Premier League wrestlers West Brom have been the subject of takeover interest from as many as SIX parties
West Brom the subject of potential takeover interests from as many as SIX parties … but the effects of the coronavirus pandemic mean that under attack owner Guochuan Lai may be struggling to get his £ 150m asking price
- West Brom is the subject of takeover interests of no fewer than six different parties
- Current owner Guochuan Lai wants £ 150 million, but will struggle
- The Chinese businessman is likely to take a lower offer after coronavirus effects
West Brom is the subject of potential takeover interests from up to six parties, but owner Guochuan Lai may struggle to meet his £ 150m asking price for the club.
Sportsmail understands that Albion has already held talks with at least three of the groups, two of which are based in the United States, and that talks are ongoing.
Lai bought the club from Jeremy Peace for around £ 200 million in 2016, but the fallout from the coronavirus pandemic means he is very unlikely to recoup that expense. To close a deal, Lai may have to accept compensation closer to £ 100 million.
West Brom is the subject of takeover interests of up to six parties and discussions are ongoing
Owner Guochuan Lai has £ 150m asking price for club but may have to accept £ 100m
The goal of the Chinese businessman is for Albion to become self-sufficient, which means they had a transfer budget of only around £ 25 million – plus whatever could be earned back on the sale – during the last period, following the championship promotion.
That has created tensions behind the scenes, with boss Slaven Bilic desperate for more funds to give his party a better chance of survival. Albion has yet to win this season, having collected just three points from their first nine games, prior to their pivotal clash with fellow fighters Sheffield United at The Hawthorns.
Bilic’s position seemed vulnerable to the international break, but his side did a great job despite narrow defeats against Tottenham and Manchester United. Still, the next two games – both home games to be won against the Blades and Crystal Palace – seem crucial to their prospects.
There are tensions behind the scenes with Slaven Bilic desperate for more money
Bilic said, “A win would have a tremendous psychological effect. The same goes for them and it is worth more than three points in this situation.
‘It gives you everything when you look at the bigger picture: it gives you great momentum, great motivation. Now is the time to do it and that’s why we’re talking about such a big game for both sides. ‘