West Brom owner Guochuan Lai is becoming more and more agitated as he looks to rid himself of the club, according to Joseph Masi.
Chief sports writer for the Sunday People, Neil Moxley, recently reported that Lai had entered into an exclusivity agreement with a potential buyer.
However speaking on the Baggies Broadcast [08/04/21] Express and Star reporter Masi appeared to pour cold water on any idea that a deal is in the offing.
“I’m starting to think he’s getting more desperate to sell from things I hear which is a concern because you don’t want him to just sell to anyone,” he said.
“But as far as I’m aware nothing is close, there is a massive issue with the valuation of Albion. Obviously Lai bought it for the best part of £200m, I think there are people interested in buying it for roughly half of that.
“It’s a long way away. From what I gather there’s nothing imminent, and I’ve got to say with these stories, if you see me write something on a takeover, if you see Joe Chapman at the Birmingham Mail write something on it, if you see Steve Madeley write something on it, then I would feel like it’s picking up.”
No end in sight…yet
That’s not the news we wanted to hear but it’s not all that surprising given events of recent months.
Talk of a sale had gone quiet until reports started to resurface earlier this year but the issue has always seemed to centre around Lai’s valuation of the club, which is thought to be double what prospective buyers are willing to pay, as referenced by Masi.
The situation may become a bit clearer at the end of the season, though.
Once our league status is confirmed, either as a Championship or Premier League club, there should be more certainty on our future as Lai and interested parties will know the task ahead.
We would expect that relegation will see Lai drop down his £200m asking price given the finances that will be required to potentially overhaul the playing squad, amongst other issues.
That may just be the one saving grace of relegation – we might finally be rid of Lai.
In other West Brom news, Albion in hunt to sign 7-goal attacker who is a wanted man on the international scene.