West Brom are in ‘danger’ as loan details emerge – Matt Slater
West Brom are in “danger” after the club secured a £20 million loan to finance the running of the football club, as suggested by Matt Slater.
The Atheltic journalist has shared on Twitter that there’s “no doubt” that the Baggies are in real trouble at the moment.
He has questioned who is to blame for the current mess – is it the current owner Guochuan Lai or the previous owner, Jeremy Peace?
Slater wrote on Twitter: “For the avoidance of doubt…” Oh, there’s no doubt about it. WBA are in danger. But who’s to blame? The chancer with no links to club/city/country who bought the club to…Or the local guy who controversially engineered the sale, making £150m, which he took to a tax haven?”
Danger
The Baggies confirmed on Wednesday (28 December) that a four-year loan has been secured against all of their assets and it will be used to finance the general business operations of the football club.
West Brom had always been a well-run club, but they are in a complete mess at the moment.
This is really frustrating for the fans, and Slater has a point here. Lai is a Chinese businessman who is hardly involved in the day-to-day running of the club.
He doesn’t come to watch games, he doesn’t meet the fans, and to make matter worse he is missing his deadlines for the repayment of loans. He is simply waiting for the right opportunity to sell the club.
Lai is unaware of the football culture in the United Kingdom and therefore Peace gets the blame for selling the club to him in the first place.
It is a big gamble taken by the Baggies. Carlos Corberan has done an incredible job so far but if the Baggies fail to secure promotion to the Premier League in the next two years, they could be in real financial trouble.
In other West Brom news, Jake Livermore is facing an uncertain future after the latest Carlos Corberan decision