West Brom takeover deal agreed
English Championship club West Bromwich Albion have agreed a takeover deal with Florida-based businessman Shilen Patel.
Patel emerged as the preferred candidate to takeover the club by outgoing owner Guochuan Lai, who had been in control of West Brom since September 2016.
Patel will acquire an 87.8 per cent shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club.
The takeover is set to be ratified next week after Patel, who will be named as West Brom’s chairman, arrived in Birmingham on Thursday to close the deal.
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