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Wednesday takover

SHEFFIELD WEDNESDAY, one of England's oldest clubs who last played in the Premier League 15 years ago, have been taken over by a Thai consortium who are the world's largest producers of tuna products.

Businessman Dejphon Chansiri, whose family owns Thai Union Frozen Group, has acquired a 100 percent stake in the Championship club.

The club confirmed the takeover with reports saying the buyout cost around £30million.

Outgoing chairman Milan Mandaric, who has been in charge since December 2010, confirmed earlier this month the club were in talks with potential investors: "Once the final details and Football League approval have been concluded I will step down as chairman and as a director. In my four years in Sheffield I have come to regard this city as my home."