West Brom takeover “closer now than it has been at any point”. Now in full

Football League World provides the latest updates on West Bromwich Albion’s ongoing takeover situation. Despite the club facing financial challenges, there is optimism that a takeover could alleviate concerns. Guochuan Lai’s ownership has been marked by difficulties, including two relegations, leading to the current extended period outside the Premier League.

To address financial issues, West Brom took a £20 million loan from MSD Holdings, prompting a need to prioritize player departures during the summer transfer window. However, under the management of Carlos Corberan, the team has performed well and is just outside the play-off places, despite injury challenges.

Looking ahead, the Baggies face a tough series of fixtures post the international break, aiming to maintain consistent results for a shot at promotion back to the Premier League. The hope is that a takeover, potentially occurring at the beginning of the new year, will secure the club’s financial stability. Reports suggest that failure to finalize a deal might force West Brom into selling valuable assets.

Football League World reports that the West Brom takeover is now closer than ever, with three parties expressing strong interest, all with apparent links to the United States. The estimated price, including settling the MSD loan, is around £60 million. The talks involve a USA-based consortium, with club director Xu Ke spearheading the sales process for Lai. Sports lawyer David Hinchcliffe, experienced in English football takeovers, has been seen at The Hawthorns, indicating progress.

Journalist Chris Lepkowski, speaking on The Liquidator podcast, anticipates developments in the next couple of weeks. While the identity of the potential new owner isn’t finalized, there are multiple parties in discussions. Lepkowski suggests that more information about the new owner may surface in the coming weeks.

Regarding player interest, potential West Brom owners express a desire to retain academy graduate Tom Fellows, who has attracted attention from various clubs. The unnamed buyers want Fellows to stay, but Southampton and Leicester City are monitoring the situation, eyeing a potential move in the January transfer window.