Jeremy Peace transfers his stake in West Brom
West Brom chairman Jeremy Peace today transferred his controlling stake in the Baggies into a new holding company.
Peace will be the sole director of West Bromwich Albion Holdings Limited.
That, in turn will own his 59.9 per cent of shares in West Bromwich Albion Group – the club's previous holding company. It's understood Peace has no plans to sell his stake.
A club statement read: "West Bromwich Albion Holdings Limited will become the ultimate parent company of the West Bromwich Albion group.
"West Bromwich Albion Group Limited will now become a non-trading subsidiary.
"In light of this, Peace has stepped down from the board of West Bromwich Albion Group Limited, leaving the football club's chief executive Mark Jenkins as the sole director.
"Peace remains as chairman and director of the football club and these developments will have no impact on his full involvement at the Hawthorns."
