Albion to take out a loan for £25m

[soulman101]

https://www.dailymail.co.uk/sport/fo...transfers.html
Don't like the sound of this.
So Lai owes us £11.5m and we have to take out a loan for £25m at 10% interest.

[mickd1961]

We're going to Hell in a handcart, this is an extremely serious turn of events.

[kettering_baggie]

Doesn’t sound good, does it?

[mickd1961]

10% interest FFS.

Our owner is a charlatan, I f u c k I n g hated him from the moment I set eyes on the diminutive foetus.

We never get any luck, my last 50 years have been constantly blighted by owners who were either inept or outright snakes.

I think we’ll end up as a “Phoenix club” and have to start up again.

We’ll be playing “home” games at Halesowen’s ground whilst our spiritual home becomes housing.

Mark my words on this.

[DaveP67 is back!]

Very worrying!
I’m fine with this if the loan is secured against one of Lai’s other companies, worryingly it won’t be! Surely any sane person can see this is a very bad thing, Lai is gambling with the institution he should be safe custodian of. How may good clubs have gone into administration on the back of this type of madness, the FA need to step in here.

[Pugmitch]

Except it won’t be. The only asset the private equity firm MSD holdings will be interested in will be the shrine. This company have been lending to football clubs for a while now, including Derby!
I can forecast a new housing estate with road names like Jeff Astle Way and Tony Brown Close.
This is the beginning of the end…….Lai’s a right barsteward and no mistake…….it’s all going to end in tears!

[DaveP67 is back!]

Except it won’t be. The only asset the private equity firm MSD holdings will be interested in will be the shrine. This company have been lending to football clubs for a while now, including Derby!
I can forecast a new housing estate with road names like Jeff Astle Way and Tony Brown Close.
This is the beginning of the end…….Lai’s a right barsteward and no mistake…….it’s all going to end in tears!

If the have form for this and lent to Derby then they are asset strippers, nothing less. What a mess, I have raised this with Action for Albion who are investigating.

[Epsombaggie]

Very depressing read and I can't see this ending well

[boingy]

It won’t be seen in new players.

[baggiematt]

Don’t we always do this? I’m sure this happened a few years back and the club said it was just a temporary loan until the parachute payments were made in April.