Sheffield Wednesday marked the club's takeover by beating West Bromwich Albion for just their second Championship win of the season on a day of celebration at Hillsborough.

Buoyed by the announcement of the completion of the takeover by American consortium Arise Capital Partners shortly before kick-off, two goals in four minutes from Nathaniel Chalobah and skipper Liam Palmer put the Owls 2-0 up at the break.

Karlan Grant pulled a goal back from close range late on, but the relegated hosts held on to hand James Morrison defeat in his first match as permanent boss - Albion's third head coach of the season.

The first home league win of the season means Wednesday end the season on zero points, wiping out their 18-point deduction, to avoid becoming the first team in EFL history to finish a campaign on minus points.

It was just Albion's second defeat under Morrison, including his 11-match stint at interim boss, and gives them a 21st-placed finish, four points above the drop zone.

Nothing was at stake for either side, with Sheffield Wednesday long since relegated and the Baggies having secured safety with two games to spare despite their own two-point deduction for financial issues.

Yet there was a surreal party atmosphere around Hillsborough after news broke of the club's buyout and the EFL's subsequent withdrawal of a potential 15-point deduction for next season.

Chances were at a premium in the opening half-hour, but the game burst into life when Chalobah pounced on a loose ball and fired past Max O'Leary after the visitors failed to deal with Max Lowe's in-swinging free-kick.

It was the first goal in six matches that Albion had conceded and it was swiftly followed by a second as more poor defending, this time from a corner, saw the ball break to Palmer who slotted in his first goal in two years.

Morrison responded by making a triple change at half-time, but it was the Owls who almost grabbed the next goal as Lowe's side-foot effort from the edge of the box hit the base of the right-hand post.

The visitors were allowed plenty of the ball without carving out chances, but pulled one back late on when Isaac Price's free-kick deflected off Tayo Adaramola to Grant who poked in from close range.

This was the cue for intense pressure on the Wednesday goal, but they held on through 10 nervous minutes of stoppage-time to seal a rare win and perhaps a hint of the recovery to come.

West Brom manager James Morrison told BBC Radio WM:

"I don't want to get away from what we've achieved, but obviously we've set standards now and we didn't meet them today from the first 10 minutes.

"I think it's the first time I've had to get angry again at half-time. We huffed and puffed second half, but still again we didn't value the ball how I would like.

"The stuff that's brought us success wasn't there today, so I'm a bit disappointed with that. But the bigger picture is where we were [when losing] at Oxford to where we are now - that's the positive.

"We felt their (Sheffield Wednesday's) occasion today and we didn't rise to it and that's the thing I've learnt today - we've got to be on the players every day and we can't come off the gas."