West Brom are close to being sold to a Chinese group.

The People says owner Jeremy Peace is 'close' to sealing a £150million deal for the Baggies as he brings to an end a process that has been on-going for the past two years.

The newcomers are reportedly monied Chinese – and will have significant cash to spend on a club that has been prudently run since the out-going chairman assumed control 15 years ago.

Peace himself is set to quit with chief executive Mark Jenkins likely to follow. It is understood that sporting director Richard Garlick could move into a boardroom position to help smooth the transition.

On the bidders, a source said: "You'll be able to measure their wealth in billions, not millions."