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Albion shares battle
Tuesday 25th September 2007, 1:10PM BST.
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The battle for control of Albion took a new twist today as minority shareholders were recommended not to sell to chairman Jeremy Peace.
Shareholders for Albion (S4A), which represents fans who hold only a few shares in the club, has urged supporters to retain their holdings.
In our video chief sportswriter Martin Swain discusses the situation with video journalist Andy Toft.
Shareholders are currently considering a mandatory £80 a share offer from Peace after the chaiman bought 2,380 shares last week at that price to take his stake through the 50 per cent barrier.
The offer values the club at £7.26m, although the accounts suggest it is actually worth £24m.
A statement released by S4A today said the organisation believed the shares were worth more than the current offer.
“In our opinion, the value of WBAH shares will be considerably more than £80 should the club achieve promotion to the Premiership,” said the statement.
“We have invested in WBA Holdings because we love the club, not for any personal gain, and want to remain shareholders for as long as we can afford and are allowed to.
“None of the S4A Committee Members will be accepting the offer to sell their shares.”
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Its sad for the s4a because you need complete backing not only off the shareholders, but none shareholders also, i hold shares myself not in wba! but other huge companies and peace only has to get above his 50% then the mandatory offer will go through,but the s4a are being sold down the river.this is to peace why not offer your loyal shareholding supporters the £80 pound offer and a free season ticket next season, and meal at the hawthornes, irrespective of where you finish in the league, after all the interest should pay for this alone,i think that would be a fare assessment.
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Oh dear Oh dear Oh dear.
Looks like JP’s long term plans for the club have been rumbled.
No wonder the true Albion fans have been urged not to sell – pulling the wool over your eyes rings a bell.
I for one would be very worried that you could potentially end up in the hands of anyone interested in making a fast buck (apart from the one in control now).
Hong Kong here we come!
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Well, it seems that JP’s bid to get control on the cheap has come unstuck!
Can’t blame him for trying, but it does make you wonder what motivates him – success for the club or making himself a nice retirement nest-egg?
And before Laughing @ Dingles and terry walsall boing boing make their usual juvenile comments about a ‘tenner’ Get over it,Sir Jack thought more about his club than JP ever will.
Chink Chink
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3.
The days of owners waving their scarves and telling everyone how much they love the club are over.
Football is a business.
Sir Jack’s gone – Get Over It.
I know who I would rather have running my club – Morgan ( I can’t get Liverpool so who can I buy now ? ) and Moxey or JP.
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B.L.F said “I for one would be very worried that you could potentially end up in the hands of anyone interested in making a fast buck (apart from the one in control now)”.
Now why does that sound so familiar ? Oh I remember….
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I don’t fully understand the financial stuff but S4A said ““In our opinion, the value of WBAH shares will be considerably more than £80 should the club achieve promotion to the Premiership,” said the statement.
The word here is “should”. Yes the shares will rise if / when we go up – but till then what are they worth ? They also say the shares are worth nore “in their opinion”. Well in JP’s they aint – so who is right ??
Surely these things can be priced independantly – or as majority shareholder does JP have the final say ?
So much for the feelgood factor – cheers again E&S.
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Something else for the Wolves fans to get their teeth into. Anything but what goes on on the pitch! God you lot are desperate. Balti anyone?
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Happy – yes they can be priced independently. The article suggests that accounts value the club at far more than the offer.
The Accounts would need to be scrutinised to see if there was any ‘overvaluing’ of assets or undervaluing of liabilities – shouldn’t really happen, but does Just ask Executives of a certain American Compo
any in the news a few years ago and now serving jail sentences.
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I had already made the decision to hold on to my shares but not because of suspicion. JP is obliged to make the £80 offer and cough up accordingly, whether he wants to or not; that’s Company Law. Regardless, my view is that JP has done a brilliant job in managing our beloved and I feel that the club and shareholders are in good hands, regardless of any future sale he may have in mind – which would be his choice. Recognise that we have good leadership at the Club right now and that the future looks bright for fans and shareholders. I don’t know the man but I wouldn’t say no to a chorus of ‘There’s only one JP’
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HAPPY-BAGGIE JP is like a huge housebuilder buying land to build on has where the s4a have land and houses already built on it, but peace only wants the land and does not want the houses he wants to demolish what the s4a have and sell for a huge profit! to a property developer, its sounds bad but this is what it is coming down to.ME myself estimate each share to be in the region of £185.00 pound a share.
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There are suggestions afoot that
Jeremy Peace is involved in some dastardly plot.
I dont pretend to even begin to understand the financial critique of our football club.
As a fan, what i do know is that JP backed the manager, totaly as far as i can see, with his transfer targets.
Past chairmen would have banked the whole £30m we recieved for our “stars” and used a smokescreen to tell us why they couldn`t replace them.
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IF i where to win the euro millions friday i would buy peace out at £90 a share and the rest of the shareholders honor you at £200 pound a share.
