Sheffield Wednesday’s ownership nightmare came to an end on Saturday, when the club announced that David Storch and the Arise Capital Partners consortium had completed the takeover.

The Owls went into administration in late October and received a 12-point deduction, which was later increased to 18 due to Chansiri’s financial mismanagement of the club.

The Thai businessman bought the Steel City team in 2014, but his stay there was characterized by irresponsible behavior and financial problems, all of which were caused by him.

However, after months of speculation, Wednesday fans can finally breathe a sigh of relief, when it was reported ahead of their game against West Brom that the group led by Storch had finalized their acquisition of the Yorkshire club.

This has come at the best time for everyone involved with the club, as it means they will no longer start next season with -15 points and will be able to rebuild completely in League One.

Dejphon Chansiri attempted to block the Sheffield Wednesday acquisition.

While Saturday was a very happy day for all Wednesdayites, new reports indicate that their previous owner attempted to prevent that day from occurring so soon.

According to writer Alan Nixon’s Patreon page on Sunday, Chansiri wanted the Storch-led takeover halted and a whole new bidding procedure launched.

This is because the Thai billionaire reportedly stated that another possible bidder was willing to pay him more for the club’s sale.

However, Nixon argued that the Owls administration could not afford to resume the takeover process from scratch, with the club on its last legs financially and Chansiri unwilling to finance the club during this time.

The ex-Wednesday owner then reportedly refused to agree to a settlement, and while there is still time for this to happen, the 25p per pound promised to other creditors is claimed to be off the table.

According to Nixon, a loan against the club’s Hillsborough property has been arranged with the company that provided it, with a loan from a Portuguese agency next in line to be examined.

Wednesday fans will be thrilled that Chansiri didn’t get his way.

Saturday’s announcement of the finalized takeover was fantastic news not only for Wednesday fans, but for everyone in English football, as the Yorkshire club had been through a lot over the years under Chansiri.

The incident is undoubtedly a wake-up call to the EFL to strengthen the fit-for-purpose tests it conducts before permitting a potential investor to finalize an acquisition of one of its teams, preventing something like this from happening again.

However, Nixon’s revelation will be another difficult pill for Wednesdayites to chew, as their former owner was willing to prolong the sale process and restart it out of selfishness and greed.

Fortunately, Chansiri did not get his way, which will likely please supporters, who now have a very exciting new period to look forward to under their new ownership group.