On Wednesday, February 28, American businessman Shilen Patel successfully acquired West Brom from Guochuan Lai.
American family offices are home to the Patel family, as reported by the Athletic on February 29.
The estimated total value of the assets is £1.58 billion.
The story states: “Patel has shifted his focus to the portfolio of other firms inside the family office, because his flagship company, HealthAxis Group, is now held by new investors.
In the US, family offices are utilized as a tool for managing all facets of a family’s wealth; frequently, a small group of investment managers uses the office’s assets as investment vehicles.
It is alleged that the Patel family office, which is made up of Shilen, his father, and a number of other family members, has assets of almost $2 billion (£1.58 billion).
Are Patel and West Brom the ideal team to return to the Premier League?
Patel’s accomplishments as an entrepreneur and business leader demonstrate his aptitude for handling intricate procedures and overcoming obstacles related to money. This is especially true of his position as CEO of HealthAxis Group.
His investment in the Serie A club Bologna, which he has supported since infancy, further proves his long-standing enthusiasm for football and shows that he is truly committed to the game beyond just making money.
In contrast to Guochuan Lai, who was seldom ever seen at the Hawthorns, Patel is most likely an active owner.
The American’s calculated approach to the club’s ownership, demonstrated by his readiness to offer financial security and back the long-term objectives of joining the Premier League, points to a deliberate and analytical leadership style.
Based on his previous interview, it seems that he is more of a reformist than someone who will make drastic changes because he is willing to work with the current club personnel and systems to achieve success.
In other West Brom news, a player who was previously expected to leave the Baggies is now likely to stay at Hawthorns after a contract twist surfaced lately.
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