Ken promises £5million loan will be repaid to West Brom in February
West Brom CEO Xu Ke has promised fans that a £5million loan to Jeremy Peace’s holding company will be repaid, according to The Times.
Ken reportedly claims that a £3.7million club loan to the Baggies previous owner in 2014 will be repaid with £1.3million interest by the end of next month (February).
The Albion chief executive has promised that either Guochuan Lai will repay the club the £5million from the holding company he bought from Peace or through a dividend to shareholders.
However, the West Brom faithful very much prefer the former over the latter, as it should provide the coffers with much-needed cash flow.
Needed earlier
Valerien Ismael could do with more cash in the January transfer window after Daryl Dike was landed in the opening hours of the month.
The USA international striker is expected to help the club improve in front of goal after recent struggles, but they really need to strengthen more to boost their promotion chances.
The owner had not invested in the club in five-and-a-half years before £7million was spent on Dike’s signature [Sportsmail], and it remains to be seen if more arrivals are to be expected.
£5million surely can get one or two decent additions in before the winter market shuts, but that cash injection has to wait until February.
Ismael needs to sort a lot of things out if he is to lead the team to the top-flight at the first time of asking.
With no wins in their last four Championship games, and with four teams closing in on them for a spot in the play-offs places, the Frenchman knows changes have to happen sooner rather than later.
His side have scored 11 goals in their last 16 games, and failure to improve in the final third could prove very costly going forward.
In other West Brom news, a club has given the green light as Baggies eye January move for int’l striker
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