West Brom Chairman Shilen Patel has provided an update on Albion’s financial plans, stating that he is certain the club’s future is brighter and that they are in a much healthier position going forward.

Since becoming The Hawthorns’ controlling stakeholder over two years ago, the Florida-based billionaire has faced some challenges in guiding the club while seeking to comply with the EFL’s profit and sustainability requirements.

This has been largely due to mismanagement under the previous government of Guochuan Lai, with Patel and his team inheriting a club on the verge of bankruptcy and a points deduction.

West Brom suffered a £33.9 million loss in fiscal year 2023-24, forcing the Black Country club to reluctantly sanction the sale of their key first-team assets.

Albion were badly hit this season, losing Darnell Furlong, Torbjorn Heggem, and academy graduate Tom Fellows.

It’s no wonder that the Baggies are struggling in the Championship table, given that they’ve lost such outstanding second-tier players at both the back and in the final third, and they’ve spent much of the season under a novice coach in Ryan Mason.

Now, the long-term project will hopefully be established under Eric Ramsay, with the Shrewsbury-born Welshman charged with turning around an underperforming squad that is lacking confidence.

The 34-year-old manager will be heartened by Patel’s comments on their financial situation, with a considerably greater willingness to spend providing him the opportunity to stamp his authority on the playing team as his term continues.

Shilen Patel discusses West Brom’s financial update.

At Eric Ramsay’s first public press conference as West Brom manager, he was joined by Chairman and controlling shareholder Shilen Patel, who also fielded media questions regarding his latest hire.

In an interview with the BBC, he also discussed the club’s financial situation for the next summer.

The 45-year-old stated that he is convinced that the future is bright and that the club will be in a much healthier situation, allowing for additional investment in the playing roster as they prepare for the 2026–27 season.

Patel stated, “I believe we are.” This was the most hard of the three-year cycle due to the large number of PSR pieces we inherited.After making difficult decisions and reorganizing the squad, I am confident in our progress towards future compliance.Although there have been hurdles, the club is improving in areas within our control.We continue to be dedicated to making things better. We cannot promise perfection, but we can promise a dedication to improvement.

West Brom supporters can look forward to a successful future.

It’s been a difficult time for everyone involved with West Brom because of the club’s continuous financial problems.

It has severely hampered Bilkul’s ability to spend extensively in the playing team and pursue their goal of returning the club to the Premier League, and they have had to part ways with their top players in order to keep the club financially afloat.

It hasn’t helped that the leadership has made the incorrect decisions with their past two managerial appointments after Carlos Corberan left the club in December 2024, adding to the sadness of having coaches who can’t get the most out of the present playing roster.

They will be hoping that Ramsay can change their fortunes. Albion will have to see how far they can progress under the Welshman during the next 20 games of the season, since he is a similar taskmaster to Corberan in terms of attention to detail and cerebral temperament.

And if progress is made under a coach who is aggressive and has strong in-game management skills, hope may grow regarding the players he can bring into the building after their financial woes are resolved.

So, if Ramsay can establish himself to be a good Championship coach, combined with the ownership’s ability to invest more money in the playing side, Albion fans may be thrilled about where the club may go in the following years.