Wba takeover news today

The American, now the Championship club's majority shareholder, has also become the Baggies' new chairman.

Despite off-field issues, West Bromwich Albion are trying to battle for a place in the top six of the Championship. The Baggies missed out on a play-off spot last season, as their slow start to the campaign cost them in the end, as Carlos Corberan did his best to meet the demands. Coming into this season, there was an expectation that West Brom were going to improve, as they are always considered one of the strongest sides in the league, and Corberan was expected to be allowed to make personal changes. However, financial issues emerged for the club, and that meant Corberan was only allowed to bring in three new players over the summer. The Baggies have made a steady start to this season, but the concern will be whether this ongoing takeover situation is going to be resolved anytime soon. Here, we have taken a look at the latest news surrounding it…. It is no secret that West Brom is up for sale, with Chinese businessman Guochuan Lai looking to sell the club after ongoing financial issues.

Wba takeover news today

The American, now the Championship club's majority shareholder, has also become the Baggies' new chairman. The Baggies have not played in the Premier League since being relegated at the end of the season, having twice lost their top-flight status under Lai. But Albion are well placed in the battle for a Championship play-off place, lying fifth under head coach Carlos Corberan - 16 points off an automatic promotion place, although with a four-point cushion on the chasing pack. The takeover, first announced by Albion on 16 February, has taken almost a fortnight to be finalised but, having been approved by the English Football League, Patel has now officially taken charge. Patel also owns a minority shareholding in Italian Serie A club Bologna, which he has had since BBC Sport originally reported in January that Patel had become a significant candidate to take control of the club from Lai, who had been owner since buying out Jeremy Peace in The American has also previously invested in businesses across five continents including technology, healthcare, real estate, finance, food and beverages. Albion are in their fifth season out of six outside the Premier League, something they have not experienced in more than two decades. Having already won over a fan base who had become increasingly disillusioned under the previous owners, Albion's first task under the new Patel regime will be trying to take all three points off Midlands promotion rivals Coventry City on Friday. Patel was at The Hawthorns for Albion's last home game - the Friday night defeat by Southampton - and is expected to be there for the Coventry game too. How the time under Lai unfolded:. Despite all the off the field turmoil created by his predecessor, Guochuan Lai, the American businessman is inheriting a football club with the infrastructure in place to be the consistent Premier League presence that he aspires for them to be. Thanks to the miraculous and meticulous work of head coach Carlos Corberan, they're also in a league position from where that could become a reality in just a few short months. The Spaniard is the key to their short-term success - and hopefully Mr Patel saw what his fellow Americans did down the road at Birmingham City when they disposed of their respected coach in favour of a 'big name', which very quickly backfired. There are certainly no signs that the Baggies will make that same mistake and with the opening words of their new owner and chairman referring to himself being humble but also ambitious, the fans can look forward with optimism for this new era.

Albion are wba takeover news today their fifth season out of six outside the Premier League, something they have not experienced in more than two decades. More replies 10 down. The Baggies have not played in the Premier League since being relegated at the end of the season, having twice lost their top-flight status under Lai.

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This copy is for your personal, non-commercial use only. Florida-based entrepreneur Shilen Patel completed his takeover of Championship promotion chasers West Brom on Wednesday. And the Baggies said Wednesday the formalities of the takeover by a company owned by the Patels had been completed, with the deal already approved by the English Football League. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at or visit www. We've detected you are on Internet Explorer. For the best Barrons. DJIA Futures. Nasdaq Futures.

Wba takeover news today

The American, now the Championship club's majority shareholder, has also become the Baggies' new chairman. The Baggies have not played in the Premier League since being relegated at the end of the season, having twice lost their top-flight status under Lai. But Albion are well placed in the battle for a Championship play-off place, lying fifth under head coach Carlos Corberan - 16 points off an automatic promotion place, although with a four-point cushion on the chasing pack. The takeover, first announced by Albion on 16 February, has taken almost a fortnight to be finalised but, having been approved by the English Football League, Patel has now officially taken charge. Patel also owns a minority shareholding in Italian Serie A club Bologna, which he has had since BBC Sport originally reported in January that Patel had become a significant candidate to take control of the club from Lai, who had been owner since buying out Jeremy Peace in

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Comments Join the conversation. Reply posted by Kev, at 28 Feb Kev. More replies 11 down. December - Lai assures fans loan will be repaid. There are certainly no signs that the Baggies will make that same mistake and with the opening words of their new owner and chairman referring to himself being humble but also ambitious, the fans can look forward with optimism for this new era. Will Hamilton's Ferrari gamble pay off? Comment posted by Gwladys24, at 28 Feb Gwladys The absence of the usual GMT fixture is Sutton's Premier League predictions v Twin Atlantic. The American has also previously invested in businesses across five continents including technology, healthcare, real estate, finance, food and beverages. Thanks to the miraculous and meticulous work of head coach Carlos Corberan, they're also in a league position from where that could become a reality in just a few short months. Despite all the off the field turmoil created by his predecessor, Guochuan Lai, the American businessman is inheriting a football club with the infrastructure in place to be the consistent Premier League presence that he aspires for them to be. May - Albion relegated again under Allardyce. Take Swansea city for an example. Reply posted by Nickp, at 28 Feb Nickp.

American businessman Shilen Patel is to become West Bromwich Albion chairman after a deal to purchase an Shilen Patel said he "looks forward to the deal completing next week".

The first season after he left, Newcastle qualified for the Champions League with many of the same players. Reply posted by everest, at 28 Feb everest It is no secret that West Brom is up for sale, with Chinese businessman Guochuan Lai looking to sell the club after ongoing financial issues. BBC Sport originally reported in January that Patel had become a significant candidate to take control of the club from Lai, who had been owner since buying out Jeremy Peace in I pray this chap is much better than Lai and the Baggies get back to the Premier league! Also in Sport. A return to Premiership football will be welcome and hopefully we become a more permanent fixture but it is not everything. More replies 9 down. There are certainly no signs that the Baggies will make that same mistake and with the opening words of their new owner and chairman referring to himself being humble but also ambitious, the fans can look forward with optimism for this new era. More replies 4 down.