West Brom takeover drags on after new update at The Hawthorns – Expert
Dan Plumley has insisted that outstanding loans will only add to the negotiations included in any potential West Brom takeover in the near future.
The finance expert admitted that it is no surprise from a business perspective that it is taking time at The Hawthorns, with talks needed to unpack the situation.
It comes after The Athletic reported on January 15 that it is likely that any new owners will take on the responsibility of returning outstanding money to the club and the debt attached as well.
“These things are not straightforward,” he exclusively told West Brom News.
“When you’ve got a situation as complex as the West Brom situation has played out to be, with that outstanding loan and negotiations over the top of that, and the missed deadlines linked to that loan, it’s dragged on and on.
“There are other things in the mix with the loans from MSD and others, and it does take a lot of time to unpick that. I guess that is no comfort for the fans, but it’s no surprise from a business side of things that these things take time.
“I keep going back to this notion of sporting performance and how that dictates as well, any investor or ownership consortium, whoever it is looking to purchase that club, is also looking at the league table and there are pros and cons to the timing of the deal given where West Brom are right now, but where they might be in the summer.”
West Brom need that takeover
US businessman Shilen Patel is said to be the frontrunner to take over the club, but after concerning scenes against Wolves and Birmingham, small doubts have emerged.
Carlos Corberan is doing everything he can to keep the ship steady on the pitch, with his side currently fifth in the Championship, but rocky waters remain off it.
In other West Brom news, Don Goodman has made his playoff prediction.
For more West Brom news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.