Here are your West Brom morning headlines for Thursday, September 24. West Brom are engulfed in a three-way takeover battle as owner Lai Guochuan stands eager to sell before the end of the season amid growing fears of relegation. [4], In July 2016, Laiout agreed to purchase West Bromwich Albion F.C. The deal was completed on 15 September 2016[5] and Lai appointed former Blackburn Rovers chairman John Williams as the new chairman of the club. The club have turned to … West Brom 3 . tweet; West Brom’s majority owner Guochuan Lai is in negotiations with an American group over the potential sale of, or purchase of shares in, the club, according to reports. ... All trademarks are the property of their respective owners. Lai stepped down from this role in 2014 to focus on private investment projects, yet retains a close link with Palm and remains director of a number of subsidiaries including Belt Collins International (HK) Limited, Palm Landscape (Hong Kong) Limited, Hangzhou Nanyue Palm Landscape Construction Limited and PALM Design Holding. “And I – two times the team’s top scorer, young international, twice Young Player of The Year – was the most valuable asset of West Brom. I had so much anger towards one guy, West Brom owner Jeremy Peace. Southampton 0 . West Bromwich Albion fans, frustrated by their club’s struggles to add to last season’s promotion-winning squad but unable to say as much during matches at … Guochuan Lai visits The Hawthorns Stadium, home of West Bromwich Albion When Lai bought an 88 per cent majority stake from former owner Jeremy Peace for £200m in … Rashford, Greenwood lead Man Utd past Brighton. Leicester West Brom 20:00. Jake Evans Digital Marketer at Region … However, a number of fans and some minor shareholders who own the remaining 12 per cent of the club are concerned the historical loan is yet to be repaid. West Brom may have already undergone a change of ownership with Guochuan Lai potentially having no involvement at the club any more, according to the digging of Chris Lepkowski and Adrian Goldberg. [citation needed] He resides in Guangzhou, a city in the Guangdong province of China, and only attends West Bromwich Albion club matches occasionally, leaving the day-to-day running of the club in the hands of long-term associates Li Piyue, who serves as the club's chairman, and Ke Xu, who is Chief Executive Officer. [citation needed], Prior to their first season in the Championship, club legend Darren Moore, who had enjoyed a successful playing career with the club (gaining promotion to the Premier League in the 2001-02 and 2003-04 seasons), was appointed as the club's new head coach (following a spell as caretaker manager towards the end of the club's relegation season during which Albion had gone unbeaten, and enjoyed victories over Tottenham Hotspur at the Hawthorns and Manchester United at Old Trafford only narrowly missing out on survival in the Premier League) and Li Piyue, an associate of Lai's, was appointed Chairman of the club. "CLUB STATEMENT: Latest on West Bromwich Albion takeover", West Brom Takeover Chinese Investment Group, https://en.wikipedia.org/w/index.php?title=Lai_Guochuan&oldid=1015921864, Articles containing simplified Chinese-language text, Articles with unsourced statements from November 2020, Creative Commons Attribution-ShareAlike License. You must wait at least 30 days in between new photo uploads. Lai is the controlling shareholder and director of private investment firm Yunyi Guokai (Shanghai) Sports Development Limited, and the owner of West Bromwich Albion F.C..[1] Lai gained his wealth through his position as general manager and shareholder of Palm Eco-Town Development Company, which he developed from a small plant nursery business into China's largest landscape development and construction firm over his two decade long stewardship.