West Brom ownership: A look at Shilen Patel’s source of wealth + Net worth

In February of this year, West Bromwich Albion’s ownership shifted as Shilen Patel finished acquiring the team.

Lai Guochuan was the Midlands club’s primary stakeholder starting in 2016, hence this buyout ended his tenure as manager.

Under his leadership, the Baggies participated in both the Premier League and the Championship. He succeeded Jeremy Pearce.

His tenure as the team’s manager did, however, come to an end toward the finish as financial issues surfaced and started to limit the team’s options both on and off the field.

Under Patel, the team has already experienced success as they have managed to place in the top six of the Championship and earn a spot in the play-offs. Therefore, it is a fresh start for the team.

The new West Brom owner will now be tasked with supporting the club and providing the backing it needs to reach the top flight.

Shilen Patel’s comments when he bought West Brom

The day the news finally broke that Shilen Patel would be taking charge at West Brom was going to be fantastic for Baggies fans since it meant they could finally exhale in relief.

Patel played a crucial role in emphasizing that changes would take time and that the team is dedicated to being a regular fixture in the Premier League.

“I am happy and humbled to become the new custodian of West Bromwich Albion Football Club,” Patel stated on the team’s official website.

“Today is the start of an exciting project to help the club become a regular fixture in the Premier League again.

“Achievement does not happen quickly, but my goal is to capitalize on the team’s past and present accomplishments and encircle West Bromwich Albion with excellent domestic and international stakeholders.”

“I also have the good fortune to be carrying on The Albion Foundation’s outstanding work both here and internationally.

“I am devoted to being a responsible, courteous, and successful steward of the club and am amazed at the chance to assist create the next chapter in Baggies history.”

How Shilen Patel made his money

As previously indicated, news broke in February that Shilen Patel will become West Brom’s new majority shareholder.

It was reported that Florida-based businessman Shilen Patel and his father, Dr. Kiran C. Patel, had signed a deal to purchase an 87.8% stake in West Bromwich Albion Group Limited through Bilkul Football WBA, LLC.

Patel is a Florida businessman who founded and served as CEO of the Tampa-based software startup HealthAxis Group.

As previously stated, he is also the son of Dr. Kiran C. Patel, who is rumored to have a substantial net worth now that Shilan Patel has assumed control of the family firm.

Serial investor Patel has worked in the food and beverage, real estate, technology, healthcare, and sports industries.

Since 2014, the now-West Brom owner has held a minority stake in Bologna, a Serie A team that made it to the Champions League this season, an accomplishment.

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