Reply With QuoteYeah, keep it localOriginally Posted by Ericsladkilnhurst
Hall Of Fame
West Bromwich Albion -
A takeover as been agreed to takover the club, with American businessman Shilen Patel to become
West Bromwich Albion chairman.
After a deal to purchase an 87.8% stake in the championship club was agreed, the takeover by
Bilkul Football WBA, owned by Florida based Shilen Patel & his father Kiran Patel, has been
approved by the English Football League [EFL].
The deal to go through next week.
Hall Of Fame
Yeah, keep it local
Hall Of Fame
They might have a shop on the corner near the ground, or have a doctors surgery nearby.
Hall Of Fame
Perhaps our chairman is not advertising in the right places !
Hall Of Fame
I like elk”s retro references..🤣
Hall Of Fame
It'll all end in tears
Hall Of Fame
EFL Championship - West Bromich Albion - New Owner - & the MSD Holdings Loan
New Owner Shilen Patel - Buys Controlling Stake of 87.8% - February 2024
After West Bromwich Albion football club were in turmoil with former owner Guochuan Lai,
with the club having to borrow money from MSD Holdings to keep day to day running of
the club, while Lai took money out of the club to fund another business.
With West Bromich Albion FC said to owe MSD Holdings around £27m, a repayment
structure was set up, to pay the loan[s].
New owner Shilen Patel, has decided to carry on with the repayment structure, instead of
paying the loan in full.
The lenders MSD Holdings manage the wealth of American Billionaire Businessman
Michael Dell.
Hall Of Fame
Let me be the first to predict that it'll all end in tears
Hall Of Fame
The West Bromwich Albion loan stories go on, with former owner Guochuan Lai in the mix.
A businessman agreed to give a loan to former West Brom Owner Guochaun Lai, when Lai
was majority shareholder at the club.
West Bromwich Albion 2022 accounts revealed that Warmfront Holdings, owned by Alex Hearn,
had lent £2m to former Baggies majority shareholder Guochaun Lai.
The loan was taken out against 2.35% of shares held by Lai in the club.
The loan was due to be repaid earlier this year, but with Shilen Patel's purchase of Lai's
majority stake in the club , the re-payments on the loan have been restructed.
In a statement from Glaisyers ETL, who have acted for Hearn, the law firm have said
the West Midlands based busnessman has always wanted to help the club, in a
difficult period.
Thoughts - West Brom fans may be wondering, did the loan go into the club or to
outside interests.
Again the shares are Lai's to sell, but the loan was thought to be helping the club, thats
why Alex Hearn lent the money.
Last edited by Ericsladkilnhurst; 15-03-2024 at 03:24 PM.
Hall Of Fame
There's no wonder the man city investigation is taking so long with smaller teams like wba shenanigans
Posting Permissions