As revealed in this morning's press conference at Hillsborough, Sheffield Wednesday have today been formally acquired by Thai businessman Dejphon Chansiri.
This morning Mr Chansir, and outgoing Wednesday Chairman Milan Mandaric, announced that they have signed all relevant documentation in front of the assembled media, transferring control of the club.
Chansiri takes charge
Milan Mandaric took time and spoke briefly but emotionally, before a ceremonial transfer of the club to Mr Chansiri.
“Straight away after meeting Chansiri, I knew I was dealing with a winner,” he said, as per the club's official website.
“He will be a top chairmen for this club.”
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Chansiri then addressed the media through a translator, revealing that he purchased the club for £37.5 million and that the club is now debt free with no loan charges held against Hillsborough Stadium.
Chansiri addresses media
Addressing the assembled media for the first time, Mr Chansiri said: “Everywhere I go in England, I see the importance of Sheffield Wednesday. It is a club with a rich history, has a passionate group of supporters who support the club through thick and thin.”
The new Chairmen also revealed he hopes to have Wednesday in a position to celebrate the 150th year of the club in the Premier League in 2017/18. “We are looking at making the necessary improvements to get the club back in the Premier League.”
Asked about current manager Stuart Gray, new owner and chairman, Chansiri said: “Stuart Gray is a good man and very knowledgeable. I’m very happy with the job he is doing and I give him my full support.”
Chansiri calmed the nerves of those who feared a haphazard approach to new business.
“At the end of the season we’ll evaluate the players and market in consultation with the manager. I believe there needs to be investment but it is not wise to just throw money at the club. Milan will remain a trusted advisor in the future.”
During the press conference it was revealed that Paul Aldridge will remain as CEO, but the new owners will bring a group of trusted advisers from Thailand to assist with the running of the club. He also revealed plans to establish a Sheffield Wednesday academy in homeland Thailand and to potentially bring the best players over to train in Sheffield.
So now, lets hear your thoughts on the Chansiri takeover of Wednesday. Let us know your thoughts in the comments box below...