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Kieran Maguire tells Guochuan Lai to 'get out' of West Brom after '£165m' takeover news
Guochuan Lai should ‘get out’ of West Brom and accept a £165million loss on his investment.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that a full sale is best for Lai with the Baggies losing more money each week.
As revealed by Football Insider, the sale of West Brom is set to accelerate after Lai dropped his asking price for the club down to £35million.
Lai initially set an asking price of £50million for the club, but decided to drop his demands in a bid to get a deal over the line.
Albion chiefs have held talks with potential takeover parties in the United States and Middle East as they try to find a suitor before the January window opens.
The Telegraph report that West Brom will face a fire sale in January if no new owners are found.
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Maguire explained that Lai took a ‘gamble’ when purchasing West Brom and will now have to accept a huge loss.
“This is a much more realistic price,” Maguire told Football Insider’s Sean Fisher.
“If we take a look at clubs in the Championship, Leeds sold for £50million a few years ago and I think everybody would accept that Leeds United are a club with higher income streams and a larger fan base than West Bromwich Albion.
“Sunderland’s sale was for around £30million when they were between the Championship and League One.
“So £35million would be a substantial loss for Guochuan Lai considering he paid around about £200million for the club.
“But if the club is continuing to lose money on a week-by-week basis then it’s best to get out.
“Owners having to suck it up is part of the game – they take a gamble when they buy a football club.“
In other news, Guochuan Lai ‘living in a fantasy world’ as West Brom takeover update revealed