‘I’m going to cry’ – West Brom fans rejoice as Championship club announce new takeover

West Brom fans have been left joyous after the club announced an agreement has been reached for a new majority shareholder.

Florida-based businessman Shilen Patel is set to acquire 87.8 per cent of the Baggies' parent company West Bromwich Albion Group Limited.

The takeover is reported to be worth £60million and it will bring an end to Guochuan Lai's unsettled reign at The Hawthorns.

Lai, who bought the club for over £200million in 2016, had been under pressure to sell the club amid failure to pay back loans.

West Brom have been seeking a new buyer amid increasing losses of money, with more than £20million said to be borrowed from MSD Holdings Limited.

However, there is now hope for the future of the Championship side and fans took to social media to express their delight.

One supporter on X said: "This is the best news ever!"

"I actually think I'm going to cry," added a second.

A third said: "YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS thank you Mr Patel."

"Not stopped smiling for the last 15 mins hahahahaha FINALLY," added another delighted fourth.

Upon the announcement of the takeover, which has been given approval by the EFL, Patel said: “I am thrilled and grateful to have reached an agreement to become the custodian of West Bromwich Albion Football Club.

"The club’s exceptional history, support, and potential set it apart even here in the cradle of football. My goal is to help the club achieve a future worthy of its history as a pioneering top-flight club that marshals the pride and passion that have defined the Albion for generations.

“I am excited to get started at The Hawthorns and look forward to the deal completing next week.”

West Brom sit fifth in the Championship under Carlos Corberan and are eyeing a return to the Premier League following their relegation in 2021.

They next face fellow promotion hopefuls Southampton on Friday night, live and exclusive on talkSPORT 2.