[skyclad99]

Lai didn't have any gripes with it. Same as Patel buying off Lai. Everyone knew the score

Not sure Lai knew to be honest. He had in effect bought the same shares twice. It would be good to have some clarification on the Peace ‘loan’, as in is he still liable? If not then is the legal action with S4A still continuing?

I understand your position regarding Peace selling it to the highest bidder, and he did bring the club into the 21st century, but all the ‘life long Albion fan’ rubbish and this murky loan business left a very sour taste for me. Complete lack of integrity.

[gazberg]

Not sure Lai knew to be honest. He had in effect bought the same shares twice. It would be good to have some clarification on the Peace ‘loan’, as in is he still liable? If not then is the legal action with S4A still continuing?

I understand your position regarding Peace selling it to the highest bidder, and he did bring the club into the 21st century, but all the ‘life long Albion fan’ rubbish and this murky loan business left a very sour taste for me. Complete lack of integrity.

If Lai didn't know and it's proved that got shafted on that loan then I would not be happy as that's crooked from Peace but surely Lai isn't that clueless? Same time it is Lai so maybe


I never believed the stuff Peace said about being a super wba fan etc. He always came across as purely a businessman to me

[skyclad99]

If Lai didn't know and it's proved that got shafted on that loan then I would not be happy as that's crooked from Peace but surely Lai isn't that clueless? Same time it is Lai so maybe


I never believed the stuff Peace said about being a super wba fan etc. He always came across as purely a businessman to me

If I was Patel I would not be happy taking on other folks debts. I assume Lai’s borrowing has been offset in the price paid, but it would be nice to know about Peace’s liability

[gazberg]

Lepkowski posted an article. Not a lot I and others haven't said about Lai himself but Lai has managed to obtain some bonus payments if we get into PL now he's gone.  10m extra on top of the 60m for every season we are in the PL over a limited period of time (upto 5 years maximum)

EDIT - https://chrislepkowski.wixsite.com/the-far-post/post/i-m-not-going to-lai-i-m-relieved

[tylerm]

If I was Patel I would not be happy taking on other folks debts. I assume Lai’s borrowing has been offset in the price paid, but it would be nice to know about Peace’s liability

Apparently the £60 million purchase price is £40 million to take the loans and £20 million to Lai.

[gazberg]

Apparently the £60 million purchase price is £40 million to take the loans and £20 million to Lai.

Yes the club cost 20m or so. The rest includes the debts. Patel is fully aware

[hardtobeat]

If you expand that financial arguement a wealthy Prem league club could f rules allowed have bought us for less than Chelsea paid for Kepa !

[baggiejohn]

If I was Patel I would not be happy taking on other folks debts. I assume Lai’s borrowing has been offset in the price paid, but it would be nice to know about Peace’s liability

I'm not sure that Peace has a liability any more. Lai would have agreed to take responsibilty for Peace's debt in exchange for a reduction in the price of the Holdings company which Lai purchased.

Patel has taken on the outstanding MSD loans, &, I believe, the outstanding wisdom smart & inherited Peace loans. The warmfront loan is an agreement between warmfront & Lai, & is not part of the purchase agreement.

Personally, I would expect the wisdom smart & Peace loans to be made good during this financial year, but I wouldn't be surprised if the MSD loans were continued to maturity to help with cash flow.
Especially, if the club is committed to £10million a year as a promotion bonus to Lai.

[SmethDan]

Lepkowski posted an article. Not a lot I and others haven't said about Lai himself but Lai has managed to obtain some bonus payments if we get into PL now he's gone.  10m extra on top of the 60m for every season we are in the PL over a limited period of time (upto 5 years maximum)

EDIT - https://chrislepkowski.wixsite.com/the-far-post/post/i-m-not-going to-lai-i-m-relieved

Cheeky little git's clearly not quite as stupid as his track record with us suggests. Unless we don't get promoted in the next five years of course........  .

[gazberg]

Cheeky little git's clearly not quite as stupid as his track record with us suggests. Unless we don't get promoted in the next five years of course........  .

I don't see us spending more than 2 seasons there in honesty unless Patel is conjuring up some cash.