Sheffield Wednesday released a statement late on Saturday night saying Hafiz Mammadov's takeover of the club has been delayed, reports The Star

The statement was released on the club's official website which went on to say:

"Further to the press release on Tuesday 10 June, Sheffield Wednesday would like to update supporters on the current position in respect of the takeover of the club by Hafiz Mammadov.

Hafiz Mammadov's takeover of Sheffield Wednesday has been delayed.
Hafiz Mammadov's takeover of Sheffield Wednesday has been delayed.

"Unfortunately the planned completion date has been delayed slightly due to some important matters relating to the other business interest of Mr Mammadov which was required his full attention in Azerbaijan.

"This has delayed him from travelling to the UK as he had originally planned and hindered his ability to conclude the takeover.

"During this time, however, the due diligence process has been completed and the club will hopefully soon be in a position to complete the regulatory requirements set by the Football League."

Mammadov and current Wednesday chairman Milan Mandaric met in London on Friday and Mandaric is confident that the takeover will go through sooner rather than later.

In the statement Mandaric said: “I fully appreciate the frustration of our supporters, we all want to see a quick completion so we are in the best shape possible for the start of the new season.

“Despite the delay, I am still committed to fully supporting Stuart in his preparations and this has been demonstrated by the permanent signings of Keiren Westwood and Sam Hutchinson along with the contract extensions agreed with Chris Kirkland, Glenn Loovens and Jose Semedo.

“I have been kept fully informed by Mr Mammadov’s advisors during the process and Friday’s meeting was very constructive. I continue to believe that he will be a wonderful custodian for this great club and I am very excited at his plans for the future.”

Sheffield Wednesday hope to update the supporters again before the first game of the season at Brighton on August 9.