Arif Patel Son Buys Stake In PNE UK (Preston North End).
Hussain Patel, the son of multi-millionaire Arif Patel, bought the 6.53% stake in the Preston city's football club, from former chief executive Steve Jackson in a deal worth more than £300,000.
The deal makes the Lancaster Royal Grammar School student, the club's fourth-largest shareholder.
Chairman Derek Shaw, said: "We welcome the Patel family.
"I have know Arif Patel for 30 years as a shareholder, and he has many successful local businesses.
However, he ruled out the possibility of new investment in the club.
He added: "At this stage there will be no new investment in Preston North End.
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