Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father, Dr Kiran C. Patel, has reached an agreement to acquire an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club.
The takeover has been approved by the EFL, with the exchange and completion to take place next week.
Shilen Patel, who will also be named chairman of the football club, is a serial investor with experience in technology, health care, sport, real estate, finance, food and beverage and numerous other sectors across five continents. He has owned a minority shareholding in Serie A club Bologna FC 1909 since 2014.
“I am thrilled and grateful to have reached an agreement to become the custodian of West Bromwich Albion Football Club. The club’s exceptional history, support and potential set it apart, even here in the cradle of football,” said Patel.