Kieran Maguire: West Brom 'have something to hide' as official request snubbed
It is difficult why West Brom would choose to ignore questions from their minority shareholders unless the “have something to hide”.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the current “silence” from the Albion boardroom.
The Athletic reported on Monday (12 September) that Shareholders For Albion sent a list of 40 governance questions to the club over six weeks ago but are yet to receive a response.
Shareholders For Albion are a coalition of investors who represent the 12 per cent of the club not owned by Lai Guochuan.
Lai, a Chinese billionaire, has regularly courted controversy during his time at the Hawthorns, most notably for lending himself £7million of the club’s own cash.
Also detailed in The Athletic’s report is the fact that Albion are set to appoint a fourth auditor in seven years after PricewaterhouseCoopers pulled out of their arrangement.
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Maguire claims that the lack of transparency from the Baggies does not look good.
“There are some times when silence is golden,” he told Football Insider’s Adam Williams.
“But in the case of West Brom and their refusal to update Shareholder For Albion, it comes across as a lack of professionalism and respect for minority shareholders.
“The club going forwards needs to have everyone rowing in the same direction.
“The fact that it is choosing to ignore the significant element of the base suggests that it has something to hide or that they hold the shareholders in complete contempt.”