West Bromwich Albion shareholders are furious at the club’s majority owners after they refused to answer any of their 38 questions about the club’s financial status.
Shareholders For Albion (SFA), who own 12 per cent of West Brom, wrote to director Xu ‘Ken’ Ke demanding clarity over a number of issues, amid concerns over the club’s future.
Baggies owner Lai Guochuan withdrew £7million from the club in ‘Covid relief loans’ for his other businesses and has since failed to meet several repayment deadlines. In March, the club effectively wrote off £5m of this.
West Brom's owners have refused to answer a list of 38 financial questions sent by shareholders
Owner Lai Guochuan withdrew £7million from the club in ‘Covid relief loans’ for his other businesses and has since failed to meet several repayment deadlines.