Sheffield Wednesday officially taken over by US consortium Arise Capital Partners

Sheffield Wednesday's former owner, Dejphon Chansiri, was given a three-year ban from being a director or an owner of any EFL club on December 1st, following his ownership of the Owls.

He failed to pay staff and player wages on time on different occasions and breached EFL regulations. Failures to pay HMRC also led to further problems at the club. Wednesday picked up multiple point deductions for regulation breaches, resulting in the side being docked 18 points overall. Sheffield Wednesday will finish bottom of the table, but their fans will be more than happy with the recent takeover news.

Chansiri placed the club into administration, leading to administrators searching to find a new owner for the club, with US Consortium Arise Capital Partners being selected as the favoured bidder from multiple offers.

Wednesday fans protested against their owner by not filling Hillsborough for matches, along with multiple protest marches against Chansiri.

Arise Capital was officially announced as the new Sheffield Wednesday owner in recent days, meaning the club can return their focus to what happens on the pitch.

Fans celebrated the takeover news by wearing Hawaiian shirts for their final league match of the season, against West Brom.

The Owls are preparing for next season, where they will play football in League One. They have been relegated to the third tier alongside Leicester City and Oxford United.