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Calm down one and all. This is not a serious offer by the Chairman to acquire more shares. If he really wanted to do so he would offer the market rate based on the Albion’s perceived value and not a mere £80.00. He is merely making an offer that he is obliged to do so as Al (8) correctly pointed out. Once again its a story about nothing. A phrase that the Express and Star should have translated in to Latin and put beneath its name on the front of each edition.
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Birchfield wolf, don`t worry we would never slate sir jack, all Albion fans have upmost respect for the way that man employed ordinary managers, wasted millions, made you play in a custard bowl 8 miles from the pitch, blew an 11 point lead 1 year (still smile about that)and above all kept you lot well and truly below the baggies for the last 20 years. Arise sir Jack, we will miss you.
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Nope – I’m still none the wiser…
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I’m off to watch Wall Street….
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Jeremy Peace is… Gordon Gekko. Greed is good and lunch is for wimps…you don’t hear that in west brom high st very often…
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freddie f – Knew one of you couldn’t resist it, but if you are going to have a go at least make it sensible.
Choice of Managers – history may support part of your argument,but even an idiot can draw conclusions in hindsight.Tony Mowbray would probably be considered an ‘ordinary Manager’ but so far I think he has done a good job for you,successful, only time will tell – but I don’t think Hoddle, Taylor and Jones would have been described as ‘ordinary’.They didn’t bring sustained success – fact.
Blowing 11 point lead – fact but hardly attributed to Sir Jack, painfully, I remember those games and the blame is squarly with the manager and players – plus I think your own club should take some credit – don’t you?
Being below the Baggies for the last twenty years – being pedantic I know but I can remember at least one year when this wasn’t the case and not so long ago.
Any other comments you have made will be ignored, as they are straight out of the terrywalsallboingboing handbook of reasoned debate.
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Birchland Wolf
I agree that Sir Jack had a lot of admiration for the Wolves and fair play to him, thats a true chairman right there. JP has done VERY well for the club anyway so how people can attempt to knock him is beyond me. I dont see him as stepping one foot wrong business wise as of yet and I’d be happy for him to take more control. Sure his gonna make his money but who wouldnt.As for BOTHROYDS LEFT FOOT you really dont have a brain for these things…clearly.
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Oh dear Oh dear Oh dear
All is not well at Tesco Towers, JP could always sell his shares to the Bhatti Brothers, now that would be really funny.
Still while they are fighting in the boardroom the club will be in real trouble. Long may the troubles continue.
Up the Wolves
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Can anybody think of any future takeover bids?
I know someone with a tenner from his last sale!
Hope JP has got some change and won’t rip off an old man ;)
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12,dross here what i have to say this is what you the shareholders will get through the post sometime soon,off the board of directors,this document is important and requires your immediate attention.if you are in any doubt as to the action you should take you are recommended to seek your own financial advise immediately from your stockbroker,bank manager,solicitor,accountant or other independent finacial adviser authorised under the finacial services and markets act 2000 if you are resident in the uk or,if not from another appropriately authorised independent finacial adviser. or something similar obviously the solicitor mr billings will be trying is best for you, he already has by the statement realeased by the s4a today.
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BoingBoing666,
can see where you are coming from, but my own opinion, is that it is very difficult to balance making personal fortunes AND ensuring the future success of a football club especially when investors are ‘emotionally attached’ to the club.
It will be interesting to see what happens at Chelsea in years to come, but I think that a fair chunk will be written off as ‘hobby money’, but not everyonre can afford to do that.
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I don’t think that any of you Wolves fans can comment on your new owner until you see the colour of his money. Time will tell.
There is suddenly a lot of interest in buying clubs with potential to get to The Premiership, (Coventry City for example), due to sheer amount of money to be gained from even just one season there. I can see takeovers happening at a number of clubs but not always for the best intentions.
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wednesbury 1
Get a life you dip stick
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PETE (19) -always start with oh dear oh dear… and then it goes down hill fast.
Fighting in the boardroom ?? Where does it say that ??
We have harmony throughout our club – its an external group that is questioning the value of our shares – thats not going to affect us is it ??
And i believe it was your shower that sold to the Bhatti bros – so whos the Mugs ??
Just another dingle trying to wish some misfortune on the Albion and just looking like a fool – take ya ten pound club and disappear.
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pete, ((wolves are great))im a wolves fan do you want me to sort out this anthropologoy behaviour.
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Listen to 8 & 12. They’re right. He is obliged to make an offer. With my less partisan hat on I’d increase my share holding too with the reasonable chance you have of reaching the premiership and the revenue that will generate. I think if he was serious the offer would need to be around double. Being a loyal wolves fan of course I wouldn’t even offer a tenner!
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21. wednesbury 1 – its an offer to buy. Its not compulsory purchase. I think you are getting a little confused with your house building analogy.
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28.throstle been in the game to long to no it leads to the !obvious! surely you have to agree.peace is already sitting down rubbing his hands.
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