West Brom owners Bilkul confirm share issue to minority shareholders

Chairman Shilen Patel has made an offer to buy shares at a set price, while there are also options for minority shareholders to retain shares or buy more themselves.

Bilkul are converting interest-free loans of £10,227,000 to the club into equity.

Minority shareholders, many of whom are represented by the group Shareholders 4 Albion (S4A), were written to by Patel with the offer on Tuesday.

The offer per share to be purchased or sold is £1,210.58.

WBA Group is West Bromwich Albion Football Club's parent company, which was controlled by former chairman Guochuan Lai and the controlling interest was purchased by Patel's Bilkul in February 2024 in a deal worth around £60million including all debts.

Bilkul took a controlling stake of 87.8 per cent of WBA Group's share capital. The other 12 per cent belongs to minority shareholders, reported by S4A total around 430 people.

In a letter, seen by the Express & Star, minority shareholders were given three options in response. The correspondence comes two weeks before an AGM at The Hawthorns on April 16 and members have until two weeks after the AGM to make a decision.