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Sport West Brom the subject of takeover interest from up to SIX parties

05:20  28 november  2020
05:20  28 november  2020 Source:   dailymail.co.uk

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West Brom have suspended takeover talks with an unnamed bidder to end hopes of having new owners this month. "As for the club's long-term future, it is true that both before and since the exclusivity announcement was made, other parties have expressed strong interest in a purchase of

Keep up to date with ALL the West Brom news, gossip, transfers and goals on our club page plus fixtures, results and live match commentary. A clearly delighted Pulis told the West Brom club website: "This is a time of great change at Albion and when that happens you need continuity.

a sign on the side of a building: MailOnline logo © Provided by Daily Mail MailOnline logo

West Brom are the subject of possible takeover interest from up to six parties but owner Guochuan Lai may struggle to achieve his £150million asking price for the club.

Sportsmail understands Albion have already held talks with at least three of the groups, two of which are based in the United States, and discussions are ongoing.

Lai bought the club from Jeremy Peace for about £200m in 2016 but the effects of the coronavirus pandemic means he is highly unlikely to recoup that outlay. To conclude a deal, Lai may have to accept a fee closer to the £100m mark.

a group of people in a cage: West Brom are the subject of takeover interest of up to six parties with discussions ongoing © Provided by Daily Mail West Brom are the subject of takeover interest of up to six parties with discussions ongoing a man wearing a suit and tie: Owner Guochuan Lai has £150m asking price for club, but may have to accept figure of £100m © Provided by Daily Mail Owner Guochuan Lai has £150m asking price for club, but may have to accept figure of £100m

The Chinese businessman’s aim is for Albion to be self-sufficient, meaning they had a transfer budget of only about £25m – plus whatever could be recouped from sales – during the last window, following promotion from the Championship.

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Video: West Brom takeover latest as Slaven Bilic faces conundrum (Birmingham Mail)

That has caused tension behind the scenes, with boss Slaven Bilic desperate for improved funds to give his side a better chance of survival. Albion have yet to win this season and have collected only three points from their opening nine matches, ahead of their vital clash with fellow strugglers Sheffield United at The Hawthorns.

Bilic’s position looked vulnerable before the international break but his side performed very well against Tottenham and Manchester United, despite the narrow defeats. Even so, the next two games – both winnable home fixtures against the Blades and Crystal Palace – look pivotal for their prospects.

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Behind the scenes video of the England squad modelling the new kit that they will be wearing when they try end 48 years of hurt in Brazil this summer.

a man holding a phone: There has been tensions behind the scenes with Slaven Bilic desperate for more funds © Provided by Daily Mail There has been tensions behind the scenes with Slaven Bilic desperate for more funds

Bilic said: ‘A win would have a massive psychological effect. It's the same for them and it is worth more than three points in this situation.

‘It gives you everything if you look at the bigger picture: it gives you big momentum, big motivation. Now is the time to do it and that's why we are talking about such a big game for both sides.’

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