Patel Acquires Majority Shareholding in West Bromwich Albion Football Club

Florida-based Patel and his father Kiran, owners of Bilkul Football, have officially acquired an 87.8% majority shareholding in West Bromwich Albion Football Club. The buy-out was approved on Wednesday afternoon, marking the end of Guochuan Lai's ownership.

A New Era for West Bromwich Albion

Patel expressed his excitement and humility at becoming the new custodian of West Bromwich Albion Football Club. He sees this as the beginning of an exciting project to restore the club's position as a consistent presence in the Premier League. Patel acknowledges that success will take time, but he is determined to build on the club's current and historical strengths and establish strong partnerships both locally and globally.

Continuity and Responsibility

Patel recognizes the importance of continuing the great work of The Albion Foundation, both at home and abroad. He is committed to being a responsible, respectful, and effective steward of the club. Patel's takeover will also bring financial stability to the club, as a significant portion of the buy-out package will be used to pay off the club's debts, which are estimated to be around £40m.

Patel's Background and Experience

Patel, a serial investor with a background in healthcare, has been a minority shareholder in Serie A club Bologna FC 1909 since 2014. His proposed takeover of West Bromwich Albion Football Club has been met with enthusiasm, and he made his first appearance at The Hawthorns earlier this month for the Championship clash with Southampton.