[Standaman]

Due diligence is going to be a bummer if the ownership graphic is to be believed. Or, is down to holdings to sort that once they sell WBAFC ?

The due diligence is relatively straight forward in that the Holdings and WBA are both UK based entities. Obviously whoever buys the club has to satisfy themselves that Lai or his representatives have the authority to sell what they are buying which is where the complex web of cross holdings might make the sale more complicated.

[SedgleyAlbion]

Due diligence is going to be a bummer if the ownership graphic is to be believed. Or, is down to holdings to sort that once they sell WBAFC ?

The ownership diagram was designed to get the national media to take note. Due diligence will only be on Yunyi, which will be straightforward as there’s only one transaction in its history. Nothing to worry about.

[liverbaggie]

Just wondering would our sale be under uk or international law?

[johnny Cash]

Just wondering would our sale be under uk or international law?

International Law is a bit of a misnomer. It tend to relate to how countries cooperate with each other.

It’ll be a purchase of holdings under the law as of England and Wales in my opinion, the other option being Jersey I think. Although in theory they could put something in the contract to allow other jurisdictions to apply / adjudicate on any disputes

[liverbaggie]

Thanks for your input Johnny, lets hope its not under Chinese law, if they have any, eh?

[section5]

Majority would be under U.K. law because the club operates within the U.K., and its legal and financial matters are subject to U.K. jurisdiction. There will be some considerations to Chinese law like ownership transfers and taxation. If it’s an international buyer with foreign finance then there might be another countries laws to consider but with the amount of international transactions like these that go on it shouldn’t provide too many hurdles.

[overseas baggie]

The due diligence is relatively straight forward in that the Holdings and WBA are both UK based entities. Obviously whoever buys the club has to satisfy themselves that Lai or his representatives have the authority to sell what they are buying which is where the complex web of cross holdings might make the sale more complicated.

Surely it’s just the clean Jersey company selling its 88% holding in Group?  That takes Holdings out of it completely, which is why the Jersey company was interposed in the first place.

[skyclad99]

Our friend Dood has tweeted ‘heard positive thing about the takeover, getting closer week by week’

Brilliant, so informative, my cat told me that a week ago but Doods the man👍

[SmethDan]

Our friend Dood has tweeted ‘heard positive thing about the takeover, getting closet week by week’

Brilliant, so informative, my cat told me that a week ago but Doods the man👍

Meow, meow, meow  .

[BalisPen]

Read on wba news, I know it's dog turd, but some professor was saying it was yanks who are buying us.

If they can bring some sort of any plan with them instead of some attention seeker ponzi scheme peddler like Brady , then we can fly again.

Fingers crossed.

[Topman]

Good bye and good riddance. Can we lock 🔒

[Albionic]

Good bye and good riddance. Can we lock 🔒

Not yet, I need to thank Mr Lai for

SOD ALL !!!  and almost destroying my faith in football

now close it please

[jimmyj]

Need to leave this open for a week.
Like a book of condolences, except it's us telling Lai where to go forth to multiply.   

[Albionic]

Need to leave this open for a week.
Like a book of condolences, except it's us telling Lai where to go forth to multiply.   

trouble is the expletives are scrubbed (correctly) will read like a redacted Cabinet meeting minutes

[liverbaggie]

As soon as Lai sells close this down forever lets not mention this fellas name anymore

[timdon]

trouble is the expletives are scrubbed (correctly) will read like a redacted Cabinet meeting minutes

Although under normal conditions I'm completely on board with the ban on expletives, I really feel like swearing (a lot) on this thread. Maybe the mods would authorise a 24 hour collective blind eye to allow us all to get everything off our chests (only joking, I know it won't happen  )

[TheBaggieMan]

🎵 Goodbyee, Goodbyee, Guochuan Lai wipe a tear from your eyee !
 It’s not hard for you go, and we’re just tickled to death to see you go ! 🎵

[wba_1996]

Bought for £207m, sold for £60m, but £40m of that is to repay the loans.

A tidy £187m loss for Lai & co. Thoroughly deserved for 8 years of being inept ****.

[saml30]

Don’t let the door hit you on the way out!


Actually do 

[darbolina]

Lai over and out

[skyclad99]

An appalling ‘owner’ and businessman. Couldn’t run a bath….

Sex and travel Lai😉

[Standaman]

It is a sad indictment of the game but as bad as Lai has been if you drew up an all time rogues gallery of bad football club owners I doubt he gets into the top 10 on the least wanted list.

[liverbaggie]

But hes top of our list mate and thats what matters to us

[overseas baggie]

But hes top of our list mate and thats what matters to us

Spot on!

[Jeremy Roland Peace]

turned the best part of 200m into about 15m after loans paid off.

he's lost 185m of other peoples money, hope he likes being locked in small rooms and let out for an hour a day.