West Bromwich Albion Group Limited has secured a £20million loan from MSD UK Holdings Limited.
The four-year loan, secured against all Group assets, will be used to finance the general business operations of the football club.
The club has corresponded with all Group shareholders in connection with the written shareholder resolution required to amend Group’s articles of association in relation to the loan.
Group Director, Xu Ke, said: “Group has secured a loan from MSD UK Holdings which will be used by the football club to support the funding of its general business operations.
“For the avoidance of doubt, the loan will only be spent on the purposes of the football club.”