Finance Expert predict added costs underneath surface ahead of West Brom takeover
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Brom columnist. Each week he’ll be giving his views on the biggest talking points at The Hawthorns...
Dan Plumley has insisted that any new West Brom owners will need to be aware of the added costs surrounding the club at The Hawthorns.
It comes after John Percy reported that a £60million takeover was close, which was then followed by Chris Lepkowski revealing club debt had passed £50million.
The finance expert admitted that is why takeovers can take so long to finalise as so many financials emerge from underneath the surface at all clubs.
“Those are the things that any investor has to factor in,” he exclusively told West Brom News.
“Yes, there is the purchase price of the club but then there is obviously any other debt you are taking on and the position with MSD, there is a lot of stuff around the edges at West Brom.
“The takeover price is at £60million, and it’s a relatively good one for the acquisition but there is a lot behind the scenes as well that you’ve got to take on.
“Once you start to factor that in and plan for the transfer window and plans for future progression then it does become a bigger package and that is why these things can take a bit of time because underneath the surface there are a lot of other financials that are in the mix that don’t get factored into the price necessarily.”
In other West Brom news, Plumley has also predicted that a change of ownership is needed at The Hawthorns