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As featured on NewsNow: Football news

West Brom to be sold to Guochuan Lai today

West Brom could be sold to new Chinese owners today.

The Daily Mail says West Brom owner Jeremy Peace is selling a controlling 88 per cent of the club to a Chinese investment group headed by Guochuan Lai for a price believed to be around £175million.

The deal has been in the offing since early August but West Brom needed to win both Premier League approval and rubber-stamping from the Financial Conduct Authority as their financial services include a WBA credit card that brings them under the jurisdiction of the FCA.

Peace is expected to stay on as a consultant until the end of the season.

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Paul Vegas

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