West Brom followers have been left joyous after the membership introduced an settlement has been reached for a brand new majority shareholder.
Florida-based businessman Shilen Patel is ready to amass 87.8 per cent of the Baggies’ dad or mum firm West Bromwich Albion Group Restricted.
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The takeover is reported to be value £60million and it’ll convey an finish to Guochuan Lai’s unsettled reign at The Hawthorns.
Lai, who purchased the membership for over £200million in 2016, had been beneath stress to promote the membership amid failure to pay again loans.
West Brom have been searching for a brand new purchaser amid growing losses of cash, with greater than £20million mentioned to be borrowed from MSD Holdings Restricted.
Nevertheless, there may be now hope for the way forward for the Championship facet and followers took to social media to precise their delight.
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One supporter on X mentioned: “That is the very best information ever!”
“I truly suppose I will cry,” added a second.
A 3rd mentioned: “YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS thanks Mr Patel.”
“Not stopped smiling for the final 15 minutes hahahahaha FINALLY,” added one other delighted fourth.
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Upon the announcement of the takeover, which has been given approval by the EFL, Patel said: “I’m thrilled and grateful to have reached an settlement to change into the custodian of West Bromwich Albion Soccer Membership.
“The membership’s distinctive historical past, help, and potential set it aside even right here within the cradle of soccer. My purpose is to assist the membership obtain a future worthy of its historical past as a pioneering top-flight membership that marshals the satisfaction and fervour which have outlined the Albion for generations.
“I’m excited to get began at The Hawthorns and sit up for the deal finishing subsequent week.”
West Brom sit fifth within the Championship beneath Carlos Corberan and are eyeing a return to the Premier League following their relegation in 2021.
They subsequent face fellow promotion hopefuls Southampton on Friday night time, live and exclusive on talkSPORT 2.
