West Brom ask for £5m loan to be repaid as club fears January firesale of players

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West Brom ask for £5m loan to be repaid as club fears January firesale of players
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The Baggies' wage bill has been reduced by 16% already and needs to go further as financial worries deepen after a disappointing summer

has learned that Mark Miles, who was appointed as managing director in July, has now written to West Bromwich Albion Group, the club’s parent company, to find out if the money will be returned. Officials from WBA Group are attempting to contact Wisdom Smart.Following huge pressure from fan groups – including campaign group Action For Albion and Shareholders For Albion , a group of around 400 fans who own the remaining 12 per cent of West Brom – Lai has put West Brom up for sale.

The issue has been raised in Parliament by local MP Nicola Richards while Action For Albion founder Alistair Jones and S4A chairman Leigh Kent also discussed it with West Midlands mayor Andy Street. West Brom are now in their third successive season in the Championship and the tens of millions in parachute payments – paid by the Premier League to support clubs relegated from the top flight – have ended, leaving them in troubling economic times.has been told.

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