How wealthy the West Brom owner is compared to the EFL’s richest clubs

How wealthy the West Brom owner is compared to the EFL’s richest clubs

Albion has maintained their competitiveness in the second division despite being placed under an EFL-imposed business plan last summer to avoid violating the profit and sustainability rules (PSR). They have assembled a team that can contend for the top spot in the table and pose a threat to rejoin the Premier League after a four-year break.

Patel, a billionaire from Florida, still owns the majority of West Brom after purchasing 87.8% of the team from Guochuan Lai, a Chinese tycoon, in February 2024.

Patel took control of the Bilkil Football WBA, one of his and his father Kiran Patel’s businesses. He will be tasked with overseeing the team going forward after clearing the EFL’s exams, however the contract took almost two weeks to finalize after it was first announced.

After a miserable seven-year tenure under Lai that saw one promotion, two relegations, and a significant lack of investment, nearly all Albion supporters welcomed the move.

We at Football League World examine Shilen and Kiran Patel’s wealth and how it stacks up against some of the EFL’s wealthiest owners.

According to reports, Shilen Patel spent £60 million to acquire West Brom and was appointed chairman as part of the agreement.

In addition, he owns a minority stake in Bologna, an Italian Serie A team, which he purchased in 2014.

However, according to Birmingham Live, the American’s estimated net worth is $100 million (£75.3 million), but it is not all of his fortune.

Bilkul Football WBA, LLC is the vehicle for a portion of his father’s $400 million (£301.3 million) net assets, according to Birmingham Live’s report in the same year.

The cumulative value of the West Brom owners is therefore $500 million, which translates to £376.6 million invested in Bilkul, which has an 87.7% share in the football team.

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