A Chinese group is set to buyout West Bromwich Albion in the coming weeks.

The Mirror says the Baggies are set to be taken over before the first game of the season by new Chinese owners who have agreed to pay in excess of £150million.

Albion have confirmed they have entered into an ­exclusive agreement to sell the Midlands club.

Baggies owner Jeremy Peace has decided to cash in on his 88 per cent stake after receiving a massive offer from the Far East.

But Peace is keen to preserve his legacy at the debt-free club after buying them in 2003 and turning them into an established Premier League club.