@RobDorsettSky@JPercyTelegraph@GoldbergRadio @BuzagloToBalis @AliJones9 Hang on - the club had to borrow money BECAUSE Lai had literally stolen (I use that term without hesitation) money from the club with the Wisdom Smart “loan” that was made unlawfully by his stooge (then sole director of the club), Ke Xu, in blatant breach of his fiduciary duty to only act in the best interests of the company (being the football club) which that “loan” made to Wisdom Smart very clearly was not!
I sent several emails to Ke Xu about this (I have copies), pointing out his blatant breach of fiduciary duty and demanding to know as a shareholder what he was doing to enforce repayment from Wisdom Smart. Every email was totally ignored. I also sent emails about it to the club’s auditors, Azets (I still have copies) who were obviously very interested. Crucially I sent an email to Rick Parry (Chairman) and Trevor Birch (Chief Executive Officer) of the EFL on 20th January 2023 about Lai’s “loan”, which led to two video calls with their “very interested” colleagues Mark Rowan (Chief Communications Officer) and Nick Craig (Chief Operating Officer) in May 2023 about all the shenanigans. I made them aware of facts regarding the Chinese ultimate beneficial ownership of the club which neither they nor the Premier League (who originally approved Lai as “fit and proper”) knew nothing about. Because of those illegal acts by Xu, as Lai’s puppet, money unlawfully disappeared from the club, leaving it days away from going into administration.
If the club may potentially now suffer a points deduction some 3 years later directly because of the club having no option but to pay interest on expensive MSD loans taken out by Lai to literally keep the club in existence because he was unable to repay his own unlawful Wisdom Smart “loan”, then this would be a disgraceful gross injustice by the EFL and must be fully exposed and challenged. No sane person would deem that to a breach worthy of a points deduction. The EFL was made fully aware of the situation regarding that Wisdom Smart loan and if they cannot now locate their emails to refer to, I do still have them all.
The EFL has had an absolute stinker here on multiple fronts (as did the Premier League before them) and they need to recognise that and immediately dismiss any charge against the club.
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