WBA set new investment deadline

Posted Tuesday, April 07, 2015 by Foxsports.com

West Brom chairman Jeremy Peace has extended the deadline for investors to buy the club to the end of the season.

Peace, who has been majority shareholder since 2005, is believed to be hoping for between 150m and 200m for The Hawthorns club following the announcement of the new 5billionbroadcast rights deal for thePremier League.
Groups from China, America and Australia are thought to be assembling consortiums with a view to investing in the Midlands club - and Peace is hoping to avoid a long-running takeover saga.
He told the club's website:"I said in 2008 that I was open to proposalsregarding investment in the club and would not stand in the way of a new ownerproviding they convinced me their intentions for the club were in keeping withits traditions and values and their ability to deliver on them was realistic.
"Nothing has changed in that regard. The recent announcement of a new andrecord media rights deal for the Premier League from season 2016-17 is sure tomean that there is once again huge interest in the brand.
"It was only right and prudent, in my view, that at such a moment we shouldpresent the Club to the investment market."
The Baggies, who are now managed by Tony Pulis, will kick off Saturday's clash with bottom club Leicester in 14th place in the Premier League - seven points from safety.