Taking on Sheffield Wednesday would be a significant challenge. It is a club that has not been in the Premier League for 25 years.
In that period they have been relegated to League One three times and, given their points deductions in the Championship this season, they will almost certainly make that four.
But Storch has said he has done his homework and has a clear strategy should he take over the club.
“You’ll see that we have a blueprint for proper governance, fan engagement, financial stability, sustainability and football strategy,” he said.
“I’ve bought into it 100% and I’ve insisted that all of my partners here, all of my team that’s surrounding me, that they buy into that as well.
“I think the academy is critical to our strategy. We’ll look to make improvements there so that players can have the right environment in which to train.”
There had been talk of Storch joining forces with another American businessman, John McEvoy – but he revealed his bid for Wednesday has been made in partnership with Tom Costin, the co-founder and managing partner of Owl Ventures.
The company, whose name is a coincidence and not linked to Wednesday’s nickname, describes itself as “the largest venture capital firm in the world focused on education technology with over $2 billion assets under management”.
Costin is an investor with the Blue Crow Sports Group – a multi-club football ownership and investment platform with controlling interests in French club Le Havre, Spanish side CD Leganes and Cancun FC in Mexico. Costin is also a board director at Le Havre.
“We recognise that this is a long journey – this is not a short term fix,” Storch added.
“We have confidence between Tom and I, that between us, we have enough capital to get this thing going, and our plan is that as we sustain the team, and as we start making progress on the pitch, get back up in the Championship, it will be possible for us to go ahead and raise additional capital.
“I’m not doing this to own a football club. I’m doing this to make a difference. I want to give people something to feel proud about.”
