Sheffield Wednesday: Close to Thai-ing up Owls takeover

A Thai consortium sat in the directors' box watching the Birmingham draw alongside Owls chairman Milan Mandaric.
A Thai consortium sat in the directors' box watching the Birmingham draw alongside Owls chairman Milan Mandaric.
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Sheffield Wednesday are poised to write a new chapter in their history as a Thailand group are closing in on a takeover of the Championship club.

The Thai consortium, rumoured in some quarters to be the Thai Union Group, who own John West Foods, have been in discussions with the Owls for some time regarding a reported £30m buyout.

And The Star understands those talks have gone so well that Wednesday’s future could be decided within the next 24 hours.

Representatives of a Thai consortium watched Wednesday’s goalless draw with Birmingham City in midweek. They have also met with chairman Milan Mandaric, vice chairman Paul Aldridge and head coach Stuart Gray in person to discuss their vision for the club.

In Tuesday’s Star, Mandaric, who purchased the Owls in late 2010, rescuing the club from possible administration, said that discussions were “progressing well” but stressed there were still some “issues” to be resolved. It now appears those stumbling blocks have been rectified.

Mandaric said: “People have to be patient and wait for me to bring something to a tangible level and we will take it from there,

“It’s got to be right for the club. If it’s not, the deal won’t be done.”

Mandaric has always stated he would be prepared to step aside should a serious investor come in who can speed up their attempts to get back into the top flight following a 15-year absence.

He agreed to sell the club to Azerbaijani businessman Hafiz Mammadov last summer but the deal collapsed in September.