West Brom to receive £10m cash injection from upcoming transfer instalments
West Bromwich Albion are set for a significant £10 million cash injection to ease their finances during the coronavirus pandemic.
Albion are owed millions in transfer fee instalments after selling Jay Rodriguez, Craig Dawson and Salomon Rondon last summer and the Championship club are poised to receive a substantial chunk of money in the next two months.
Rodriguez was sold to Burnley last July for an initial £5 million, with the remaining £5 million fee to be paid for the striker by the end of July.
Dawson, the defender, joined Watford last summer for a fee worth up to £5.5 million and West Brom are owed a further instalment on the sale in around ten weeks’ time.
The Championship club are also due a payment in August for Venezuela international Rondon’s £16.5 million move to Chinese Super League club Dalian Yifang, taking the overall fees owed to West Brom in excess of the £10 million mark.
Albion had budgeted for the income before the COVID-19 shutdown but during such a period of uncertainty are now expecting the money to effectively keep the club running for the foreseeable future.
Last month it was revealed that West Brom’s chief executive Mark Jenkins is working for free during the season’s suspension, with senior management staff also offering to take significant wage reductions to help stabilise the club’s finances.
Unlike the majority of clubs in the second tier, Albion have also not discussed pay deferrals or wage cuts with their squad at this stage.
Jenkins said: "Everybody is fully aware these are very uncertain times in which we simply cannot forecast what the future holds.
“Until we regain a level of certainty, we cannot be sure if planned income will actually be received or if we will be forced to utilise cash the club already holds to refund existing commitments.”
Albion were second in the Championship when the season was suspended in March, one point behind leaders Leeds United and six points clear of third-placed Fulham.
Meanwhile, Slaven Bilic and his players underwent coronavirus testing at the club training ground on Thursday ahead of a possible restart on Monday.
It is understood that Albion fully intend to finish the season by playing their remaining nine league matches.
