Just announced that West Brom will be sold to a Chinese consortium, that now means 4 West Mid clubs owned by the Chinese - Brum, Villa, Wolves and now West Brom. Wonder whose next on the radar for the Chinese?
Just announced that West Brom will be sold to a Chinese consortium, that now means 4 West Mid clubs owned by the Chinese - Brum, Villa, Wolves and now West Brom. Wonder whose next on the radar for the Chinese?
More importantly what will happen to these clubs when the Chinese move on to the next money making scheme, or even worse the Asian stock markets crashed.
More importantly what will happen to these clubs when the Chinese move on to the next money making scheme, or even worse the Asian stock markets crashed.
Chinese stock market crashed hugely, not that long ago...
I'm pretty sure this is not about making money - who makes money from football? - China have made it pretty clear they want to be a world power within football, these purchases could well be one of the first steps.
More importantly what will happen to these clubs when the Chinese move on to the next money making scheme, or even worse the Asian stock markets crashed.
Chinese stock market crashed hugely, not that long ago...
I'm pretty sure this is not about making money - who makes money from football? - China have made it pretty clear they want to be a world power within football, these purchases could well be one of the first steps.
More importantly what will happen to these clubs when the Chinese move on to the next money making scheme, or even worse the Asian stock markets crashed.
Chinese stock market crashed hugely, not that long ago...
I'm pretty sure this is not about making money - who makes money from football? - China have made it pretty clear they want to be a world power within football, these purchases could well be one of the first steps.
A world power by taking over west-midlands clubs?
AC Milan have also been sold to Chinese investors.
"The directors of West Bromwich Albion Football Club remain in dialogue with Controlling Shareholder and Chairman Guochuan Lai regarding an outstanding loan owed to the club by his related party, Wisdom Smart Corporation Limited.
The £4.95m loan is due for repayment, with interest, today (Saturday, December 31, 2022), and Lai has assured the club’s board of directors the repayment will now be made early in the new year."
The update comes as a further hammerblow for the Baggies faithful, who this week received confirmation their club had to take out a £20m loan from investment firm MSD Holdings to get by.
Shilen Patel has formally completed the takeover of West Bromwich Albion from Chinese businessman Guochuan Lai.
The American has become the majority shareholder and is Baggies' new chairman.
Bilkul Football WBA, LLC - a company ultimately owned by Florida-based entrepreneur Patel and his father Dr Kiran C. Patel - has acquired an 87.8% shareholding in the Championship club.
Shilen Patel has formally completed the takeover of West Bromwich Albion from Chinese businessman Guochuan Lai.
The American has become the majority shareholder and is Baggies' new chairman.
Bilkul Football WBA, LLC - a company ultimately owned by Florida-based entrepreneur Patel and his father Dr Kiran C. Patel - has acquired an 87.8% shareholding in the Championship club.
will always be a yoyo club unless they can build a 50,000+ seater stadium or drastically extend the Hawthorns, otherwise I can't ever see WBA being a money maker despite it being a historic club and FL founder member
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West HamLondon UnitedI'm pretty sure this is not about making money - who makes money from football? - China have made it pretty clear they want to be a world power within football, these purchases could well be one of the first steps.
"The directors of West Bromwich Albion Football Club remain in dialogue with Controlling Shareholder and Chairman Guochuan Lai regarding an outstanding loan owed to the club by his related party, Wisdom Smart Corporation Limited.
The £4.95m loan is due for repayment, with interest, today (Saturday, December 31, 2022), and Lai has assured the club’s board of directors the repayment will now be made early in the new year."
The update comes as a further hammerblow for the Baggies faithful, who this week received confirmation their club had to take out a £20m loan from investment firm MSD Holdings to get by.
Shilen Patel has formally completed the takeover of West Bromwich Albion from Chinese businessman Guochuan Lai.
The American has become the majority shareholder and is Baggies' new chairman.
Bilkul Football WBA, LLC - a company ultimately owned by Florida-based entrepreneur Patel and his father Dr Kiran C. Patel - has acquired an 87.8% shareholding in the Championship club.
https://www.bbc.co.uk/sport/football/68357597