[drewks]

https://www.bbc.co.uk/sport/football/61992838

[talkSAFT]

F***ing Hell!!!

So this Club got one of his other businesses out the sh*t, and he's ever so grateful for that.......
If he's as grateful as he should be why the f**k doesn't he show some gratitude by paying us £500k interest? (ie 10% instead of a measly 1%). He's a f***ing billionaire!

I read a couple of years ago that it was the Chinese Government who stopped its citzens from ploughing money into Western Sports Clubs (which Peace didn't know about). Does anyone recall that that was the case? (I know I read it). Peace made a multi-million profit out of his time here, so you'd think he wouldn't need ALL of that £200m, and that if he really was a fan of the Club he'd buy Lai out (1/2 price) and take the Club back to how he left us.

I remember when The Lottery started (1990-ish) my Mrs asked what I'd want to do if I ever bought a ticket, and won. I said I'd GIVE it all to the Albion (except for paying off the mortgage). I'm sure most fans feel the same. What's life really about?

[Dingle-Dingle]

What about that "OTHER LOAN" ?? And our supposedly superstar Chinese player.??

DD @No1

[Blue Baggie]

Odd how we have only just found out ????

I wouldn't be surprised he hasn't ripped the club off for millions - No wonder he is not interested in selling.
Like all businesses from China when they buy something - they will suck it dry and then close or dump it when it's worthless.
He promised to pay back the £4.5 million loan he owed from when he purchased the club - that never was returned.
He's just a Liar - not to be trusted with the keys.
Sooner he is gone the better.

[Salopbaggie]

Odd how we have only just found out ????

I wouldn't be surprised he hasn't ripped the club off for millions - No wonder he is not interested in selling.
Like all businesses from China when they buy something - they will suck it dry and then close or dump it when it's worthless.
He promised to pay back the £4.5 million loan he owed from when he purchased the club - that never was returned.
He's just a Liar - not to be trusted with the keys.
Sooner he is gone the better.

While I totally agree with your sentiments regarding our beloved chairman and I suspect a touch of justifiably anger in your comment, but to apply that that to "all business's from China", to be fair is simply wrong. Remember the guy that sold it to Lai, he did equally dodgy stuff, even borrowing the money to buy the club, from the club, then sold it without paying back a penny and he was from England. The board who also must have agreed this and they are not from China either, so you can't blame the Chinese, dodgy business is dodgy business, regardless of the nationality of the culprit. On a side note Chinese businesses have have over £143 billion invested in UK businesses.

[Blue Baggie]

Odd how we have only just found out ????

I wouldn't be surprised he hasn't ripped the club off for millions - No wonder he is not interested in selling.
Like all businesses from China when they buy something - they will suck it dry and then close or dump it when it's worthless.
He promised to pay back the £4.5 million loan he owed from when he purchased the club - that never was returned.
He's just a Liar - not to be trusted with the keys.
Sooner he is gone the better.

While I totally agree with your sentiments regarding our beloved chairman and I suspect a touch of justifiably anger in your comment, but to apply that that to "all business's from China", to be fair is simply wrong.  Remember the guy that sold it to Lai, he did equally dodgy stuff, even borrowing the money to buy the club, from the club, then sold it without paying back a penny and he was from England.  The board who also must have agreed this and they are not from China either, so you can't blame the Chinese,  dodgy business is dodgy business, regardless of the nationality of the culprit.  On a side note Chinese businesses have have over £143 billion invested in UK businesses.

I could have said our previous financial director resigned at exactly the same time as the loan was taken, Ron Gourlay knew about this and publically declared the accounts were late and NOTHING was untoward in the balance sheets. So in my book he has tried to cover up the underhandedness on behaif of our owners. So much for the people and other share holders who said Lai can't simply take funds out of the club. I'm convinced now the Chadli - Rondon - Hegazi and Pereira fees were Syphoned off. 
As for Chinese business if they have invested £143 Billion how much have they taken. They don't operate fairly and that's all of them. IMO it's inbred into them to take what they can and consequence does not exist. They will smile, bow and bow until they're in a position to take everything. MG Rover was a great example. Pretending to be investing. All the time the awaited for liquidation and then purchased the mechanics for a couple of a million. Business is not business when it ruins lives at any cost. 
Never forget they want what you've got and you won't be far wrong.

---

Ask the 1,000,000 + Hyghurs who are imprisoned in slave camps what they think of their Chinese brothers. My opinion matters not.

---

I wonder what Wingtech employees think of its new owners. A profitable business recently purchased by Chinese owners
Why did the Government stop them from setting up 5G networks in the UK. It's because they can't be trusted.
That's anyone involved in business. Did anyone believe Lai got his money by working for it. Nobody gets billions without being a thief that's for sure.

