Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Sheffield Wednesday Confirm Ownership Takeover

Tue 10th Jun 2014 | Clubs Ownership

Sheffield Wednesday have confirmed the takeover of the club by Mr Hafiz Mammadov.

Mr Mammadov, a former member of The Azerbaijan Football Association and current owner of FC Baku and RC Lens takes over the ownership of the club from chairman Milan Mandaric.

Speaking exclusively on the club’s official website, www.swfc.co.uk he explained his pleasure at agreeing a deal with Milan Mandaric to take full control of the Owls.

"I am immensely pleased and proud to have agreed a deal to buy this wonderful club,” he said.

The founder and Chairman of the Baghlan Group which specialises in oil, gas, construction and transportation added, "I am a passionate football fan with enormous respect for English football. I have been looking at investing in England for some time but I was determined to find the right Club.

"I am hugely ambitious and feel the Owls match my passion and desire for success and represent our motto of Azerbaijan Land of Fire. I promise the supporters I will work extremely hard to bring the success everyone so rightly craves."

Chairman Milan Mandaric gave his reaction to the deal and explained his decision to pass control to the new owner, saying: “I am delighted to have concluded a deal with Hafiz, he is a true football man and I have no doubt whatsoever that I am handing over control to someone with a real passion for the game and the ability to carry on the work I started three years ago to return Sheffield Wednesday back to the top division of English football.

He went on to say: "On my first day at the club I promised the supporters two things; firstly I would ensure that when I left we would be in far better shape than when I arrived and more importantly, that I would only hand over ownership when I found the right man for the club and I sincerely believe I have delivered on both undertakings."

The deal is still subject to ratification by the Football League and during that process Mr Mammadov and his team will become involved in the operation of the club.

Image: Action Images / Paul Currie

Posted by: Aaron Gourley 

Icondia (Icondia-C-468x60.gif)
 
RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us –
agourley@fcbusiness.co.uk  

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...

Hartlepool United Announced Club Restructure

Wed 28th Jun 2017 | Clubs Ownership

Hartlepool United Chairman, Pam Duxbury has announced the first phase of the club’s restructure following relegation to the National League and subsequent resignation of Gary Coxall. Coxall...

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...

Leyton Orient purchased by business consortium headed by Nigel Travis, a life-long fan of the club

Fri 23rd Jun 2017 | Clubs Ownership

Leyton Orient Football Club has announced that it has been purchased by a business consortium Eagle Investments 2017 Limited, headed by British-born Nigel Travis, 67, the Chairman and CEO of Dunkin'...