Tom Ross has responded to the latest update from West Brom, where the owners have secured additional funding from MSD UK Holdings Limited. Ross views this as positive news for Baggies fans, stating on Twitter that they should be pleased with the ownership group’s decision to borrow more funds on top of the £20 million received from an American lender in 2022.
However, this development raises concerns for the club, especially amid an ongoing takeover bid. The accumulation of debts could potentially complicate the completion of the deal. Ross’s reaction, seen as optimistic, is deemed peculiar by some. The reality is that the news is not favorable for West Brom supporters, as the club faces a deeper financial crisis with increasing debts owed to various lenders, including Guochuan Lai and the ownership group.
Great news Baggies fans https://t.co/EfvXmUERsj
— Tom Ross (@thegoalzone) November 27, 2023
The ongoing takeover talks are already intricate due to West Brom’s challenging financial situation. Balancing the books and settling debts has become crucial for the club’s future. The continuous pursuit of loans by the current owners suggests that they might not be the ones to clear the mounting debt. The possibility of a January fire sale to raise funds has been discussed as a solution if the takeover stalls. Despite this, the official club statement asserts that Lai will continue engaging with potential takeover parties.