In a significant development for the Championship, Florida-based entrepreneur Shilen Patel, along with his father, has completed a takeover at West Brom, a team striving for promotion. The duo reportedly invested £60 million to acquire an 87.8 per cent majority stake previously held by Guochuan Lai, a deal that received approval from the EFL in February.
Having held a minority share in Serie A’s Bologna since 2014, Patel now assumes the role of chairman at West Brom. Expressing his excitement, Patel stated, “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.”
This takeover highlights the trend seen in the EFL this year, exemplified by clubs like Reading in League One, where ownership and investment play crucial roles in footballing success. In light of this news, LondonWorld has analyzed the overall squad value at West Brom compared to London teams such as QPR, Millwall, and Watford, as well as every club in the Championship, using data from Transfermarkt.
1st – Leicester City
Overall market value – £192m
2nd – Leeds United
Overall market value – £171.3m
3rd – Southampton
Overall market value – £167.3m
4th – Hull City
Overall market value – £87.4m
5th – Sunderland
Overall market value – £69.6m
6th – Middlesbrough
Overall market value – £65.03
7th – Norwich City
Overall market value – £57.2m
8th – Swansea City
Overall market value – £56.4m
9th – Watford
Overall market value – £53m
10th – Stoke City
Overall market value – £51.9m
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