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Patel agrees to pay off £3.7m WBA loan after ruling

Related Topics: Priti Patel, Jeremy Peace

West Bromwich Albion owner Shilen Patel has been saddled with an added financial burden following the conclusion of an external investigation which has left him with a further loan to repay.

An independent investigation was instigated by minority shareholders in December 2022 into a £3.7m loan in 2014 to the club's parent company - West Bromwich Albion Holdings Limited, still run then by former Baggies chairman Jeremy Peace.

The 18-month long investigation has now concluded - and it has been ruled that no further action will be taken.

But American businessman Patel, who took over the club in February, has agreed with the Football League to take on the responsibility of paying back that loan by June 2025.