West Brom to Sell the Club to Chinese Investment Company- China Business Network

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West Brom to Sell the Club to Chinese Investment Company

2016-08-05

West Brom have announced they have agreed to sell the club to Chinese investment group Yunyi Guokai (Shanghai) Sports Development Limited.

The Chinese investment group is headed by Guochuan Lai - a 42-year-old entrepreneur who is the controlling shareholder in Yunyi Guokai (Shanghai) Sports Development Limited.

Club chairman Jeremy Peace has announced he will end a 14-year-stint at the club resign from his role following the sale, with Former Blackburn chief executive John Williams will replacing him.

The deal is subject to approval by the Financial Conduct Authority and the Premier League, and if it does go through, the Baggies will be the third Midlands club - following Aston Villa and Wolves - to be taken over by Chinese owners.

Daily Mail

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Tags：West Brom, Chinese investment, invest UK, Chinese investment overseas

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