The anticipated West Brom takeover is set to be finalized next week, with an American businessman acquiring an 87.8% share in the club. The Florida-based businessman, Shilen Patel, has reached an agreement to purchase the majority stake in the club’s parent company, bringing an end to Guochuan Lai’s ownership. The deal is said to involve a payment of around £60 million.
Following the confirmation of the agreement, Patel expressed his excitement and gratitude at the prospect of becoming the custodian of West Bromwich Albion Football Club, emphasizing the club’s rich history and potential. He plans to lead the club into a future that honors its legacy as a pioneering top-flight club with a strong sense of pride and passion.
The takeover will be concluded next week, and Patel will attend Friday’s game against Southampton. Fans are hopeful that this news marks the beginning of a new era for the club, with aspirations of returning to the Premier League and potential investments both on and off the pitch.
In comparison with some of this season’s Premier League rivals, Shilen Patel’s father, Kiran, has an estimated net worth of around $400 million, with Shilen himself believed to have a net worth of approximately $100 million. These figures provide insight into the financial standing of West Brom’s new owner in relation to other clubs in the league.
