Baggies up for sale

West Bromwich Albion chairman Jeremy Peace today effectively put the club up for sale.

The Baggies boss insisted he will listen to any "substantive and sensible proposals which are in the best long-term interests of the club"

A statement released by the club today said:

"Following their promotion from the Coca-Cola Championship as champions, Albion are set to compete in the top flight for the fourth time in seven seasons.

Albion have been regularly praised in recent years for the way the Club has been run financially.

After the release of Deloitte¹s Annual Review of Football Finance 2008, Dan Jones, partner in the Sports Business Group at Deloitte, highlighted Albion as a good example of a Club who has invested their Premiership Œwindfall¹ wisely to create a strong financial base.

But the Club¹s Board feels that to progress as a successful Premiership club, further substantial backing is needed.

Jeremy Peace, Albion Chairman and Majority Shareholder, said: "We have always tried to organise the club¹s 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."

Baggies fans what do you think? Post your comments below.