Azerbaijan-born RC Lens and FC Baku owner and multi-millionaire Hafiz Mammadov has bought Sheffield Wednesday, report L’Equipe on Tuesday.
The French paper are claiming that Mammadov, an oil baron, is understood to have bought the Owls from chairman Milan Mandaric for €50m.
The deal was reportedly concluded in a London restaurant on Sunday night, in which it was agreed that Mandaric should retain the position of chairman of the club.
L’Equipe also say that Mammadov has contacted 53-year-old Sheffield Wednesday legend Chris Waddle to offer him the job of managing the team.
L’Equipe add that “the objective is clear: next season they should get back in the Premier League.”
Expect plenty of signings at Hillsborough during the summer.