Milan Mandaric has spoken of his delight at handing over the Hillsborough reins to Thai businessman Dejphon Chansiri.
He told the club website: “From the first time I met Dejphon I felt he was the right person for this fantastic club. His business expertise and passion made him stand out from the other interested parties that I have spoken to since I announced that Mr Mammadov could no longer fulfil his obligation to purchase the club.”
He added: “Once the final details and Football League approval have been concluded I will step down as chairman and as a director but will retain an advisory role, wherever Dejphon needs my help, I will only be too pleased to assist.
“In my four years in Sheffield I have come to regard this city as my home and desperately want to be a part of the journey we all started together when I arrived, which I am sure will ultimately see our club back in the Premier League very soon.”