West Brom have announced that their takeover by Chinese group Yunyi Guokai Sports Development Limited has been completed.
The deal was ratified after the Financial Conduct Authority and the Premier League made the routine checks and were satisfied the takeover adheres to the rules and regulations.
The deal was initially announced in August and entails former chairman Jeremy Peace selling the club to Guochuan Lai, who controls Yunyi Guokai Sports Development Limited.
Former Blackburn chief executive John Williams was announced as their new chairman last month and the Premier League has had its Owners’ and Directors’ Test satisfied.
Lai said: “I’m delighted to complete the acquisition and to become the next steward of the club.
“I would like to thank Jeremy Peace for his leadership over the last 15 years and for laying the strong foundations for the next stage of the club’s development.
“I am excited to have the opportunity to support the club’s chairman, John Williams, and the team in building the club over the years ahead.”