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Friday 30 September 2016

Due diligence under way at WBA

Published 27/04/2015 | 21:56

West Brom chairman Jeremy Peace has told boss Tony Pulis a takeover will not drag on
West Brom chairman Jeremy Peace has told boss Tony Pulis a takeover will not drag on

Interested parties have begun due diligence on West Brom as the sale of the club edges closer, Press Association Sport understands.

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The Baggies are on the market with chairman Jeremy Peace understood to want between £150million and £200million for the club.

Groups from America, Australia and the Far East are believed to be interested in buying Albion after Peace confirmed he would be open to offers in February.

He has set a July deadline to complete any deal to ensure it does not drag out and hamper their summer transfer plans under head coach Tony Pulis.

Should he fail to sell the club, though, then Peace, who has been chairman for 13 years, will remain committed to Albion, who are on course to seal a sixth straight season in the Barclays Premier League.

Pulis said on Monday he was unaware of any imminent sale but Peace has given him assurances it will not drag on over the summer.

Any due diligence of the Hawthorns club is likely to be helped after they announced pre-tax profits of £14.7million up to end of June 2014 in February.

The Baggies are 13th in the Barclays Premier League, seven points clear of the relegation zone, with four games left and go to Manchester United on Saturday.

Press Association

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