WBA Group upload new document to Companies House after West Brom update
The WBA Group has uploaded a new document to Companie House after a West Brom financing development has emerged.
The document, which was submitted on 22 November, confirmed the news that the Baggies have secured £20million in additional funding from MSD UK Holdings Limited after it was officially announced in a statement on the club’s website on Monday (27 November).
That figure adds to the £20million Albion already received from the American lender in 2022, with the money taken out against club assets such as the stadium and training ground.
Concerning
The document is just confirmation of the news that West Brom have lent more money from MSD, further adding to the debts surrounding the club.
It’s particularly concerning because it means a potential takeover isn’t quite as far down the line as many believed it perhaps was, otherwise, you would think the extra financing wouldn’t be necessary.
It also means the new prospective owners are likely to be saddled with the debt built up by the current administration, potentially limiting what they can initially do to put the club in a strong position moving forward.
It’s quite unbelievable that Carlos Corberan has been able to get so much out of his Albion players in the opening few months of this season despite all the anxiety surrounding the behind-the-scenes issues.
He will just be hoping that there are no further developments that could derail their campaign ahead of the January transfer window as they look to fight for promotion back to the Premier League.
In other West Brom news, a takeover development has emerged at the Hawthorns.