West Brom shareholders fear chairman Peace may be preparing to sell club - Sport - Evening Standard
       

West Brom shareholders fear chairman Peace may be preparing to sell club

West Brom shareholders are surprised at the timing of chairman Jeremy Peace's announcement to seek additional investment in the newly-promoted Barclays Premier League club.

There is also concern over the Baggies' future should Peace decide to sell to would-be investors who have little knowledge of the club or English football.

Neil Reynolds, chairman of Shareholders For Albion, said: "The fact that Jeremy Peace may be wishing to sell isn't a shock, but the timing of his comments are.


Unusual timing: West Brom chairman Jeremy Peace.

Unusual timing: West Brom chairman Jeremy Peace.

"We are a bit perplexed about it, unless he's trying to see what's out there.

"Jeremy always said he would stay for a few years but it does look as if he's seeking a buyer.

"That's a surprise because November's AGM would have been the obvious time to try to  consolidate more shares.

"That would make a purchase more attractive to any potential buyers.

"But then, we are all equal at the moment. Come November, if we are in the bottom three, we may not be as attractive."

Reynolds added in the Birmingham Mail: "Another issue we have is that we would be concerned if that potential buyer had no connection or knowledge of Albion or English football.

"These people may give you a good couple of years but are likely to leave your club in a worse state than they collected it in."

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