West Bromwich shareholders demand inquiry into loan made to former owner

3 January 2020

WB
Photo: Getty Images West Bromwich's current owner, Chinese Guochuan Lai (center), bought the club back in 2014 for £200 million.

A group of West Bromwich shareholders are alleging the club's former owner, Jeremy Peace, used a loan from the club to fund an offer he made to increase his stake in the club's parent company, according to the Daily Mail.

After increasing his stake to 88 per cent, Peace sold his shares to Bromwich's current Chinese owner for £200 million, eight times what he paid.

Emil Gjerding Nielson nielson@offthepitch.com

A group of West Bromwich shareholders and fans are demanding that the club launch an investigation into a loan made by Bromwich to the club's former owner, Jeremy Peace. They allege that Peace used the loan to increase his stake in the club's parent company with the aim of selling  it at a huge profit, according to the Daily Mail.

Do you want to read this article?

Get instant access by signing up for a 14-day free Premium trial

No credit card, no commitments and it will expire automatically.

You will receive a link that activates your trial in an email.

Already a standard subscriber? Upgrade here