Soccer-Florida-based Patels Acquire 87.8% Stake In West Brom – News18

Florida-based entrepreneur Shilen Patel and his father Kiran C. Patel have acquired an 87.8% stake in West Bromwich Albion, the English second-tier membership mentioned on Wednesday.

The buy was accepted by league governing physique EFL this month. Shilen Patel, who additionally owns a minority stake in Italian Serie A membership Bologna, has been named West Brom chairman.

“Today marks the beginning of an exciting project for the club to regain its standing as a consistent Premier League presence,” Patel mentioned in a press release.

West Brom, who received their solely English high-flight title in 1920 and lifted the FA Cup trophy for the fifth time in 1968, had been relegated from the Premier League in 2020-21, a yr after being promoted.

“Success does not occur overnight, but it is my ambition to build on the club’s current and historical strengths,” Patel added.

Fifth within the Championship, West Brom host Coventry City on Friday.

(This story has not been edited by News18 workers and is revealed from a syndicated information company feed – Reuters)