West Brom's takeover is DONE! Florida-based entrepreneur Shilen Patel completes £60m deal to buy 88% stake in the Baggies - ending Guochuan Lai's disastrous tenure - News Summed Up

West Brom's takeover is DONE! Florida-based entrepreneur Shilen Patel completes £60m deal to buy 88% stake in the Baggies - ending Guochuan Lai's disastrous tenure


Florida-based entrepreneur Shilen Patel and his father have completed their takeover of West Brom. The deal to acquire Guochuan Lai's 87.8 per cent majority shareholding, worth a reported £60million, had already been approved by the EFL. The Sky Bet Championship club confirmed the formalities of the takeover by Bilkul Football WBA, LLC - a company owned by Patel and his father Kiran Patel - were completed on Wednesday afternoon. 'I am delighted and humbled to become the new custodian of West Bromwich Albion Football Club,' new Baggies chairman Patel told the club's website. West Brom sit fifth in the Championship table as they chase a play-off place.


Source: Metro February 29, 2024 06:33 UTC



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