Shiren Patel is set to become chairman of West Bromwich Albion after a deal was agreed to buy him an 87.8% stake in the Championship club.
The acquisition by Florida-based Birkul Football WBA, owned by Patel and his father Kiran Patel, has been approved by the English Football League.
“We look forward to completing the deal next week,” said Shiren Patel.
Albion, currently in fifth place in the second division, have been owned by Lai Guochuan since 2016.
BBC Sport reported in January. That Patel has become an important candidate to take control of the club.
“We are excited and grateful to have reached an agreement to become the patron of West Bromwich Albion Football Club,” he said in a statement from the club.
“This club's extraordinary history, support and potential make it stand out even here in the birthplace of football.
“My aim is to help the club achieve a future worthy of its history as a pioneering, first-class club that brings together the pride and passion that has defined Albion for generations.”
Albion confirmed in November that they have took out another loan for an unspecified amount In addition to the £20m it borrowed in December 2022, it received funding from American investment group MSD Holdings to support “ongoing funding”.
The Baggies have not played in the Premier League since being relegated at the end of the 2020-21 season.
They host third-placed Southampton at the Hawthorns on Friday (8pm CET).
