Finance expert issues documents amid West Brom takeover development
Kieran Maguire has shared that the new MSD loan to the West Brom parent company has been secured through the Hawthorns.
The finance expert claims that this filters through the club and will go towards funding the players’ wages in November, according to The Price of Football podcast [30 November].
It was announced on 27 November that West Bromwich Albion Group Limited has increased the £20million loan amid the ongoing takeover of the club.
Maguire wrote on Twitter, “As feared, the new MSD loan to the West Brom parent company also filters through to the football club and is secured on the Hawthorns.”
Not ideal
West Brom’s facing a loan secured on their stadium from the MSD fund raises concerns for the football club.
Securing a loan on their home ground puts the stadium at risk if the club fails to meet financial obligations. as this could lead to potential ownership issues and instability.
Additionally, loans tied to the parent company’s financial health may result in stringent financial constraints for West Brom, affecting their ability to invest in player transfers, facilities, and overall team development.
The Baggies’ performance on the pitch might suffer due to financial constraints, impacting their competitiveness in the league.
Fans may also worry about the long-term sustainability of the club, as a stadium acting as collateral underscores financial challenges.
Hopefully, this decision does not have dire long-term consequences as the Baggies fans deserve to have a strong leadership in place as this club has the potential and resources to make it back up to the Premier League and stay there.
In other West Brom news, Guochuan Lai appears to be very close to an exit from the Hawthorns amid a recent development involving a takeover specialist.