[gazberg]

And any sale to him was only going to end tears. Our clubs wealth is in Jersey. Apparently. It would be nice to just focus on on-field problems.

12m of it in China somewhere too.

[Baggies]

How are people getting copies of the report? Companies house hasn’t published for WBA group, although it does note they should be available in 10 days time.

Incidentally, West Bromwich Albion holdings (Lai) hasn’t submitted yet either.

I'm not 100% sure, but shareholders seem to have received copies or atleast seen them as they reported all of this a couple of days ago on twitter.

The other thing to note is that therr is a suggestion that Lai is going to pay the majority of the debt off with a dividend, which were told in reality means the club pays the debt off/wipes it.

I don't really get bogged down by "asset stripping" talk, but it's hard not to see this as asset stripping  seeing as our cash are our assets as they dome from player sales and parachute payments. Depressing.

[JohnnyStampa]

There needs to be rules on football clubs not being used to loan money from.

Tight enough rules so there is not a back door jersey / father sister company / holdings route around this.

For an owner to take money out of an English Football club and move it overseas for their personal use NEEDS to be litigated against.

We are not his PRIVATE BANK!!

Absolutely disgusted by this.

Some rules need to change:

[paulosull]

Thought there were protection’s in place to stop asset’s being funnelled out of club?
I still believe There is something fishy about Pereira transfer and shenanigans going on in side Hawthorns only confirm my suspensions..

[LiamTheBaggie]

And these are the accounts for our premier league season…

Wait until you see last years accounts…

[LiamTheBaggie]

The accounts are now on companies house

[gazberg]

And these are the accounts for our premier league season…

Wait until you see last years accounts…

Not expecting any bad news from the club's side of things but interested to see how much our glorious leader has taken out.

Even with signing on fees for our free transfers last season we should have a ice surplus. How much has Lai helped himself too is the issue though.

[MarkW]

The accounts are now on companies house

I can see the entry, but for me it says it is "Processing".

[SmethDan]

Not expecting any bad news from the club's side of things but interested to see how much our glorious leader has taken out.

Even with signing on fees for our free transfers last season we should have a ice surplus. How much has Lai helped himself too is the issue though.

Just wait until he issues a dividend and uses his chunk of the dividend to pay off part of what he owes rather than doing it with his own monies separate of Albion. Essentially using club funds which should have been made available for squad strengthening to pay his loan debt. Meltdown......

[gazberg]

Just wait until he issues a dividend and uses his chunk of the dividend to pay off part of what he owes rather than doing it with his own monies separate of Albion. Essentially using club funds which should have been made available for squad strengthening to pay his loan debt. Meltdown......

I'm a really chilled out guy but I despise Lai with every ounce of my being

[baggiejohn]

Just been on the website, it's not there now & there's a red "accounts overdue" flag.

[skyclad99]

Just been on the website, it's not there now & there's a red "accounts overdue" flag.

Earlier I think it said 'Processing' so it makes you wonder if they have withdrawn the filing, and why?

Of course  'processing' could be a generic term within a given time frame and no actual accounts have been filed.

[AlbionFan]

Accounts showing as overdue on

https://find-and-update.company-information.service.gov.uk/company/03295063

[stever60]

Companies House not the best organisation I have ever dealt with so lets not be quick to read too much into this
 

[EveshamBaggy]

To be fair - its taking a while for filed accounts to appear on Co House these days - think ours took over a week last time.

[johnny Cash]

They are up now

https://find-and-update.company-information.service.gov.uk/company/07230595/filing-history

Not sure how they could make the statements on page three with a straight face.

[johnny Cash]

The further £2m loan wasn’t secured against the stadium, but against its own shares and again lent on (would assume to wisdom or another lai entity again).

Interestingly however it states monthly interest of 0.3% rather than annual which suggests to me that borrowing that £2m cost us £36k over 6 months. That’s assuming we have paid it back in March like it says we should have. I’d imagine we haven’t though or the club could address that. 

Still, the fact borrowing £2m for 6 months cost £36k does show how poor a £5m loan with £50k interest over two years is.

[baggiejohn]

The further £2m loan wasn’t secured against the stadium, but against its own shares and again lent on (would assume to wisdom or another lai entity again).

Interestingly however it states monthly interest of 0.3% rather than annual which suggests to me that borrowing that £2m cost us £36k over 6 months. That’s assuming we have paid it back in March like it says we should have. I’d imagine we haven’t though or the club could address that. 

Still, the fact borrowing £2m for 6 months cost £36k does show how poor a £5m loan with £50k interest over two years is.

There's still nothing for West Bromwich Albion FC, but the West Bromwich Albion group report is available.

There is an entry on the cash flow strategic report that identifies assets as a potential source of cash in the event of critical cash flow situation.
I believe it's that which has triggered the "stadium sale" rumour.

[johnny Cash]

Spamming this a bit, but the £2m loan is secured against 2.35% of shares, which suggests the lender and our board were happy to value the club around £85m in September 21, or at least I believe that’s what it suggests which would seem about right to me

[johnny Cash]

There's still nothing for West Bromwich Albion FC, but the West Bromwich Albion group report is available.

There is an entry on the cash flow strategic report that identifies assets as a potential source of cash in the event of critical cash flow situation.
I believe it's that which has triggered the "stadium sale" rumour.

Group includes football club. They won’t have any different accounts. Holding will be the one that has a different set going on prior years.

[baggiejohn]

Group includes football club. They won’t have any different accounts. Holding will be the one that has a different set going on prior years.

Not disagreeing, I look at West Bromwich Albion FC on the Companies House web site. That is still showing as outstanding. It might well be a CH issue.

[johnny Cash]

Not disagreeing, I look at West Bromwich Albion FC on the Companies House web site. That is still showing as outstanding. It might well be a CH issue.

Ah right fair enough. I wasn’t sure if you were expecting to see something different. I’m sure FC’s entry will be updated in time but I’m certain they will be contain nothing new.

[NJS]

Just wait until he issues a dividend and uses his chunk of the dividend to pay off part of what he owes rather than doing it with his own monies separate of Albion. Essentially using club funds which should have been made available for squad strengthening to pay his loan debt. Meltdown......

How often does a Championship club make such a profit that it can declare a dividend?

[tambag]

How often does a Championship club make such a profit that it can declare a dividend?

Simple when you get money for MP and don't spend it - its all to come in the next set of accounts.

[kirk]

Just wait until he issues a dividend and uses his chunk of the dividend to pay off part of what he owes rather than doing it with his own monies separate of Albion. Essentially using club funds which should have been made available for squad strengthening to pay his loan debt. Meltdown......

JP did the same got the club to pay his loan off and borrowed from it … where was your meltdown then?