Are West Brom In Trouble? Ownership and Mounting Debt

Are West Brom In Trouble? Ownership and Mounting Debt - EP3

Рет қаралды 3,195

Күн бұрын

Let’s step into the turbulent world of West Brom, where passionate fans are crying out for change. The historic club, founded in 1878 and one of the football league pioneers in 1888, finds itself at a crossroads, and on the edge of a financial crisis.
For years, West Brom's financial track record was solid, enjoying stability in eight consecutive seasons from 2010 to 2017. A rollercoaster of promotions and relegations in the Premier League kept the club in the thick of the action, until the arrival of Chinese businessman Guochuan Lai in 2016. And things looked promising, but as mysterious loans with eye-watering interest rates began to surface in the club's accounts, optimism gave way to mounting debts.
In our third episode of 'How Not To Run a Football Club,' we delve into an overview of the mismanagement by new owners, transforming a once-stable institution into a club grappling with an uncertain future and a looming financial crisis.
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Chapters
0:00 Intro
01:13 The Premier League Years
03:11 Financial Trouble
06:27 What’s the Future?
#westbrom #westbromwichalbion #football
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Пікірлер: 10

@gar6446 5 ай бұрын

Lai wont sell while theres the slightest chance of that pot of gold, the PL next year. That would allow him to recoup more on selling. If they dont get up he will asset strip and strip the carcass of the club before relinquishing control. This is an horrific prospect for the club, who will be punished by the league and probably end up in league 1, and in administration. Theres about a 1/6 chance of promotion at best so its a £30M bet to hope to win the pot.

@sportstoriestv 5 ай бұрын

Thank you so much for watching, be sure to check out all episodes from our series 'How Not To Run A Football Club' in which we raise awareness of incompetent owners. I appreciate all the support for the channel ❤

@ruben6699 5 ай бұрын

please do reading fc as were still trying to show people whats happening here

@sportstoriestv 5 ай бұрын

This will actually be our next video :)

@Clem_Fandango11 4 ай бұрын

This all sounds familier. Dodgy Chinese billionaire lumbering debt on the club. We are in real desperate straits at Reading. Even though the club is up for sale, we dont know who will buy, and potential buyers are being put off by the owner. He has stopped funding and staff dont know know if they are getting paid. Sponsors are paying the bills and HMRC are knocking at the door.

@rogerstanton8192 5 ай бұрын

All the classic ingredients of allowing a club to be owned by a dodgy "billionaire". Fans !!! They really don't matter anymore.

@jacobrivers5728 5 ай бұрын

Although I'm no fan of Guochuan Lai, the real villain is JEREMY PEACE. It was his pure unadulterated greed that has caused West Brom's current predicament. Gullible Guochuan Lai just happened to come along and fall into the clutches of that vulture Jeremy Peace. Peace sold the club for an overinflated price along with his own debts to a naïve Lai, who was way too eager to jump on the bandwagon of owning a Premier League club and to be associated with all the glory and trappings that come with it. Guochuan Lai, the world's poorest 'billionaire', has been a disaster, however, the source of this catastrophe lies at the door of Jeremy Peace, and whoever takes over the club should slap a lifetime ban on supposed WBA fan Peace to ensure that he's never allowed to enter The Hawthorns again.

@4mazal4 5 ай бұрын

Dross

@jacobrivers5728 5 ай бұрын

@@4mazal4Explain why it's dross.