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Lai wont sell while theres the slightest chance of that pot of gold, the PL next year. That would allow him to recoup more on selling. If they dont get up he will asset strip and strip the carcass of the club before relinquishing control. This is an horrific prospect for the club, who will be punished by the league and probably end up in league 1, and in administration. Theres about a 1/6 chance of promotion at best so its a £30M bet to hope to win the pot.
This all sounds familier. Dodgy Chinese billionaire lumbering debt on the club. We are in real desperate straits at Reading. Even though the club is up for sale, we dont know who will buy, and potential buyers are being put off by the owner. He has stopped funding and staff dont know know if they are getting paid. Sponsors are paying the bills and HMRC are knocking at the door.
Although I'm no fan of Guochuan Lai, the real villain is JEREMY PEACE. It was his pure unadulterated greed that has caused West Brom's current predicament. Gullible Guochuan Lai just happened to come along and fall into the clutches of that vulture Jeremy Peace. Peace sold the club for an overinflated price along with his own debts to a naïve Lai, who was way too eager to jump on the bandwagon of owning a Premier League club and to be associated with all the glory and trappings that come with it. Guochuan Lai, the world's poorest 'billionaire', has been a disaster, however, the source of this catastrophe lies at the door of Jeremy Peace, and whoever takes over the club should slap a lifetime ban on supposed WBA fan Peace to ensure that he's never allowed to enter The Hawthorns again.
