Shilen patel

[boinggazmic]

Never heard of the guy but looks like he’s in advanced talks to take us over. Any thoughts? He and his family based in tampa.

[TipperaryBaggie]

Apparently he is the founder and CEO of a healthcare group. Should get plenty of business from us with our injury record.

[boingy]

https://tbbwmag.com/2022/02/03/shile...-and-his-life/

[phild]

Apparently he is the founder and CEO of a healthcare group. Should get plenty of business from us with our injury record.

[soulman101]

https://tbbwmag.com/2022/02/03/shile...-and-his-life/

Thanks for posting ,seems a good person and businesses man .
If he gets our club , I think he will work well with Albion Foundation which will be a big bonus .

[DaveP67 is back!]

Seems like a decent man and no Lai! However for an owner of a football club of our size and ambition he relatively speaking hasn’t got a pot to piss in. Would need to have a consortium behind him.

[phild]

Taken from Telegraph

'West Bromwich Albion are in advanced talks with American entrepreneur Shilen Patel over a potential takeover of the Championship club.

Patel has emerged as the preferred choice for Albion’s owner Guochuan Lai, with a period of exclusivity set to be granted this month.

Previously the founder and chief executive of HealthAxis Group, a software company based in Tampa, Patel and his party are understood to have made progress in recent weeks over ending Lai’s seven-year ownership.

Telegraph Sport revealed last month that three parties were keen to buy West Brom, who are beset by financial difficulties and facing the prospect of losing first-team players in the January transfer window.

Patel is now at the front of the queue to complete a takeover, which will cost an estimated £30-35 million plus the additional loans to take the overall price closer towards £60 million.

The son of Dr Kiran Patel, whose net worth is an estimated $400 million, Patel has now assumed control of the family business.

Patel would have to pass the English Football League’s owners and directors’ test and, at this stage, there is no indication on how close the takeover will be.

Sources have confirmed, however, that talks are ongoing and there is a degree of optimism over a deal being completed.

Lai acquired the West Midlands club from Jeremy Peace for more than £200 million in July 2016.

He has come under heavy scrutiny after declining to pay back a £5 million loan which was paid to one of his companies in June 2021.

There is also an outstanding loan from the club to Peace’s company WBA Holdings Ltd which now stands at £5 million after interest. A further £2 million was taken out in September 2021, with Lai borrowing money from an independent lender that is not owed to the club.

Lai has also been unable to provide investment outside of television money and parachute payments, while borrowing over £20 million from American investment company MSD Holdings Limited, plus an additional loan last month.

West Brom are currently fifth in the Championship table under their highly regarded head coach Carlos Corberan. They face Blackburn at home on Saturday'

[baggieal]

Revenue of Patel’s company of 45$ in 2021. Well that’s less than what the morons paid for Grant, Grady and Zohorse!

So nothing to get excited about with this news. Perhaps he could buy a new burger bar in the East Stand!

[boingy]

The problem is that there are a lot of people out there only interested in adding to their CV with “projects” so I hope that this isn’t what this is. Often clueless to what the heart of football is. The link I posted earlier make of it what you will. The jury is definitely still out with me.

[DaveP67 is back!]

Revenue of Patel’s company of 45$ in 2021. Well that’s less than what the morons paid for Grant, Grady and Zohorse!

So nothing to get excited about with this news. Perhaps he could buy a new burger bar in the East Stand!

My thoughts exactly. That said got be be better than Lai