Sheffield Wednesday takeover completed

The Owls announced today that Milan Mandaric had completed the sale of his 100 per cent shareholding to Mr Dejphon Chansiri, whose family own one of the biggest worldwide sea-food firms.

Chansiri, who had already provided the funds to bring in Will Keane and Lewis Baker on loan this month, will formally take charge once League ratification has been received.

He said: “I am very excited at the prospect of taking over control from Milan.

“I believe this club has huge potential and I can assure all our supporters that I will be working extremely hard to bring the success that I already sense from my short time in your city our supporters so desperately crave.”

The deal will bring to an end Mandaric’s reign at Hillsborough, during which time he rescued the club from financial ruin and then led the Owls out of League One.

Mandaric, who last year saw a deal to sell the club to Azerbaijani businessman Hafiz Mammadoz collapse at the eleventh hour, added: “From the first time I met Dejphon, I felt he was the right person for this fantastic club.

“Hiis business expertise and passion made him stand out from the other interested parties that I have spoken to since I announced that Mr Mammadov could no longer fulfil his obligation to purchase the club.”

Chansiri is a businessman in Thailand whose family control the Thai Union Frozen Group, the world’s largest producer of tuna as well as one of the biggest worldwide general seafood producers.