Demitri_C Posted August 5, 2016 Share Posted August 5, 2016 (edited) They have been sold to a Chinese company, this could be bad news for us if we get promoted Quote West Brom confirm takeover by Chinese investment group By Ben Reynolds Last Updated: 05/08/16 8:34am West Brom chairman Jeremy Peace has sold the club to a Chinese investment group, subject to approval by the Financial Conduct Authority and the Premier League. Peace is to resign as chairman after 14 years in the post, with former Blackburn chairman John Williams taking over. The Yunyi Guokai (Shanghai) Sports Development Limited group is headed by entrepreneur Guochuan Lai, with the deal initially agreed on June 24. Reviews by the FCA and Premier League are currently under way. "I believe this deal will enable Albion to build on the strong, sustainable foundations that have been the cornerstone of the club's progress," Peace told the club's official website. Jeremy Peace will resign after selling West Brom to a Chinese investment group Lai added: "I am excited and privileged to have the chance to become the new owner of this great club. "My immediate priorities will be to maintain the club's stable structure, respecting its well-run nature and its heritage. I have no intention of changing the club's ethos." Brum Clubs are becoming Little China Edited August 5, 2016 by Demitri_C Link to comment Share on other sites More sharing options...
NurembergVillan Posted August 5, 2016 Moderator Share Posted August 5, 2016 2 Link to comment Share on other sites More sharing options...
TrentVilla Posted August 5, 2016 Moderator Share Posted August 5, 2016 I think it's great news. First of all its not Jianlin as has been widely reported, that really would have been bad news. Secondly just read the statement, he wants to continue the way the club is run. So that is Villa, Wolves, WBA and Small Heath all in Chinese hands, what is it about Midlands clubs? 1 Link to comment Share on other sites More sharing options...
MellbergsBeard Posted August 5, 2016 Share Posted August 5, 2016 (edited) How much is he worth? Not that it means everything. Edited August 5, 2016 by MellbergsBeard Link to comment Share on other sites More sharing options...
Demitri_C Posted August 5, 2016 Share Posted August 5, 2016 29 minutes ago, TrentVilla said: I think it's great news. First of all its not Jianlin as has been widely reported, that really would have been bad news. Secondly just read the statement, he wants to continue the way the club is run. So that is Villa, Wolves, WBA and Small Heath all in Chinese hands, what is it about Midlands clubs? Ah I thought Jianlin was involved? Link to comment Share on other sites More sharing options...
villa4europe Posted August 5, 2016 Share Posted August 5, 2016 I hope they sack pulis got to assume they've said yes to spending £16m on sakho too Link to comment Share on other sites More sharing options...
dont_do_it_doug. Posted August 5, 2016 Share Posted August 5, 2016 4 minutes ago, villa4europe said: I hope they sack pulis got to assume they've said yes to spending £16m on sakho too The Sakho deal is off. Link to comment Share on other sites More sharing options...
jonno_2004 Posted August 5, 2016 Share Posted August 5, 2016 Would have been galling had it been the £20bn conglomerate - as it stands it has no tangible effect on us - we are in different divisions and appears on the face of it to be business as usual for them. On the plus side a bit of healthy competition for Tony may just light a hotter fire underneath him. Link to comment Share on other sites More sharing options...
Popular Post Wainy316 Posted August 5, 2016 Popular Post Share Posted August 5, 2016 We are going to be spoiled for theme parks in the area aren't we. 6 Link to comment Share on other sites More sharing options...
Holtern8 Posted August 5, 2016 Share Posted August 5, 2016 Bloody hell more Chinese investors. No wonder the government had concerns over the EDF thingy. Link to comment Share on other sites More sharing options...
sne Posted August 5, 2016 Share Posted August 5, 2016 Really hope City is not next on the list. Link to comment Share on other sites More sharing options...
Demitri_C Posted August 5, 2016 Share Posted August 5, 2016 26 minutes ago, sne said: Really hope City is not next on the list. That trillion asia wants blose Link to comment Share on other sites More sharing options...
SamDLowe Posted August 5, 2016 Share Posted August 5, 2016 No other Chinese owner will compare to Dr Xia when it comes to passion and hilarious tweets, that's for sure. It might disrupt his plans on making Villa the most supported club in China. Link to comment Share on other sites More sharing options...
Demitri_C Posted August 5, 2016 Share Posted August 5, 2016 I have a feeling they will sign tekkers Link to comment Share on other sites More sharing options...
a m ole Posted August 5, 2016 Share Posted August 5, 2016 11 hours ago, TrentVilla said: I think it's great news. First of all its not Jianlin as has been widely reported, that really would have been bad news. Secondly just read the statement, he wants to continue the way the club is run. So that is Villa, Wolves, WBA and Small Heath all in Chinese hands, what is it about Midlands clubs? drawn in by the famous 'Arcadian' Link to comment Share on other sites More sharing options...
TrentVilla Posted August 5, 2016 Moderator Share Posted August 5, 2016 5 hours ago, SamDLowe said: No other Chinese owner will compare to Dr Xia when it comes to passion and hilarious tweets, that's for sure. It might disrupt his plans on making Villa the most supported club in China. How realistic was that anyway? Surely people in China will prefer the teams like Chelsea and Man U anyway? Link to comment Share on other sites More sharing options...
HanoiVillan Posted August 5, 2016 Share Posted August 5, 2016 1 hour ago, TrentVilla said: How realistic was that anyway? Surely people in China will prefer the teams like Chelsea and Man U anyway? Not realistic whatsoever, which was obvious the entire time. People on this site really will believe any old rubbish if you put the world 'Villa' in it somewhere. Link to comment Share on other sites More sharing options...
TrentVilla Posted August 5, 2016 Moderator Share Posted August 5, 2016 2 minutes ago, HanoiVillan said: Not realistic whatsoever, which was obvious the entire time. People on this site really will believe any old rubbish if you put the world 'Villa' in it somewhere. That was kind of my point. Link to comment Share on other sites More sharing options...
HanoiVillan Posted August 5, 2016 Share Posted August 5, 2016 . . . and I was agreeing with it. Link to comment Share on other sites More sharing options...
StanBalaban Posted August 5, 2016 Share Posted August 5, 2016 1 Link to comment Share on other sites More sharing options...
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