Chinese buy Premier league team

Two of Britain's oldest soccer clubs now owned by Shanghai investors, latest in acquisitions

West Bromwich Albion, an English soccer club, became the first Premiership side to be acquired by Chinese owners when it announced a Shanghai-based group had bought a controlling stake.

No price was given in the club's announcement but outgoing chairman Jeremy Peace had previously been seeking about 150 million pounds ($197 million) for his 88 percent stake.