This is my take on the situation at the moment.
Without prejudice.
JP sold WBA to this Lai chap. But he knew that the window was closing, so he closed the deal, but retained control of the purse strings until after 1st September.
The more money the club spent in the transfer window, the less money JP could walk away with. So I reckon the £25-30m shortfall in transfer spending has gone straight to JP.
He has basically mugged off Lai and the fans and the club.
He obviously knew he was going to sell a while ago, which is why he got Pulis in. He knew Pulis could keep the club up, with a threadbare squad.
Now the club is left with a manager who is hated. A squad which is under strength and under attack (from fans). Fans who are quite rightly angry, disillusioned and ripped off.
The only good that can come from this is:
1. Pulis is sacked.
2. New manager installed.
3. Lai brakes all transfer records and invests heavily in Jan
Feel really sorry for the ST holders who've paid to watch dirge football for the next 9 months.