Sheffield Wednesday have been taken over by a Thai consortium led by businessman Dejphon Chansiri. Chansiri, whose family owns Thai Union Frozen Group, has acquired a 100% stake in the Championship club, BBC reports. Owls chairman Milan Mandaric, who had been in charge since December 2010, confirmed earlier this month the club were in talks with potential investors. “I am very excited at the prospect of taking over control from Milan,” Chansiri told the club website. “I believe this club has huge potential and I can assure all our supporters that I will be working extremely hard to bring the success that I already sense from my short time in your city our supporters so desperately crave. “My son Att, who was a mascot at the recent Blackpool game, is passionate about football and I know will be my inspiration in this project. “I have made the same promise to him as I do our supporters, he will not let me forget this until we are back in the Premier League.” The deal remains subject to ratification by the Football League. The takeover brings an end to Mandaric’s four-year stint as owner of the club, and although he is set to step down as chairman and as a director, he will remain at Hillsborough in an advisory role.