The fact the ownership is so opaque really muddies the waters - it's hard to know how much the declining value of West Brom as an asset is an issue for Lai (if he owns it outright) or the company he fronts (if he is just the frontman).
If he's the frontman of a group with a diverse portfolio of interests and the others are doing okay, the on-pitch failure, declining value and nose-diving fortunes of West Brom may be an inconvenience, but what is a £100m decrease in a fringe asset if the rest of your £4bn pot is doing well? Explains his 3+yr absence while leaving the club in the hands of a series of goons. Just not bothered. The stakes aren't high.
It's not 2016 anymore. China aren't interested in UK football investment and Lai + cronies no doubt have bigger, more lucrative fish to fry away from the volatile world of football. What does it matter to them that West Brom are a mess on their watch?
The aforementioned goons have left us in an almighty mess, with a total absence of financial or squad management. We aren't beggars at the feast in the Championship, we're more monied than the vast majority. We've just pi$$ed our financial advantage up the wall on bargain basement swill. £15m Grant. £15m Diangana. £8m Zohore. £20-30k a week for half the squad on long contracts.