Takeover

[Jacko]

Really don't think the Liquidator Podcast is helping fans worries about the club at the moment. Really giving impression that this Warmfront loan is a big issue when it clearly isn't to the club even if it is to Lai.

Absolutely. Baldie naming the company (that owns the majority of the shares) West Bromwich Albion Holdings Ltd has not helped.

If people saw West Bromwich Albion Holdings Ltd as Lai & Sons Ltd, then they'd start to realise it has fuck all to do with WBA FC, other than it owns 88% of the shares.

So Warmfront lending Lai & Sons Ltd money and having secured that loan against shares in Lai & Sons Ltd, does NOT affect WBA FC shares in anyway, shape or form.

If Lai & Sons haven't repaid the loan, then Warmfront can seek to call in the security of the shares in Lai & Sons Ltd.

What isn't clear is if Lai & Sons are selling Lai & Sons Ltd or if they are selling the shares they own in  WBA FC.  Someone on here (may have been KKC) said a new company to hold the shares in WBA group is being formed in Jersey and it's just the shares that are being sold.   A newspaper article stated it was the shares in Lai & Co Ltd that were being sold,

If Lai & Co are just selling the WBA FC shares (and not the shares in Lai & Sons) , then I'd be worried if I were warmfront, as the shares in Lai & sons will be worth next to nothing once the shares in WBA FC have been sold and the cash taken out of Lai & Sons Ltd and shipped to China.

Which is it? Lai & Sons or Lai & Co? Asking for experts and laypersons alike...