Shilen Patel completes £60m West Brom takeover and sets sights on Premier League

Shilen Patel gestures with a thumbs up in the stands prior to the match between West Bromwich Albion and Southampton
Shilen Patel gives the thumbs up before the match between West Brom and Southampton earlier this month - Getty Images/Catherine Ivill

West Bromwich Albion’s new owner Shilen Patel is targeting a return to the Premier League for the club after completing a £60 million takeover.

Patel, the Florida-based entrepreneur, has ended the stormy tenure of Guochuan Lai by acquiring an 87.8 per cent shareholding in the Championship club.

West Brom have been under severe financial restrictions since relegation from the Premier League, borrowing over £15 million in loans from American investment company MSD.

Under the management of highly-rated head coach Carlos Corberan, the club are in the play-off positions and face Coventry at home on Friday night.

“I think the long-term goal has to be to get back home to the Premier League. That’s where a club like West Bromwich Albion belongs,” said Patel.

“We are going to do our best to return the fans to that league.

“I think every season until that goal is accomplished, our mindset is that we have to be a club that is aiming to be in the top six, with a chance to play our way up.”

Corberan has impressed since his appointment in October 2022 and Patel has thrown his full support behind the Spaniard.

“I’m really excited and happy that Carlos is our manager,” he said. “To me, he is the manager with the perfect mindset for the project that we are embarking on.

“I’m really looking forward to seeing how he gets the best out of players now and in the years to come.”