July 5, 2024

The club’s controlling shareholder was drawn closer by a US speculator arranged to pay £200million – generally the same as the Chinese businessman had paid Jeremy Peace 12 months already – for his 88 per cent stake.

Lai rejected the offer out of hand.

“My data is there was an enquiry,” clarified Baggies chairman John Williams when news of the offered developed. “Our larger part shareholder made it clear he needed to hold control of the club and proceed his plans for its continuous development.”

As he presently at last plans to leave The Hawthorns a few six-and-a-half a long time afterward, it is troublesome to accept Lai does not reflect on that minute and jump.

The sum he will presently by and by get as a result of Shilen Patel’s takeover will be less than a 10th of that advertised in 2017, with the bulk of the £60m bundle the Florida business person has put together for his shareholding instep utilized to pay off the club’s obligations totalling £40m.

 

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