West Brom announce ownership update amid takeover speculation

West Bromwich Albion have announced further funding has been secured from American lender MSD UK Holdings Limited, adding to the £20 million loan from December 2022.

Club chairman Guochuan Lai is still in the process of engaging with parties interested in a majority takeover of the football club. Before anything can be completed, however, more funds had to be acquired to support general business operations.

It's a small update but one nonetheless as the Baggies look to secure a new majority shareholding mid-season. Supporters will be hoping for more news as soon as possible as the interest on loans will only be racking up further the longer this goes on.