West Bromwich Albion’s takeover by Chinese investment group Yunyi Guokai (Shanghai) Sports Development Ltd has been completed, the Premier League club said yesterday.

The deal was originally announced in August after former chairman Jeremy Peace agreed to sell the club to the group led by Guochuan Lai.

“It has been a tremendous privilege to lead the Albion,” Peace said in a statement.

“I am proud that 11 of my 15 seasons as Chairman have been spent in the Premier League whilst three others brought automatic promotion from the (second tier) Championship.”

On his part, Lai said:“I’m delighted to complete the acquisition and to become the next steward of the club.”

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