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A West Bromwich Albion shareholders' group has accused chairman Jeremy Peace of undervaluing the football club and increasing his stake in anticipation of making millions from a lucrative takeover.
Speaking to the Express and Star, Neil Reynolds of Shareholders4Albion.com claimed some stakeholders had received late-night phone calls from unidentified canvassers asking for financial information.
"They certainly upset many of our members, both in content and tone," he said. "You must realise that a lot of the people being contacted would be elderly, single shareholders for whom these calls were clearly upsetting."
Reynolds went on to suggest that a wealthy buyer could already be waiting in the wings to complete a takeover of West Bromwich Albion, amid suggestions that Peace has effectively used the side's own money to fund recent share purchases.
West Bromwich Albion are currently preparing for the English Premier League's big kick-off, after sealing automatic promotion from the Championship by finishing second behind Newcastle United.
Written by Terry Mitchell
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
