WE are in a terrible mess because-
1]
Lai paid way too much about 100m too much
2]
He has no interest in WBAFC - it was part of a business strategy - a flagship premier league club to aid his China business interests
3]
That strategy has failed
4]
I believe he has decided not to invest to get out of the Championship but to invest in personally getting out
5]
So he takes the parachute payments, pays very little for players or managers
6]
Where we end up is not his concern- 135m in para pay over 3 seasons - sells club on for 50m
7]
He gets away with small profit and washes his hands of a failed investment and business strategy
If you accept that then it will make sense.
WE have to wait for Lai to get his money back- so another 2.5 seasons.
Suck it up- and hope after it all we are still in the championship and can build from there with new owner , new management , new players
I think we all know that Lai has no interest in West Bromwich Albion as a football club. From the word go it has been all about the money. He visits the Hawthorns 'once in a blue moon' which shows his actual interest in us. While I agree that Darren Moore is not covering himself with glory it is Lai who must shoulder most of the blame. No investment, no interest, can't wait to to recoup his money and ride off into the sunset. Trust us to cop an owner like him. The problem is that nobody is going to pay the sort of money to buy him out as our value has diminished substantially, plus the fact that he paid too much in the first place. Our only option is to battle on and sadly replace Moore in the near future if things don't improve. Not an ideal situation!
Spot on.......as I have said all along. It was just a financial investment. If we had survived a couple more years in the Prem he would have made money.......now it's waiting for para payments. Perhaps it's a good thing in the long term ...... deter these parasites from ever buying in.....Meanwhile the fans suffer.
Thought there were supposed to be some FA rules about "fit and proper" owners
Peace cost us big time. Fossan looked at Villa would have cost over 200m with all there debts, Albion overpriced and then wolves £30m .
One winner Peace.
Soulman, if you owned a corner shop with a flat above it in which you reside, worth, say a £100,000. You put the flat and shop on the market, intending to leave the area and retire, A gentleman from afar does his due diligence and offers you £300,000. Your customers say please don’t sell to him because he plans to turn the corner shop into a shoe shop and we will have to go a long way to get our shopping.
What you do? Well I know what anyone would do. I know the UK,s top accountant would suggest you take the £100,000 because they know the value of those customers thoughts and how they loved you for charging them inflated prices for years to keep your little shop in the black. They would lose £200,000 because they believe the customers have some kind of ownership of something they utilised but actually never did own and have no right to.
How the people who used the shop for years spent there money is for them. They utilised a service as football fans do for their entertainment (or not). They follow something that they do not own, control and have little, if any say in what goes on within that club.
One man though, one who shopped cautiously over years, saving £600.00 or more a week, well he now owns a supermarket so never goes hungry, unlike the silly little accountant who holds a grudge tighter than a rusted nut, the one who despises the shop keeper for doing sound business, the one who now walks to the supermarket to buy his groceries then slinks home to moan about all that befalls his ruined accountancy career.
The shop keeper, now retired, is enjoying his well earned retirement.
Last edited by Baggiemadguern; 05-11-2018 at 07:58 AM.