West Brom have been taken over by Chinese businessman Guochuan Lai as Jemery Peace's time as the club's owner comes to an end.
The takeover of West Brom by Chinese billionaire Guochuan Lai has been completed.
The Premier League club announced in August that Jeremy Peace had agreed the sale of West Bromwich Albion Holdings Limited, which owns approximately 88 per cent of the club's parent entity West Bromwich Albion Group Limited, pending approval of the Financial Conduct Authority (FCA) and the Premier League.
And the final formalities have now been wrapped up to complete the sale to Yunyi Guokai (Shanghai) Sports Development Limited - a Chinese company controlled by Chinese billionaire Lai.