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Sheffield Wednesday’s takeover boosts Premier League promotion bid

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Sleeping Championship giants Sheffield Wednesday can see the light at the end of the tunnel after a £30million takeover by Thai businessmen was announced last week.

The new owners, a consortium led by businessman Dejphon Chansiri, have acquired a 100% stake in the club from previous owner Milan Mandaric. Chansiri's family own the Thai Union Frozen Group, the world’s largest producer of tuna as well as one of the biggest worldwide general seafood producers.

Their personal wealth is only speculation but the fact that the Thai Union Frozen Group have an annual turnover of £3.6 billion is an eye opener in itself. As Chansiri is part of a consortium that has taken over the club the joint wealth of those involved could be a mind-boggling figure.

Rich investors

Even before the deal had gone through the new Thai owners had helped secure the loan deals for Manchester United's Will Keane and Chelsea's Lewis Baker, players with a huge future ahead of them. They are important additions to the side at an important time of the season.

The Hillsborough club will hope that the takeover can put an end to years of financial troubles and, more importantly, under-achievement on the pitch.

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Caution advised

Wednesday's long-suffering supporters are rightly excited by the takeover but will also be very cautious as they have had too many false dawns over the years. However, they have no reason to doubt this deal. They must remain patient though as the new owners are businessmen after all and will not throw money at the club if it is not worthwhile.

The early nineties, when the Yorkshire-based club were challenging for the title and making regular appearances in cup finals, seem a long time ago now, but those days could return if all goes to plan.

Outgoing owner Mandaric deserves huge praise for his tireless work at the club over the last four years and he has always said that he would only sell if the right deal came along. He has been true to his word and Wednesday supporters can only be grateful for that.

Plans for the future

The January transfer window may have closed too early for the Hillsborough club but the new Thai owners will be planning for a big spending spree in the summer which could see The Owls make an assault on automatic promotion next season.

However, all is still not lost this season as they currently sit in tenth place in The Championship, nine points behind sixth placed Watford. Wednesday supporters will have been more than happy with this position at the start of the season but now they will want to push on and perhaps challenge for the play-offs during the remainder of the season.

Deadline day could see a few more signings making their way to Hillsborough as the owners look to make their intentions known.

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Topics:
Football
Sheffield Wednesday
Premier League
Championship

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