[johnny Cash]

If it’s a new holding company (holding Lai and his groups 88%) then in reality S4A are entitled to very little info.  S4A’s holding is in WBA group and it’s subsidiaries.

Whether it means some sort of takeover is happening, I doubt it personally. 

[throstle]

This is not new news. The addition of the Jersey company in the Albion corporate structure was covered in the 'Ron Gourlay' thread on 6 August. The only reason it has made the news now is someone has asked Fairway for a comment.

[johnny Cash]

This is not new news. The addition of the Jersey company in the Albion corporate structure was covered in the 'Ron Gourlay' thread on 6 August. The only reason it has made the news now is someone has asked Fairway for a comment.

I’m not sure this is clear. The New Jersey company they came out a couple of months back was Wbafc holdings ltd.

So who are the ‘fairway trust’ and how do they fit in to it. Is this another jersey entitiy, has the newspaper just got it wrong? 

It all seems to be based off a very small piece in the press with very little detail.

[throstle]

Fairway Trust / FGD 1 Limited are 'significant persons who is an Entity' in the Jersey based WBAFC Holdings Limited.

It is just a bit more detail about who constitutes WBAFC Holdings.

[johnny Cash]

Fairway Trust / FGD 1 Limited are 'significant persons who is an Entity' in the Jersey based WBAFC Holdings Limited.

It is just a bit more detail about who constitutes WBAFC Holdings.

Thanks. Where has that come from? I can’t see much on the jersey company register, although I’m not used to it so I may be missing something.  Or has someone paid for some of the documents to establish this?

[overseas baggie]

Thanks. Where has that come from? I can’t see much on the jersey company register, although I’m not used to it so I may be missing something.  Or has someone paid for some of the documents to establish this?

Fairway administer the Jersey company and provide a Jersey director to the board, so they are deemed a “controller” of that company

[johnny Cash]

Fairway administer the Jersey company and provide a Jersey director to the board, so they are deemed a “controller” of that company

So fairway are nothing more than and administrator / part of the vehicle in reality?
Sounds like talk of anything more at this stage is nonsense as suspected.

[throstle]

More detail in points 34-40 in the first message in the link below.

https://wbaunofficial.org.uk/showthread.php?tid=25973

[baggiejohn]

So fairway are nothing more than and administrator / part of the vehicle in reality?
Sounds like talk of anything more at this stage is nonsense as suspected.

It looks as though Fairway is a trust management company, & WBAFC Holdings is a trust.

[SmethDan]

On twitter a few people saying we're about to have new owners, ha have no idea if it's true and it's to do with the article in the daily mail yesterday regarding fairway trust in Jersey 🤷

I'd have thought it more likely to have something to do with the loans than a takeover.

[The Joust]

Rumours now surfacing about the Bhatti’s taking over… 

[lewisant]

Rumours now surfacing about the Bhatti’s taking over… 

Who what where and how?!

[sconesy]

The simple fact is Lai’s lack of association and connection with WBA has now bared it’s fruits. The restrictions and tightened regulations of China’s policies have certainly dictated any possibility of progressing under Lai’s tenure but regardless his lack of appetite is all too obvious.

Looking at this situation pragmatically, and with the recognition of not only China’s economic woes, but also the wider geopolitical outlook; it has to be a case of ‘Russian Roulette’ for Lai. He’s potentially months away from blowing 150mil….or with a crazy roll of the dice somehow being back in the game.

My guess would be he’s desperately looking for an ‘off ramp’; this could be both good and bad for WBA. We either get some ‘wide-boy’ chancers who form part of some opaque consortium, or we are lucky enough to have some serious business professionals who realise the potential of getting us back into the Prem.

[skyclad99]

More detail in points 34-40 in the first message in the link below.

https://wbaunofficial.org.uk/showthread.php?tid=25973

This is worth a read, quite depressing really. Good questions that will never be answered.

We really are in a mess.

[skyclad99]

Further to my earlier post, this is an interesting part:

We note that the highest paid director was paid £446,000 for 11 months compared
with £208,000 for the 13 month period ended 31 July 2020. This appears somewhat
strange given that an experienced CEO was replaced in post with an inexperienced
CEO and that Mark Jenkins has publicly stated that he was not being paid a bonus.

So we were paying £208,000 to a CEO who you could find at his desk in B70 almost daily, and his replacement more than doubled the salary and has hardly set foot in the place.......

[gazberg]

Further to my earlier post, this is an interesting part:

We note that the highest paid director was paid £446,000 for 11 months compared
with £208,000 for the 13 month period ended 31 July 2020. This appears somewhat
strange given that an experienced CEO was replaced in post with an inexperienced
CEO and that Mark Jenkins has publicly stated that he was not being paid a bonus.

So we were paying £208,000 to a CEO who you could find at his desk in B70 almost daily, and his replacement more than doubled the salary and has hardly set foot in the place.......

We are a soft touch club, jheez

[skyclad99]

We are a soft touch club, jheez

Don't forget that the 'lifelong Albion Fan' was tickling us for £1m a year as well.........

[gazberg]

Don't forget that the 'lifelong Albion Fan' was tickling us for £1m a year as well.........

You can argue that as he was successful (reagrdless of his intentions) he could demand a decent payment but nearly half a million for picking your mate knowing he's useless???!?!?

[skyclad99]

You could indeed, I think from memory he was the second highest earner in the Premier League behind Levy...... no surprise there

[AlbionFan]

Don't forget that the 'lifelong Albion Fan' was tickling us for £1m a year as well.........

No I wasn't Clive 

[gazberg]

You could indeed, I think from memory he was the second highest earner in the Premier League behind Levy...... no surprise there

Not sure if S4A had the right to challenge him on deciding his own salary but many have seen their shares multiply in value so assume many were happy with their returns

[baggiejohn]

Further to my earlier post, this is an interesting part:

We note that the highest paid director was paid £446,000 for 11 months compared
with £208,000 for the 13 month period ended 31 July 2020. This appears somewhat
strange given that an experienced CEO was replaced in post with an inexperienced
CEO and that Mark Jenkins has publicly stated that he was not being paid a bonus.

So we were paying £208,000 to a CEO who you could find at his desk in B70 almost daily, and his replacement more than doubled the salary and has hardly set foot in the place.......

PiYue Li was a director & chairman of the group at that time.

It might have been a clever question from s4a to identify him as the highest paid director.

[throstle]

Don't forget that the 'lifelong Albion Fan' was tickling us for £1m a year as well.........

£1.95m in his last year. Shame he didn't use some of it to pay off his loan.

https://www.business-live.co.uk/economic-development/bumper-pay-rise-jeremy-peace-12532731

[Groovephil]

You might have to take a loss on this deal Lai 

Just sell up and walk away. Otherwise it’s going to get very unappealing for you.

[gazberg]

A stain on our club.


His ego is going to lose him even more money if he continues to own us. At some point his self-deception levels will break but what league will we be in by then?