West Brom: John Percy shares EFL owners and directors’ test update amid Hawthorns takeover race against time
John Percy has shared an update on the EFL owners and directors’ test as a potential takeover at West Brom is “edging closer”.
Writing on The Telegraph website on Tuesday (12 December), the journalist said the preferred party of the three interested consortiums – including one from the United States and another from Nigeria – would have to pass the test before completing a reported £30million deal with the Baggies’ controlling stakeholder Guochuan Lai.
He revealed that the test has been “toughened up” in recent years as Albion face a “race against time” to ensure Carlos Corberan’s squad isn’t picked apart in the January transfer window.
Nail-biting
These are certainly nail-biting times for West Brom fans as a potential takeover appears to be closer than it has ever been since the club were put up for sale.
The Baggies are yet another victim in this country who have been treated poorly by an ownership that has put the club at significant risk by its actions.
The takeover desperately needs to go through before January comes around as Corberan simply can’t afford for his squad to be ripped apart on the back of an excellent first half of the season under difficult circumstances.
While the club is available for £30million, the outstanding debts and loans that have been taken out are believed to take the price up to about £60million for any interested parties.
The biggest positive is that there is more than one consortium interested, so unless there is a last-minute change of the goalposts or none of them are deemed fit and proper, then Albion should have new owners soon.
In other West Brom news, Quashie was left gutted after an Albion development emerged.