Football Insider has been told by Kieran Maguire that Guochuan Lai's management of West Brom has been 'chaotic and clueless'.
Kieran Maguire slams 'chaotic and clueless' Guochuan Lai after £2m West Brom news
West Brom owner Guochuan Lai is coming across as ‘desperate’ after taking an additional £2million loan out.about Lai’s ‘chaotic’ management of the Baggies. On top of West Brom’s £20million loan from MSD Holdings and the £4.95million taken out of the club by Lai to fund his faltering business during the pandemic, the Baggies chief also took aWest Brom are not the beneficiary of the loan, but it is a concern for the club that Lai continues to borrow additional funds despite failing to repay the £4.95million owed back to the club.promising repayment in “early in the new year”.
Maguire criticised Lai’s running of the Midlands club and described his history of failed loan repayments as ‘disturbing’.Guochuan Lai’s decision to borrow an extra £2million and pay a default interest rate of five per cent a month doesn’t directly affect West Brom because of the pyramid structure of companiesBut it is indicative of an individual who is either desperate or a fool – or perhaps both in the case of Lai.I think what is more disturbing is the £4.
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