Ron Gourlay set to fund independent West Brom investigation into unpaid loan – report
Ron Gourlay has agreed in principle to fund an investigation into the West Brom loan with Jeremy Peace, according to the Liquidator.
It is shared that the £3.7million loan back in 2014 is still not repaid despite past promises from former chief executive Xu Ke [The Times].
Gourlay looks set to spearhead the independent investigation into the matter as we approach the end of the season.
Writing on the Liquidator Twitter account, all of the details were shared about the latest developments.
“Hearing that West Brom CEO Ron Gourlay has agreed “in principle” to fund an independent investigation into £3.7m loan to Jeremy Peace in 2014,” they wrote.
“Previous chief exec Xu Ke had promised it would be repaid in Feb but that hasn’t happened.”
Investigation.
This loan has been hanging over our heads for the past eight years with no progress being made in regards to repaying it.
Gourlay has been in his role for a matter of months and has already played a big part in the club, including the appointment of Steve Bruce.
Chris Lepkowski has already added that there will be confidentiality around the investigation, which is good news for all parties.
We are likely to not hear anything regarding the matter until a final outcome has been reached, with no one involved unlikely allowed to release information on progress.
The outcome may not reflect well on Xu Ke or the club based on past promises, but actively looking into it will hopefully bring the matter to a close in the coming weeks and months.
The sooner this is sorted, the sooner we can move on and start fresh at The Hawthorns, and that hopefully comes before next season and a big promotion push.
In other West Brom news, Steve Bruce has held talks over new Baggies signing since arriving with a work permit update shared
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