West Brom fans know that the club’s financial situation isn’t great. But new suggestions may cause more fear among the Baggies faithful.
West Brom’s off-field issues have become more pressing with every season.
Owner Guochuan Lai has come under increasing scrutiny for his poor running of the club and mishandling of finances, with the most recent summer transfer window perhaps marking a distinct downturn of the club’s financial situation.
The Baggies were in a position where player sales were at the fore, though only Dara O’Shea would eventually leave, with signings at a minimum.
Since, West Brom confirmed that they’ve taken a further loan from MSD, on top of the £20million they previously loaned from MSD at the end of 2022.
West Brom funds set to run out in 2024, say Lepkowski
Speaking on the most recent episode of The Liquidator podcast, journalist Chris Lepkowski revealed that the latest MSD loan adds a further £7.5million on top West Brom’s current debt.
“I’ve heard that it’s in the region of £7.5million, from various people I’ve spoken to on this matter who would know, shall we say,” he said.
And Lepkowski also laid bare the severity of West Brom’s financial woes, going on to say:
“We need this. We need this to loan to tide us over during January. Somebody I know very well, who again would know about these things, has expressed extreme concerns, shall we say, that the money is due to dry up in January, February time. If the takeover hasn’t been completed by then, we get into very awkward territory where, of course, we might have problems; extreme financial problems.”
Desperate times for the Baggies
It certainly seems like 2024, and January, will be make or break for West Brom.
Takeover talks are ongoing and as per recent revelations from John Percy, it seems like everything is moving in the right direction.
But time isn’t on West Brom’s side.
They need a takeover in January or else 2024 could become a very dark and miserable time for the club, at least off the field.
On it, Carlos Corberan continues to deliver results and that’ll do West Brom a world of good when trying to find new owners, as it certainly makes them a more attractive purchase for the potential buyer.
The Spaniard though needs funding. He needs backing to keep his side’s promotion bid on track, and the club needs to show Corberan backing to keep him happy at The Hawthorns.
His fine work this season won’t be going unnoticed and in the New Year or next summer, there could be clubs looking at Corberan as a potential option.
And if West Brom’s takeover situation isn’t sorted by then, Corberan may well reconsider his future and feel as though he could have a better career elsewhere.
Time is of the essence and next month certainly seems like a pivotal one for West Brom, who could quickly find themselves in an irreversible financial mess.