Quote Originally Posted by DaveP67 is back! View Post
Please listen to the latest liquidator podcast! Lepkowski and Goldberg have Football finance expert Kieran Maguire on to talk about the clubs accounts! Really concerning, to break it down a bit Lai borrowed 4.9 million, a 2.0 debenture (effective mortgage) against the hawthorns and still owes the 5.0 million load passed on by peace, so a total of 12m has been borrowed from the club, by my reckoning and it’s via a very optimistic 120m valuation of the club we have lost 10% in value, not withstanding the outrage that we are being used as a cheap overdraft facility!
Seriously Lai must go now we are on the slippery slope to becoming a Derby..

Lai has seriously overpaid and he is on course to asset strip anything and everything- parachute payments , the ground, players if any can be sold. He wants out and will just keep draining the club til his loss is acceptable to him. That may take years and the football can end up wherever it does- he doesn't care- he just wants out and why should he care tbh- he has had dog's abuse from the fans from almost day 1.

Lai is a fool Peace is the only culprit