Finance Expert: Red flags as Guochuan Lai deadline appears to pass for West Brom loan again
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Brom columnist. Each week he’ll be giving his views on the biggest talking points at The Hawthorns...
Dan Plumley has insisted that Guochuan Lai actually having the cash to repay his West Brom loan could be the first warning sign and red flag that it isn’t coming.
Lai promised that the £4.95million with the £50,000 in interest would be repaid in the New Year after missing two deadlines, yet that has still not happened.
The Finance Expert admitted that it doesn’t look great for West Brom at all, with an exact date potentially needed to be given for the repayment – something that could be used to stall this, though.
“I think that is always the way you would look at this,” he exclusively told West Brom News.
“If there is a repayment structure in place, and it is not met for whatever reason then the questions are is that cash actually there to repay it? Which is the first warning sign and red flag.
“The other thing is the phrasing of the deadline because early in the New Year is quite loose, when actually is that? It would be good to see an actual date but again, that could be him stalling for a bit of time to get the cash to do it.
“So, it doesn’t look great all the way around for West Brom, but you do start to get red flags to say is that cash actually there and when exactly is the repayment date?”
There is huge concern at The Hawthorns, yet again.
Ron Gourlay shared that an official announcement would come once this loan had been repaid, but it has been radio silence since with the January transfer window quickly coming to an end.
Another £20million loan, this with MSD Holdings, has been taken, and things are looking nothing short of catastrophic right now, not that it surprises any of us.
In other West Brom news, Albion are in talks to terminate this big-money player’s contract early.