West Bromwich Albion has recently acquired an additional loan from MSD Holdings in their ongoing efforts to facilitate a takeover in the coming days. The football club has officially acknowledged that they’ve once again secured financial support from MSD Holdings, aimed at ensuring stability throughout the ongoing takeover proceedings. The West Bromwich Albion Group has taken this measure to guarantee the availability of funds for their day-to-day operations in the foreseeable future, especially as the primary stakeholder, Guochuan Lai, engages with potential investors.
The specific amount of the recent loan, already fully utilized and deposited into the club’s bank account, remains undisclosed due to its commercial sensitivity. It is anticipated that the interest rate agreed upon with MSD Holdings for the £20 million loan from the previous year is applicable to this recent financial injection as well.