Football Insider has been told by Kieran Maguire that there could be a 'spanner in the works' regarding West Brom and their £60million takeover.
The EFL may not green light a takeover of West Brom if the bidder’s wealth is made from cryptocurrency.about a potential takeover of the Baggies., crypto investor Fred Chesnais is in talks with West Brom over a £60million takeover.
Current Baggies owner Guochuan Lai spent £200million to purchase the club but is now willing to accept a huge loss to sell his stake. It is understood that Lai is desperate to sell the Championship club, and Chesnais is willing to make a cash offer for all of the club’s assets, including the training ground and The Hawthorns.
However, Maguire believes the source of Chesnais’ wealth could throw a ‘spanner in the works’ when it comes to getting approval from the EFL.
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