The first full Chinese takeover of a Premier League club is expected to be finalised on Wednesday when the protracted sale of West Bromwich Albion is due to be completed.
West Bromwich owner Jeremy Peace is selling a controlling 88 per cent of the club to a Chinese investment group headed by Guochuan Lai for a price believed to be around £175million.
The deal has been in the offing since early August but West Brom needed to win both Premier League approval and rubber-stamping from the Financial Conduct Authority as their financial services include a WBA credit card that brings them under the jurisdiction of the FCA.