Dr. Daniel Plumley, a specialist in football finance, is a welcome addition to our exclusive West Brom column. He will share his thoughts on the most important topics at The Hawthorns every week.
Guochuan Lai will not be interested in minority ownership proposals, according to Dan Plumley, as he seeks to sell West Brom completely.
According to reports, the asking price has now been reduced to £60 million as the Chinese businessman prepares to move on from The Hawthorns.
After receiving an offer for just that from Mohamed El Kashashy [Daily Mail], Plumley agreed that it is still “a lot of money,” with minority stakes not exactly fitting the bill….
“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
