Takeover: French press say deal is done
French sports newspaper L'Equipe is reporting that Hafiz Mammadov has completed his takeover of the Owls.
The paper, France's biggest for sports news, says the Azerbaijani businessman, who is also majority shareholder with French club RC Lens, agreed a €50 million deal with Wednesday owner Milan Mandaric on Sunday night.
There has been no hint or confirmation from the club yet but a press conference could be announced for this week to reveal the deal.
Mandaric has been looking to sell the club for a number of months. He has always said he wants to leave it in good hands and he seems to have finally found his man in Mammadov.
His aim will be to get Wednesday back to the Premier League by the end of the season, according to the report, and improve facilities at Hillsborough. Mammadov also has interests in Azerbaijan club FK Bakou, Champions League finalists and La Liga champions Atletico Madrid and FC Porto.
Keep visiting Vital Wednesday for all the latest on the takeover.