Shock Dejphon Chansiri revelation emerges after Sheffield Wednesday takeover completion

Sheffield Wednesday's ownership nightmare was brought to an end on Saturday when they announced David Storch and Arise Capital Partners consortium had completed a takeover.

The Owls entered administration back in late October and were hit with a 12-point deduction, which later became 18 due to the financial mismanagement of the club by Chansiri.

The Thai businessman purchased the Steel City club in 2014, but his tenure at the club was marred by irresponsible behaviour and financial troubles which were all inflicted by him.

However, after months of uncertainty, Wednesday fans can finally breathe a huge sigh of relief, as it was revealed ahead of their game against West Brom that the consortium led by Storch had completed their acquisition of the Yorkshire club.

This has come at the perfect time for everyone connected with the club, as it means they will no longer start next season on -15 points and will have the opportunity to conduct a full rebuild in League One.

Dejphon Chansiri tried to halt Sheffield Wednesday takeover

Whilst Saturday was a very happy day for all Wednesdayites, fresh reports have suggested that their previous owner attempted to prevent that day from coming so soon.

According to journalist Alan Nixon via his Patreon page on Sunday, Chansiri wanted the Storch-led takeover stopped and an entirely new bidding process started.

This is because the Thai businessman reportedly claimed there was another prospective buyer who was willing to pay him more for the sale of the club.

However, Nixon stated that the Owls admins couldn't afford to restart the takeover process from scratch, with the club on its last legs financially, with Chansiri unwilling to subsidise the club through this period.

The ex-Wednesday owner then reportedly refused to agree a settlement and even though there is still time for this to happen, the 25p in the pound offered to other creditors is said to be off the table.

A loan against the club's Hillsborough home has also been sorted out with the company that provided it, according to Nixon, with a loan from a Portuguese agent next in line to be assessed.

Wednesday fans will be delighted Chansiri didn't get his way

Saturday's news of the completed takeover was great to see not only for Wednesday supporters, but for everyone in English football, as the Yorkshire club had been through the trenches over the years under Chansiri.

The ordeal is certainly a wake-up call to the EFL to harden their fit-for-purpose checks they carry out before allowing a potential investor to complete an acquisition of one of their clubs, preventing something like this from ever happening again.

However, Nixon's revelation will be another shocking pill for Wednesdayites to swallow, as their former owner was willing to drag out the sale process and start over again through nothing more than selfishness and greed.

Thankfully, Chansiri didn't get his way, which will undoubtedly delight supporters, who now have a hugely exciting new era to look forward to under their new ownership group.

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