Club News

Club statement: Wisdom Smart Corporation Limited loan

An image of gates outside The Hawthorns

The directors of West Bromwich Albion Football Club remain in dialogue with Controlling Shareholder and Chairman Guochuan Lai regarding an outstanding loan owed to the club by his related party, Wisdom Smart Corporation Limited.

The £4.95m loan is due for repayment, with interest, today (Saturday, December 31, 2022), and Lai has assured the club’s board of directors the repayment will now be made early in the new year.