West Bromwich Albion are the third Midlands club to go into Chinese ownership in the last few months, following Aston Villa and Wolverhampton Wanderers.
Yunki Golao Sports Development are the new owners in which Guochan Lai is the majority shareholder. He has been associated with the development of ‘eco towns’ in the past.
West Bromwich Albion are the third Midlands club to go into Chinese ownership in the last few months, following Aston Villa and Wolverhampton Wanderers.
Yunki Golao Sports Development are the new owners in which Guochan Lai is the majority shareholder. He has been associated with the development of ‘eco towns’ in the past.
All this fits in with President Xi’s ten year cultural strategy of making China a great footballing nation. We can expect further Chinese takeovers in the coming months.
The deal is thought to be worth about £150m. The sum paid is about twice the amount Dr Tony Xia paid to buy Aston Villa this summer, and about four times the sum Fosun International paid for Wolves.