i recently revealed in detail the financial problems ravaging the Championship side which includes an outstanding £5m loan issued to a company called Wisdom Smart Corporation. Hong Kong-based Wisdom Smart is under the ownership of West Brom owner Guochuan Lai and the loan was granted around two years ago to aid his other businesses affected by the pandemic. Following huge pressure from fan groups – including campaign group Action For Albion and Shareholders For Albion (S4A), a group of around 400 fans who own the remaining 12 per cent of West Brom – Lai has put West Brom up for sale. West Brom had been looking to offload players during the summer transfer window, but found clubs made derisory offers for their players, possibly trying to take advantage of their financial position. After eight Championship games this season they are 13th in the table, with two wins, two defeats and four draws.

Source: Metro September 30, 2023 10:24 UTC