Author Topic: Guochuan Lai  (Read 1522725 times)

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gazberg

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Re: Guochuan Lai
« Reply #7125 on: June 09, 2021, 04:18:06 PM »
I wonder if he now regrets spending all that money on scarves/beers/pies or whatever it was in the free give away!


I dont think so. Thats just part of their culture. If we cast our minds back as soon as he was announced as new owner there was an article about him and what to possibly expect etc.  That the Chinese way would be to show his face, be all friendly, buy us a few things and then vanish which is exactly what happened.

However no one knew how useless he was going to be, himself included i'd bargain so he's gone into full hiding.

Gilsey 56

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Re: Guochuan Lai
« Reply #7126 on: June 09, 2021, 07:19:57 PM »
From what I have heard and read, they had got to the salary discussion stage when the rug was pulled, I don't see how you could carry on after such a humiliating slap in the face.
Who knows how much involvement he has in the day. to day running of the club but someone or something as definitely rattled his cage.

Baggie79

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Re: Guochuan Lai
« Reply #7127 on: June 09, 2021, 09:53:51 PM »
I fear that we will start to see the asset stripping phase start within the next month. Could all the crown jewels be sold off this summer? Probably.
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baggiejohn

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Re: Guochuan Lai
« Reply #7128 on: June 09, 2021, 10:23:11 PM »
I fear that we will start to see the asset stripping phase start within the next month. Could all the crown jewels be sold off this summer? Probably.

What do you mean by asset stripping?
If it was easy, it wouldn't be Albion

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LiamTheBaggie

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Re: Guochuan Lai
« Reply #7129 on: June 09, 2021, 10:29:26 PM »
I fear that we will start to see the asset stripping phase start within the next month. Could all the crown jewels be sold off this summer? Probably.

Who are all of these Crown Jewels you speak of?!?!

Pereira and Johnstone most definitely but there really is nobody else.

There is no benefit to these owners of being in the second division. The only way they recoup their money is with a promotion.
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tex

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Re: Guochuan Lai
« Reply #7130 on: June 09, 2021, 10:52:54 PM »
I thought it had been established that Lai could not asset strip the club.

Blowee

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Re: Guochuan Lai
« Reply #7131 on: June 09, 2021, 10:53:57 PM »
I’m mystified by his reasons for spending £200 million on the club. He seems to have little or no interest in us. Does he seriously have that much money that he can afford to throw it around in such a way? Did he expect our value to increase so that he could cash in on his investment? Why is he so anonymous?

gazberg

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Re: Guochuan Lai
« Reply #7132 on: June 09, 2021, 10:56:46 PM »
I just think he thought we were solid and established which we were and we would never get relegated which we did in his first full season when he took his eye off the ball. I believe he thought he could sit back and not care and the club would run itself. When it came to take action instead of letting Pulis contract expire and break away he re-signed him as the easy option. FIrst and final nail in the coffin.

baggie82

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Re: Guochuan Lai
« Reply #7133 on: June 09, 2021, 11:34:33 PM »
I’m mystified by his reasons for spending £200 million on the club. He seems to have little or no interest in us. Does he seriously have that much money that he can afford to throw it around in such a way? Did he expect our value to increase so that he could cash in on his investment? Why is he so anonymous?

In China, the communist government (CCP) can take your money from you any time they want and/or make you disappear. So anyone with any wealth in China is desperate to transfer it overseas. That has become more difficult over time, but one of the ways back in the day was to buy a company / football club abroad etc. So he was probably just looking to safeguard his assets outside the reach of the CCP.

SmethDan

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Re: Guochuan Lai
« Reply #7134 on: June 10, 2021, 07:55:44 AM »
If that's the case he should have been looking at something with the potential to expand and return yields. We can't even redevelop the Halfords (should we ever actually wish to) because of a stubborn Dingle (allegedly) who rents Tonka Toys to Bob the Builder types. Serious lack of due diligence.......
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gazberg

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Re: Guochuan Lai
« Reply #7135 on: June 10, 2021, 09:12:41 AM »
I was told the Dingle land owner is willing to sell but wants silly money Dan. Inbred swine

darbolina

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Re: Guochuan Lai
« Reply #7136 on: June 10, 2021, 10:53:08 AM »
I’m mystified by his reasons for spending £200 million on the club. He seems to have little or no interest in us. Does he seriously have that much money that he can afford to throw it around in such a way? Did he expect our value to increase so that he could cash in on his investment? Why is he so anonymous?

ownership of assets in other currencies e.g. GBP and the ability to trade across currencies (player transfers) might have been a factor. Moving money around the World under the banner of football transfers is important to some people e.g. Abramovich , maybe Lai and his backers needed the same vehicle.

