The West Brom purchase is expected to be completed in mid-January, according to the Express & Star.
On Wednesday (13 December), the newspaper stated on its website 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 cover the bills while talks are ongoing.
It went on to say that in an ideal scenario, a deal would be completed by the middle of January as the Baggies attempt to shore up their finances and on the pitch, with a US consortium thought to be the leading contender.
Race against time
Due to the club’s serious financial problems, a West Brom acquisition would be a race against the clock.
While MSD Holdings’ latest loan has pushed the can down the road, whomever takes over will have to pick up the tab.
The club is worth between £30 and £35 million, but current debts raise the fee to around £60 million as three consortiums compete for a deal.
The American group appears to be the obvious leader at this time, and it will be trying to finalize the takeover as soon as possible to ensure no player sales are required in January to balance the books.
The situation remains precarious, but there are reasons for Baggies supporters to be optimistic that a takeover will be completed soon.
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