This is what was reported in June 2015;
However, I understand Peace is still immersed in dialogue with a number of foreign investors from China, America and the Far East to hand over his 88 per cent stake in Albion.
Peace had set a bargaining price of around £150 million for his shares and I understand he believes a deal can be finalised before Albion’s players report back for duty on June 29 before flying to Austria for a training camp.
So it is clear that other parties were interested and Peace did enter into an exclusivity arrangement with an interested party which he then terminated in July 2015. Part of his statement is as follows;
“I have today brought to a close the period of exclusivity announced on July 3 and suspended negotiations with the interested party involved over the sale of West Bromwich Albion Holdings Ltd,†Peace said in a statement released on the club’s website. “I entered into an exclusivity arrangement in good faith after agreeing terms for the sale but it is now clear to me that this potential purchaser is unable to fulfil the terms of that agreement at this time.â€
The offer from Fosun has only ever been a rumour, but given that we were for sale at the time they eventually acquired the other lot, it is not unreasonable to assume that they made an enquiry. However, there is no evidence to support either this, or the reported figure they may or may not have offered.
