Investment deadline for end of July
By Jemma Tappenden
June 13 2008
Albion chairman Jeremy Peace has set a deadline for potential investors to express an interest in West Bromwich Albion football club. Peace is searching for either a long term major shareholder to invest heavily, or a complete takeover of the club in order to provide the finances necessary to take a foothold in the Premiership.
Peace today assured fans that any potential takeover would not affect the clubs activity in the transfer market or preparations for the new season. But a deadline on 31st July has been set for potential investors to stake their claim. After this date the door on offers will be closed, as Peace feels that it is in the best interests of the club for future investment to not interrupt the football season once it kicks off.
The Chairman claims that promotion, plus monies received from transfers has secured the clubs financial position for up to three years. But any real serious challenge in the Premiership will require added investment.
Peace has also called for any potential investors to be screened, in order to ensure that they have the clubs best interests at heart.