Florida-based businessman Shilen Patel has completed his takeover of Championship club West Bromwich Albion.
Patel, who becomes West Brom’s chairman, replaces outgoing owner Guochuan Lai, who had been in control of the club since September 2016.
Patel acquires an 87.8 per cent shareholding in West Bromwich Albion Group Limited, the parent company of West Brom, through Bilkul Football WBA, LLC — a company ultimately owned by Patel and his father Dr Kiran C. Patel.
The proposed price tag is understood to be £10.5million, which will be paid in three instalments over 18 months — £2.5m...