[Salopbaggie]

I don't dispute your dodgy dealing prospective, it is the saying all Chinese business are the same comment, I questioned. I do not really understand your MG Rover comment or why you are blaming the Chinese. As I understood it, the fault clearly lay with John Towers, Peter Beale, Nick Stephenson and John Edwards. MG Rover was initially purchased by BMW, BMW then sold it to the Phoenix Consortium, who were an English company that over 5 years ran MG Rover into the ground. They even managed to unify Labour and the Tories with Kenneth Clarke criticising the 'Phoenix Four,' calling their actions "disgraceful". Lord (Peter) Mandelson said the Phoenix group had not shown an "ounce of humility" about the firm's demise. After MG was un-saveable, their assets were ordered to be sold off and a Chinese company did buy them for the sum of their parts.

The 1,000,000 + Hyghurs, all I can say to that is their treatment is a national outrage, but that is the Government actions, not the businesses. I think self enterprise has never been that big under Chinese communism.

The reason the Government stopped the 5G bid was the government masters in Washington told them to, they viewed the same evidence as Congress and decided to let the deal go ahead, it was only when the USA started jumping up and down the government took the actions they did. From my perspective I do agree with the decision to remove the 'sensitive side' of 5G from the contract. But there again I also objected to the Maggie Thatcher government selling off nationalised industries at rip off prices, to people who they knew would buy them on day 1 and sell them on day 2, knowing most would be brought up by foreign interests, I am still waiting for the check for my percentage of the sale. I think we can agree though that Lai is a dodgy piece of something nasty and the quicker he is gone from our club the better.

[Blue Baggie]

I don't dispute your dodgy dealing prospective, it is the saying all Chinese business are the same comment, I questioned.  I do not really understand your MG Rover comment or why you are blaming the Chinese.  As I understood it, the fault clearly lay with John Towers, Peter Beale, Nick Stephenson and John Edwards.  MG Rover was initially purchased by BMW,  BMW then sold it to the Phoenix Consortium, who were an English company that over 5 years ran MG Rover into the ground.  They even managed to unify Labour and the Tories with Kenneth Clarke criticising the 'Phoenix Four,' calling their actions "disgraceful".  Lord (Peter) Mandelson said the Phoenix group had not shown an "ounce of humility" about the firm's demise.  After MG was un-saveable, their assets were ordered to be sold off and a Chinese company did buy them for the sum of their parts.

The 1,000,000 + Hyghurs, all I can say to that is their treatment is a national outrage, but that is the Government actions, not the businesses.  I think self enterprise has never been that big under Chinese communism.

The reason the Government stopped the 5G bid was the government masters in Washington told them to, they viewed the same evidence as Congress and decided to let the deal go ahead, it was only when the USA started jumping up and down the government took the actions they did.  From my perspective I do agree with the decision to remove the 'sensitive side' of 5G from the contract.  But there again I also objected to the Maggie Thatcher government selling off nationalised industries at rip off prices, to people who they knew would buy them on day 1 and sell them on day 2, knowing most would be brought up by foreign interests, I am still waiting for the check for my percentage of the sale.  I think we can agree though that Lai is a dodgy piece of something nasty and the quicker he is gone from our club the better.

I agree with you on 99% of what you say . 
I can give you a few personal examples of Chinese business I have been involved with. The transfer of automated car battery manufacturing to China and where the UK was a strictly controlled environment because of the lead dust involved. With every employee checked for any lead poisoning every few months. In China it was men with shovels and wheel barrows - when they were told the guys doing it would die within a few months they said quote "don't worry we have plenty of spare men waited for a job" and they were serious. 
Another they complained a piece of equipment was faulty and the extraction was not working. It worked fine initially. Upon inspection the motor and fan was completely missing. Asking if it had gone for repair. "No Sir we sold it" we didn't need it we gave some paper masks out. 
Women have to walk behind men and have little or no rights. 
If you asked anyone from HK what they thought of Chinese business I don't think they would have anything but hatred for them. 
Lai is cut from the same cloth IMO. Making some of our own staff redundant while arranging his £4.95 million loan is morally wrong. 1% interest is some kind of joke. How is he going to get the money back out of China as he couldn't do it to pay off is inherited loan. He is just a CROOK. He is only interested in filling his pockets. I will wait for the day when the ground is used as collateral for another loan that will never be paid. As will the training and Academy facilities.
We are in the hands of an asset stripper and the sooner we understand that the better.
I will be a baggies supporter no matter what, but I am saddened about what the future holds.

[Blue Baggie]

Some gossip about saying a further £2 million loan to Lai has been secured by WBA.
Totting up Nicely.
£4.5 million loan 1st
£4.95 million loan 2nd
£2 million loan 3rd
£500k interest on 1st loan
£50k interest on 2nd loan
And this is just what we're aware of.

[Blue Baggie]

If Lai is clever he could pay himself a dividend of £5 million and pay his £5 million loan off. Jobs a good un. How to steal £5 million legally.