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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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