West Brom takeover only option as Guochuan Lai still to bank a lot of money – Finance Guru
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 shared that Guochuan Lai will not be interested in minority stake offers as he looks to fully sell West Brom.
It has been widely reported that the asking price has dropped down to £60million now as the Chinese businessman looks to move on from The Hawthorns.
Plumley admitted that is still “a lot of money” with minority stakes not exactly fitting the bill, after an offer for just that from Mohamed El Kashashy [Daily Mail].
“If you want a full sale, you’re not interested in minority stakes,” he exclusively told West Brom News.
“If a full sale, even if it is £60million, that is still a lot of money and not many are in a position to get that. There are only a few people who will want to pay that for a full takeover, so it is tricky to balance that minority investment against a full sale.
“The back story and the way it has played out, it seems to be that a full takeover is his only option, so minority stakes don’t look like they will play into his hands.”
The sooner this is over, the better with it only hurting the club more.
Lai will not be remembered fondly once he eventually does move on, but it looks as though it is proving hard right now to find someone who will take the club on.
In other West Brom news, one attacker has been mooted to be on his way out of the club this summer