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Chinese group complete WBA takeover
- Updated: September 15, 2016
West Brom have announced that the takeover of the Premier League club by Chinese group Yunyi Guokai Sports Development Limited has been completed.
The deal was ratified after the Financial Conduct Authority and the Premier League made the routine checks and were satisfied the takeover adheres to the rules and regulations.
The deal was initially announced in August and entails former chairman Jeremy Peace selling the club to Guochuan Lai, who controls Yunyi Guokai Sports Development Limited.
Former Blackburn chief executive John Williams was announced as their new chairman last month and the Premier League has had its Owners’ and Directors’ Test satisfied.
Lai said: “I’m delighted to complete the …