If he purchased us for investment reasons, then he was mad or stupid or both

SmethDan

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Re: Guochuan Lai
« Reply #7137 on: June 10, 2021, 12:55:29 PM »
I wonder if he's lost his noodles over this new manager malarkey yet.........
It doesn't matter how many resources you have.
If you don't know how to use them, they will never be enough.
Oh, and always remember to defecate on those Vile chaps in claret and spew.

ex coseley kid

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Re: Guochuan Lai
« Reply #7138 on: June 12, 2021, 10:28:37 AM »
This man is going to destroy our club...
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tambag

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Re: Guochuan Lai
« Reply #7139 on: June 12, 2021, 11:20:31 AM »
I want him to sell up because he won't invest in our club. The only he has going for him at present is he hasn't asset stripped the club and kept the money for himself, yet !

royhan

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Re: Guochuan Lai
« Reply #7140 on: June 12, 2021, 11:22:58 AM »
JP did his due diligence on Lai before selling the club to him. He checked his financial status, checked that the money had gone into his bank account and then deserted these shores without any further care about Albion. With Lai controlling the purse strings we haven’t a hope in hell of moving forward

ex coseley kid

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Re: Guochuan Lai
« Reply #7141 on: June 12, 2021, 12:02:17 PM »
I can in all seriousness only see this going one way.
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BB74

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Re: Guochuan Lai
« Reply #7142 on: June 12, 2021, 12:19:47 PM »
He has been here 5 years August. He hasn’t destroyed us yet and doubt he will. Let’s get a bit of perspective here.

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Re: Guochuan Lai
« Reply #7143 on: June 12, 2021, 12:24:15 PM »
He has been here 5 years August. He hasn’t destroyed us yet and doubt he will. Let’s get a bit of perspective here.

I didnt want Peace to go, I always felt he was a steady hand. However even if he had stayed we could have had a very similar 5 year period. It could easily be far worse than it is too.

Pretty much everytime people call for Lai out, when you dig in to why it’s because they want a benefactor, which hasn’t materialised in nearly 150 years so far, so I’m not sure why people think Lai is locking one out.

BB74

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Re: Guochuan Lai
« Reply #7144 on: June 12, 2021, 12:30:31 PM »
I didnt want Peace to go, I always felt he was a steady hand. However even if he had stayed we could have had a very similar 5 year period. It could easily be far worse than it is too.

Pretty much everytime people call for Lai out, when you dig in to why it’s because they want a benefactor, which hasn’t materialised in nearly 150 years so far, so I’m not sure why people think Lai is locking one out.

Absolutely, I was in the better the devil you know camp and would still rather have Peace here. They both want to run a self sufficient club which they do/did.

paulosull

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Re: Guochuan Lai
« Reply #7145 on: June 12, 2021, 12:32:40 PM »
JP did his due diligence on Lai before selling the club to him. He checked his financial status, checked that the money had gone into his bank account and then deserted these shores without any further care about Albion. With Lai controlling the purse strings we haven’t a hope in hell of moving forward
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WBArgo

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Re: Guochuan Lai
« Reply #7146 on: June 12, 2021, 12:45:58 PM »
He has been here 5 years August. He hasn’t destroyed us yet and doubt he will. Let’s get a bit of perspective here.

In fairness, it took Carson Yeung a few years to be found out at Birmingham. He had a 30% steak for years, then took control in 2009. They didn't get relegated until 2011 and nearly got promoted under Hughton in 2012. It was in his fourth season when things became very apparent.

Ok, we've been under Lai for 5 years which is a little longer, but it still doesn't mean we couldn't go down a similar route at some point (I imagine failure to get promoted would be telling)

Personally, I think Lai isn't a complete moron and wants to protect his investment as much as possible. This means feeding the club enough crumbs to make a good go at getting promoted ASAP, rather than starving the club completely which doesn't help anyone. If you will, he's like a worse version than Mike Ashley, in that he has a business model to try and do things on the cheap rather than burn his fingers. I do worry though if we fail to get promoted 2/3 years on the bounce and what would happen then.

baggie82

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Re: Guochuan Lai
« Reply #7147 on: June 12, 2021, 01:05:46 PM »
Absolutely, I was in the better the devil you know camp and would still rather have Peace here. They both want to run a self sufficient club which they do/did.

It was Peace choosing to sell the club to Lai that got us into this position, he didn't give a monkeys who took over as long as he got as much money out of his shares as possible.

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Re: Guochuan Lai
« Reply #7148 on: June 12, 2021, 01:10:34 PM »
It was Peace choosing to sell the club to Lai that got us into this position, he didn't give a monkeys who took over as long as he got as much money out of his shares as possible.

But why should he really?

If you sold your house would you do the due diligence on the purchaser beforehand to make sure they’re going to water the plants and maintain the boiler? No, you’ll take the cash and do one.

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Re: Guochuan Lai
« Reply #7149 on: June 12, 2021, 01:11:53 PM »
It was Peace choosing to sell the club to Lai that got us into this position, he didn't give a monkeys who took over as long as he got as much money out of his shares as possible.

The same as what 99.9999% of people would have done