West Bromwich Albion takeover completed
Shilen Patel and his father, Dr Kiran C. Patel, have 87.8% shareholding in the club.
Florida-based entrepreneur Shilen Patel and his father have completed a deal to take control of West Bromwich Albion Football Club.
Worth a reported ÂŁ60million, the deal sees Bilkul Football WBA, LLC acquire an 87.8 percent majority shareholding in the club.
The takeover was approved by the EFL earlier this month, and was completed on Wednesday afternoon.
Shilen Patel said: “I am delighted and humbled to become the new custodian of West Bromwich Albion Football Club.
“Today marks the beginning of an exciting project for the club to regain its standing as a consistent Premier League presence.
“Success does not occur overnight, but it is my ambition to build on the club’s current and historical strengths and surround West Bromwich Albion with high quality stakeholders at home and globally.
"I am also fortunate to be inheriting and continuing the great work of The Albion Foundation at home and abroad.
“I am in awe of the opportunity to help write the next chapter in Baggies history and am committed to being a responsible, respectful, and effective steward of the club.”