Milan Mandaric described his trial on tax evasion charges as a "horrible dream" after being cleared of all charges at Southwark Crown Court on Wednesday.
His acquittal alongside co-defendant Harry Redknapp blows the final whistle on a five-year £8million police investigation which failed to yield a single conviction.
Mandaric and former Portsmouth chief executive Peter Storrie were also cleared of £600,000 tax dodge claims at a previous trial, it can be reported for the first time.
Mandaric told reporters outside court: "I would rather not talk much now, and I'm quite sure you understand that.
"I've got to go somewhere to try to pinch myself and wake me up from that horrible dream that I had in the past.
"As we said in the statements, I always believed in the truth, and always believed in the British justice system."
The Sheffield Wednesday chairman will now take time to consider his future in the game, revealing: "Right now I have got to find out how much more is in my enthusiastic tank - energy and enthusiasm - to go back to go and win more games.
"I am here as all of you know for the love of the game and love of the country and I will try to do my best going forward."
Mandaric also issued a statement on Wednesday's official website which read: "I am delighted I have today been cleared of these totally unfounded allegations of tax evasion. It is clear they should have never have been brought to court.
"I never doubted the truth would prevail nor the fact that the British justice system would come to the right conclusion.
"I came to Britain 12 years ago because of my love of football and have since saved three much loved football clubs which were on the brink of extinction.
"As a result I have saved thousands of jobs and paid tens of millions of pounds into the public purse through tax.
"To suggest I would cheat the tax man is highly offensive to me, my family, my associates and friends.
"I am happy that my good name and reputation have been upheld.
"And I wish to express my gratitude to my many football fans, friends and family for all their support. They have been a great source of strength to me."
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