Rusty Shackleford
Well-Known Member
Sorry if already posted. News story on BBC sport reporting that West Brom’s latest accounts show their Chinese owner took £4.95m out of the club, as a loan, to cover covid losses for one of his other businesses.
https://www.bbc.co.uk/sport/football/61992838
Claims he will pay the loan back, with interest, by the end of this year. Don’t know how much £5m would have helped the club last year had it been spent on a transfer for instance, but another example of how foreign ownership could easily betray your club at the drop of a hat. Doubt much damage was done this time but it doesn’t inspire confidence
https://www.bbc.co.uk/sport/football/61992838
Claims he will pay the loan back, with interest, by the end of this year. Don’t know how much £5m would have helped the club last year had it been spent on a transfer for instance, but another example of how foreign ownership could easily betray your club at the drop of a hat. Doubt much damage was done this time but it doesn’t inspire confidence