MSD

The company also assumed the lease from the GSA and took a $28 million loan from Trump himself, as well as a $285 loan from the merchant bank BDT & MSD Partners, to finance its new investment.

Last summer, CGI Merchant Group missed a loan payment for the first time, leading to BDT & MSD initiating foreclosure proceedings.

BDT & MSD Partners, an American global merchant bank, have worked with Chelsea as financial advisors on a potential minority investment in the club.

The research was carried out in collaboration with the University of Cambridge, jointly funded by the Alzheimer's Society and an MSD research grant.

In November, the Baggies confirmed they had taken out another loan for an unspecified amount from American investment group MSD Holdings, on top of the £20m they borrowed in December 2022, to help with "ongoing funding".