The Express and Star have mooted a mid-January completion date for the West Brom takeover to go through.
The newspaper reported on its website on Wednesday (13 December) that the “clock is ticking” for Albion to make a deal work for the start of next year after recently taking out a second loan from MSD Holdings to pay the bills while talks are ongoing.
It added that an ideal world would see a deal completed by the middle of January as the Baggies look to stabilise themselves on the pitch and in terms of the balance sheets, with a US consortium believed to be the leading contender.
Race against time
It is a race against time for a West Brom takeover to go through due to the concerning financial issues surrounding the club.
While the latest loan from MSD Holdings has kicked the can down the road, whoever takes over is going to have to pick up that debt.
The club is valued at about £30million-£35million, but the existing debts take the fee up to about £60million as three consortiums are battling it out to secure a deal.
It appears as though the American group is the clear leader at this moment in time and it will be looking to complete the takeover as quickly as possible to ensure no player sales are required in January to balance the books.
The situation is still very much on a knife edge, but there are reasons for the Baggies supporters to be optimistic that a takeover will be completed before too long.
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