Baggies Chairman Jeremy Peace has admitted that he is on the look out for new investors to help consolidate the Club’s position in the Premier League.
During the Chairman’s tenure he has ensured that the club has not lived beyond its means and he is has not made foolhardy attempts to buy success.
In Delloite’s Annual Review of Football Finance 2008 Albion was highlighted as a good example of a Club that has invested their Premiership windfall wisely to create a strong financial base.
Commenting on the Official Club website Jeremy Peace said: ‘We have always tried to organise the Club’s finances on a sensible and prudent basis and we will continue to do so. However, the reality is that to be successful in the Premiership a club of our size needs significantly more financial backing. We are now attractively placed to benefit from new investment and will listen to any substantive and sensible proposals which are in the best long-term interests of the club’.
Whilst some press reports suggest that Mr Peace is looking to sell up that is not the case. Although it is hard to see why anybody would want to invest in the Club without taking a controlling interest.
Either way you can be sure that the astute Chairman will get a very good deal for the Baggies. His transfer dealings are legendary at the Hawthorns, how he managed to get £2.5 million for McShane is unfathomable and the £10 million Aston Villa were forced to pay for Curtis Davies was beyond many fans expectations. Especially as Davies had missed a good proportion of the season that saw Albion fail to win the play-offs.
Baggies fans should be assured that Jeremy Peace will not allow the fiasco that dominated Blues’ season to happen at the Hawthorns.
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