Shilen Patel’s eventual ownership of West Brom is, according to Dan Plumley, “huge” for the team and its supporters.
An agreement has been reached for Patel and his father’s company, Bilkul Football WBA, LLC, to purchase Guochuan Lai’s 87.8% controlling stake.
The sports finance specialist acknowledged that the issue surrounding The Hawthorns and outstanding loans can now be resolved.
“If you look at all of those factors, the financial situation hasn’t been great, and they didn’t get back into the Premier League when they perhaps wanted to in those first few years after relegation. You’ve seen the fan reaction over the weekend, you’ve seen the media reaction, and some of the stories that have gone back and tracked through some of the history we have spoken at length about.”
“At some point, everything that had to do with the other details and how the owners handled the company, loans, outstanding loans, and other assets had to come to light.
“There has been a lot of back and forth in the negotiations to finalise a deal that, while excellent on paper, is really significant for West Brom.
“Now, at last, you hope to be able to look more intently at the next stage of the club’s development. It’s a good season right now; who knows where that may end up and you could really start to take the positives and move forward, instead of continuing to ask questions about ownership and takeovers, which appears to have been resolved as of late, which is good news for the club.”
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