West Brom takeover news: ‘Huge’ verdict emerges at The Hawthorns already
Dan Plumley has admitted that Shilen Patel finally getting his takeover of West Brom over the line is “huge” for the club and its fans.
Bilkul Football WBA, LLC – a company owned by Patel and his father, has reached an agreement to acquire Guochuan Lai’s 87.8 per cent majority shareholding.
The football finance expert admitted that questions on outstanding loans and the uncertainty at The Hawthorns can finally be put to bed.
“It’s huge,” he exclusively told West Brom News.
“You’ve seen the fan reaction over the weekend, you’ve seen the media reaction and some of the stories that have gone back and tracked back through some of the history we have spoken at length about if you look at all of those factors, the financial situation hasn’t been great, they didn’t get back into the Premier League when they perhaps wanted to in that immediate couple of years after relegation.
“All the other ins and outs and how the owners dealt with the business, the loans, the outstanding loans and all those other collateral, this had to come to a head at some point.
“It’s been back and forth, multiple times to get a deal over the line, which looks on paper a really good deal for the club is massive for West Brom.
“Now, finally, you hope you can look to focus more on the next phase of the club’s development and it’s a good season at the minute, who knows where that may end up and you could really start to take the positives and move forward, rather than keep saying ‘what about the ownership and what about the takeover’, that seems to have been put to bed now which is positive news for the club.”
West Brom seal huge Shilen Patel takeover
Patel is said to be paying off £40million worth of debt for the takeover, more than he is actually paying Lai for the deal.
With everything set to be confirmed fully, it looks as though positivity is sticking around at The Hawthorns for good.
In other West Brom news, the club have been urged to hand four players new contracts to avoid promotion disappointment.
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