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PRIVACY
Economic Development

Review of 2016 - August: West Brom takeover, Assay Office in India and Specsavers jobs cull

August saw another Chinese investor plough money into the West Midlands with the purchase of West Bromwich Albion while Specsavers announced plans to close its manufacturing base in Aston

West Bromwich Albion found itself under new ownership in August

In a recurring theme for West Midlands football clubs, West Bromwich Albion was bought by Chinese investors in August.

West Brom then chairman Jeremy Peace announced a deal had been struck to sell West Bromwich Albion Holdings, the Baggies' parent company, to a Chinese investment group headed by Guochuan Lai.

Mr Peace stepped down as chairman after 14 years in the role and 16 years on the club's board and was replaced by John Williams, former chief executive and chairman of Blackburn Rovers.

It followed similar deals with Chinese investors during 2016 for Wolverhampton Wanderers and Aston Villa.

The campaign against the use of Birmingham's anchor assay symbol in India reared its head again in August.

Campaigners were hoping to have the matter raised in Parliament after it emerged earlier in 2016 that Assay Office Birmingham was opening a base in Mumbai.