West Yorks Owl
Well-Known Member
- Joined
- 14 May 2012
- Messages
- 1,088
- Team supported
- The Wednesday
Thanks WYO, there is a bit more info slipping out about the deal, but it basically seems as the new owners are buying the club for £60 million, with £20 mil going to Lai & £40 mil paying off the debt.
These numbers are actually astonishing as it shows just what an appalling businessman Lai turned out to be. He reported paid close to £200 million for the club & is getting £20 mil for it now, having lost £160mil on the deal, whilst also running up £40 mil in debts.
Without new owners, we will have gone bust before the end of this current season.
Just got my fingers crossed that the new owners will be better than Lai, that we can ultimately keep hold of Carlos Corberan, who seems to be a decent manager & just be competitive in the championship.
Reading your failures by Lai sounds like a certain someone who couldn't run a bath in North Sheffield.
Wouldn't be surprised if we are in the same boat, and admin as a minimum in the near future seems a given.
Corberan is a good manager, I think if you can cement your place in the PO's you might be slightly under the radar, as all the talk will be on Leeds/Saints/Ipswich depending on which 2 don't get autos.