How did Sheffield Wednesday avoid 15-point deduction?

How did Sheffield Wednesday avoid 15-point deduction?To play this video you need to enable JavaScript in your browser.This video can not be playedFigure caption, Selling Sheffield Wednesday - watch the story of the club's desperate fight for survivalByDale JohnsonFootball issues correspondentPublished2 minutes agoCommentsSheffield Wednesday's supporters had accepted their fate some time ago. Not just relegation from the Championship, but also starting next season in League One on -15 points. That deduction seemed set in stone because Arise Capital Partners, who on Saturday completed a takeover of the beleaguered South Yorkshire club, were not going to meet obligations to pay unsecured creditors.The EFL's insolvency policy required those debts to be settled to 25p in the pound, but the offer from Arise had fallen well below that level.So, on top of the 18 points deducted this season for entering administration and other financial breaches, the Owls looked likely to start next season adrift at the foot of the third tier. Even so, a sell-out crowd - dressed in a Honolulu party theme - flocked to Hillsborough for Saturday's 2-1 win over West Brom.The fans were there to herald the new ownership, a consortium led by David Storch, his son Michael and Tim Costin. Supporters were told to get into the ground early - and were not disappointed. After the group had been introduced, the big screen changed to show "-15" points, then ticked on to -14.As the countdown continued, the Wednesday fans cheered louder and louder. And then it reached zero.Out of nowhere, the Owls had two huge reasons to celebrate - new owners, and no points deduction.But how did they pull it off?Owls turn to sports legal expert De Marco On 15 April, had David Storch put out a statement which left fans fearing the worst. The American businessman said the 15-point penalty was "set to be imposed" and a request for arbitration had been "refused" by the EFL. The...