West Brom takeover news: Chris Lepkowski reacts with wage bill admission made
Chris Lepkowski has reacted to a recent West Brom takeover development but has raised the importance of reducing the wage bill.
Express and Star reported on 13 December that a crunch period of negotiations is ongoing with a deal looking to be completed by January.
The clock is ticking for the Baggies as they’ve recently taken a second loan from MSD Holdings to help with the running of the club.
Via Twitter, Lepkowski, a former Birmingham Mail journalist, wrote, “The takeover news from a few days ago is certainly encouraging but the situation remains that the wage bill needs to be reduced 𝘪𝘳𝘳𝘦𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦 of any acquisition. This is where #wba are (as are other Championship clubs). Fingers crossed a takeover lands in early January.”
The Baggies fans have many reasons for excitement as the club enters advanced negotiations with a leading United States consortium for a potential takeover but they know they have to be patient.
The prospective buyers have engaged with the staff, expressing ambitious plans for both on-field success and off-field development, promising significant investments.
This comes at a crucial time for the club, with Guochuan Lai looking to sell his majority shares and the club in need of financial stability.
However, amidst the optimism, there’s a pressing need for the club to address its financial challenges and these things can often take time.
The existing situation demands a reduction in the squad’s wage bill, with the club having recently taken a second loan to cover expenses until a takeover is finalised.
Despite the potential takeover, the club is preparing for any eventuality, considering realistic offers and acknowledging the need to secure a stable financial foundation.
Balancing the excitement of new ownership, fans are also aware of the financial realities, understanding that addressing the wage bill is crucial for the club’s long-term sustainability and competitiveness so any drastic changes must not be expected in the short term.
In other West Brom news, a near £7billion development may shape the club’s January plans with Carlos Corberan to be demanding.