West Bromwich shareholders demand inquiry into loan made to former owner
3 January 2020
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.
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.
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