Jeremy Peace aims to increase stake in West Bromwich Albion
Jeremy Peace today announced an offer to increase his stake in Albion – a move that could give him significant new powers.
The Baggies chairman, who currently owns 67 per cent of shares in the club, is offering shareholders £3,000 per share in a bid to acquire another eight per cent.
If Peace reaches a 75 per cent stake, he would have the authority to call an extraordinary general meeting at any time to make changes to the company. He currently has the power to make changes but must wait for an AGM to do so.
West Bromwich Albion Holdings Ltd, which is owned by Peace, today issued a tender document to acquire up to a further 770 shares in West Bromwich Albion Group Ltd, which is the club's parent company.
The offer runs until July 3 but could be extended by another two weeks.
