Hammers can borrow up to £120m from computer tycoon
The new loan was concluded last month on 26th February and is secured on all assets of the club.
MSD Holdings are a newly-established investment group set-up to manage the wealth of billionaire technology tycoon Michael Dell, who last year was mentioned as a potential ‘passive, minority investor’ in a deal to buy Sunderland. They also provided a loan to Derby County.
The club also took out a £55m loan from Media Rights and Funding repayable in July 2021 after settling a £63.5m to the same company in August last year with interest revealed at 5.65%.
Another loan of almost £1m was borrowed for Chadwell Heath development which is repayable in July 2023.
The Hammers also took out a £20m short term loan from Barclays bank which is also repayable in July 2021 taking their total lending potentially to £196m over the three loans.
The loans are in addition to a £30m cash injection from a share rights issue from existing shareholders.