{"id":524558,"date":"2023-08-23T08:00:00","date_gmt":"2023-08-23T07:00:00","guid":{"rendered":"https:\/\/www.footballinsider247.com\/?p=524558"},"modified":"2023-08-23T08:00:00","modified_gmt":"2023-08-23T07:00:00","slug":"kieran-maguire-slams-chaotic-and-clueless-guochuan-lai-after-2m-west-brom-news","status":"publish","type":"post","link":"https:\/\/www.footballinsider247.com\/kieran-maguire-slams-chaotic-and-clueless-guochuan-lai-after-2m-west-brom-news\/","title":{"rendered":"Kieran Maguire slams &#8216;chaotic and clueless&#8217; Guochuan Lai after \u00a32m West Brom news"},"content":{"rendered":"\n<p><strong>West Brom owner Guochuan Lai is coming across as &#8216;desperate&#8217; after taking an additional \u00a32million loan out.<\/strong><\/p>\n\n\n\n<p>That is the view of finance expert Kieran Maguire, who spoke exclusively to <strong>Football Insider <\/strong>about Lai&#8217;s &#8216;chaotic&#8217; management of the Baggies.<\/p>\n\n\n\n<p>On top of West Brom&#8217;s \u00a320million loan from MSD Holdings and the \u00a34.95million taken out of the club by Lai to fund his faltering business during the pandemic, the Baggies chief also took a <a href=\"https:\/\/www.birminghammail.co.uk\/sport\/football\/football-news\/west-brom-warmfront-holdings-loan-27520187\">loan of \u00a32million<\/a> from heating company Warmfront Holdings loan.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\ud83d\udea8 BREAKTHROUGH! Everton close on HUGE double signing, Adams update, big Gnonto update\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/2gZ8PLzAS0M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>West Brom are not the beneficiary of the loan, but it is a concern for the club that Lai continues to borrow additional funds despite failing to repay the \u00a34.95million owed back to the club.<\/p>\n\n\n\n<p>Lai has missed multiple deadlines, with his <a href=\"https:\/\/www.birminghammail.co.uk\/sport\/football\/football-news\/west-brom-confirm-5m-guochuan-25870497\">latest statement<\/a> promising repayment in &#8220;early in the new year&#8221;.<\/p>\n\n\n\n<p>Maguire criticised Lai&#8217;s running of the Midlands club and described his history of failed loan repayments as &#8216;disturbing&#8217;.<\/p>\n\n\n\n<p>&#8220;<em>Guochuan Lai\u2019s decision to borrow an extra \u00a32million and pay a default interest rate of five per cent a month doesn\u2019t directly affect West Brom because of the pyramid structure of companies<\/em>,&#8221; Maguire told <strong>Football Insider&#8217;s <\/strong>Sean Fisher.<\/p>\n\n\n\n<p>&#8220;<em>But it is indicative of an individual who is either desperate or a fool &#8211; or perhaps both in the case of Lai.<\/em><\/p>\n\n\n\n<p>&#8220;<em>I think what is more disturbing is the \u00a34.95million that Lai effectively borrowed from West Brom which was promised for repayment in 2022.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"703\" src=\"https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2021\/08\/45908815_590x405-1-1024x703.jpg\" alt=\"West Brom\" class=\"wp-image-346691\" srcset=\"https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2021\/08\/45908815_590x405-1-1024x703.jpg 1024w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2021\/08\/45908815_590x405-1-300x206.jpg 300w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2021\/08\/45908815_590x405-1-768x527.jpg 768w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2021\/08\/45908815_590x405-1-1140x783.jpg 1140w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2021\/08\/45908815_590x405-1-750x515.jpg 750w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2021\/08\/45908815_590x405-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>&#8220;<em>Deadlines were missed and reassurances were given that it would be paid early this year &#8211; it is under very few people\u2019s reckoning that August is deemed to be early in the year.<\/em><\/p>\n\n\n\n<p>&#8220;<em>It is very much a case of \u2018watch this space\u2019 in what appears to be a chaotic and clueless management style instigated by the owner.<\/em>&#8220;<\/p>\n\n\n\n<p>In other news, <a href=\"https:\/\/www.footballinsider247.com\/sources-west-brom-eye-move-for-reading-star-nesta-guinness-walker\/\">West Brom eye move for Reading star Nesta Guinness-Walker<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Brom owner Guochuan Lai is coming across as &#8216;desperate&#8217; after taking an additional \u00a32million loan out. That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about Lai&#8217;s &#8216;chaotic&#8217; management of the Baggies. On top of West Brom&#8217;s \u00a320million loan from MSD Holdings and the \u00a34.95million taken out of <em>&#8230;<\/em><\/p>\n","protected":false},"author":80,"featured_media":341176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverart":"\"\"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_sections":"\"\"","_grv_disable_ads":false,"grv_featured_categories":""},"categories":[4,18923,2235],"tags":[182],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/524558"}],"collection":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/users\/80"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/comments?post=524558"}],"version-history":[{"count":4,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/524558\/revisions"}],"predecessor-version":[{"id":524570,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/524558\/revisions\/524570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/media\/341176"}],"wp:attachment":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/media?parent=524558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/categories?post=524558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/tags?post=524558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}