if Storch wants to start completely anew.Henrik Pedersen could be relieved of his duties by David Storch after dismal recordThe Star have revealed that only some intricacies of legal paperwork need to be completed before Arise’s takeover is confirmed.

MORE FOOTBALL INSIDER STORIES The deal is expected to be completed by the end of 1 May, with Storch set to be present at Hillsborough for the official announcement.Games managedWinsDrawsLossesWin percentage49114342%Pedersen’s managerial record at WednesdayStorch has previously insisted that he has full faith in Pedersen, but the Owls’ dismal record this season should mean that his position is thoroughly reviewed ahead of the summer.Wednesday’s squad has been severely depleted throughout this season, but they do still have some quality in their ranks, and one win in nigh on 50 games should not be acceptable at any level.They need a win against West Brom to end the campaign on zero points, but have only picked up seven points in 22 league matches on home turf this season.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 year, but has shown next to nothing in terms of tactics or results that prove that he should be given a chance in League One.Storch may not be massively clued up on what it takes to succeed in the third tier of English football quite yet, but purely going off Pedersen’s record, he may look to go back on his previous claim and dismiss the Dane soon with best wishes for the future.What has Pedersen said about his future at Hillsborough?Former Everton and Aston Villa CEO, Keith Wyness, has told Football Insider that he expects Arise to spark an “amazing” club rebuild as soon as they are confirmed as the Owls’ new owners.Pedersen could well be moved aside to make way for a more experienced manager, but he has insisted that he expects to stay at the club beyond this season.Speaking to BBC Radio Sheffield last month, he said: “I have a contract for two more years. I’d love to stay here, and we have some really good conversations.“So I do all that I can to prepare Sheffield Wednesday in the best possible way for a season in League One.“And this is to plan the whole pre-season, make profiling for the scouting, to get an overview for all the free transfers in League One, in the Championship.

There is a lot to do and we help each other here.”The Dane is clearly keen to stay on, but his job should certainly be under threat, and it would not come as a shock to see Arise let him go to start a new era 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.