[baggiejohn]

I would suggest that the issue was financial, and the Chairman  wouldn't have been receiving his ransom, so he pulled the plug.

I'm sure Peace is not a very happy man today.

I think it was financial too, but if prospective owners are quibbling about the price, or, more likely, weren't able to satisfy JP's advisors on their abilty to pay, we've dogged a bullet & it's a good decision by JP.

[tommcneill]

I would suggest that the issue was financial, and the Chairman  wouldn't have been receiving his ransom, so he pulled the plug.

I'm sure Peace is not a very happy man today.

Ive been waiting for the JP detractors to say its because he won't get his money.

I would suggest it has nothing to do with that at all and is merely they couldn't backup their proposals with the club financially.

[Jeremy Roland Peace]

Ive been waiting for the JP detractors to say its because he won't get his money.

I would suggest it has nothing to do with that at all and is merely they couldn't backup their proposals with the club financially.

the deal was agreed before the exclusivity period was agreed.

I'd say it's more to do with the fit and proper persons test perhaps. either that or them actually providing evidence they have the money in the first place.

[labaggies]

Ive been waiting for the JP detractors to say its because he won't get his money.

I would suggest it has nothing to do with that at all and is merely they couldn't backup their proposals with the club financially.

Is that another way of saying they didn't have the wherewithal to pay Peace his fortune.

We will never know, will we....

[labaggies]

the deal was agreed before the exclusivity period was agreed.

I'd say it's more to do with the fit and proper persons test perhaps. either that or them actually providing evidence they have the money in the first place.

A comment was made earlier about the decline in the Chinese stock market, I would suggest that is the real reason, the deal failed.

[Albionic]

I agreed a sale on my house, turned out the buyers couldn't get the mortgage.

Similar scenario (in principle) methinks,

JP will not be a happy bunny, He now has to find cash to protect his unwanted asset !

[Topman]

I read a tweet on sons of Albion that they would not commit to team investment. I know we will probably never know but if that's the case then it's good it's dead with these people. I guess this will run and run

[Standaman]

We will never know who what or why. However one of the early symptoms of a bad owner at work is when they are buying the club money or commitment does not turn up when it is supposed to, there are delays and attempts to renegotiate terms. If you are desperate to sell (like Gold & Sullivan were at Blues) you press on and do the deal. If you are not desperate you pull the plug.

JP is not a desperate seller far from it he is backing us to stay in the Premier League relegation could cost him £100m which is no small wager. He doesn't need to find cash to protect his asset it is self sustaining and does not require to sell its' soul to a Sugar Daddy to survive or thrive.

We move on and the Peace haters get to keep their bogyman. Everyone's a winner

[paulosull]

How the hell can this be good news for f sake this man has taken the club as far as he can relegation candidates every year with no hope of silver ware. The transfer system which is in place is a joke see the failure of the system in the past two years since that bloke who's name eludes me went to England. Side note status quo are playing in town to night so there wil be a lot of forum members at that me thinks. JP ouuuuuuuuuut

[BAGGIES4LIFE]

A comment was made earlier about the decline in the Chinese stock market, I would suggest that is the real reason, the deal failed.

As an astute businessman/accountant surely JP would have received guarentees that they had the necessary funds before kicking the other interested parties into touch!
More likely they tried to move the goalposts or as has been mentioned they would not commit to further team investment, but I guess we will never know, so business as usual for a while. With the extra monies next year the price could well go up, but first of all iwe look forward to aother year of  survival year hopefully.

[The Joust]

you may be happy with it but do you believe it, really?? 1 signing (who looks like he could become a problem) plus interest in a centre forward with probably only 1 season left in him at this level, and a medical for a bloke who has barely played for 2 years and who as far as i am aware no others in a major european league have shown any interest in despite him being available all summer! Never mind laughing at the Seals we need to take a good long look at ourselves because as it stands today we have arguably the weakest squad in the division just 2 weeks before the season starts.
It is looking to me despite his words that JP has no intention of loosening the purse strings,hence the number of kids included in and around the first team (not the normal Pulis way), i am now more concerned than i have been all summer that we will loose tge 1 genuine class act in the squad,Berahino,!!

I'm happy with his reasons for pulling out of the deal. I'm not happy with the lack of signings, no, but this has nothing to do with the takeover. Even if the takeover had gone through we wouldn't have seen any difference in signings this season anyway I wouldn't imagine.

[AidantheBaggies]

I have got a few contacts in football through family and friends. And many people also say how much they admire WBA as a club, partly the way JP has run the club ans kept it stable over the years.

[bangkokbaggie]

As an astute businessman/accountant surely JP would have received guarentees that they had the necessary funds before kicking the other interested parties into touch!
More likely they tried to move the goalposts or as has been mentioned they would not commit to further team investment, but I guess we will never know, so business as usual for a while. With the extra monies next year the price could well go up, but first of all iwe look forward to aother year of  survival year hopefully.

I have no opinion either way on this but playing devil's advocate, it would be nice to hear the opinion of the other party because after all JP has had a reputation for spin and moving goalposts too, whether true or not.

[hunsletbaggie]

This is bad news.
And it just gives the Jezzerites more ammunition to re-write history.
I can see it now "JP saves us from dodgey takeover what a legend"

[The Joust]

This is bad news.
And it just gives the Jezzerites more ammunition to re-write history.
I can see it now "JP saves us from dodgey takeover what a legend"

If its true what is being said and its because the consortium wouldn't commit to 'team investment' then what is the point in selling the club? Peace could have took his £150m and ran, but in fact stayed until a buyer who WILL commit to certain amount of team investment is found. Fair play to him. Although I do believe we need to be sold because we clearly are going to be left behind in years to come otherwise...

Boro, Sheff Wed, Bournemouth to name but a few, all throwing money around. £10m+ for Championship signings is clearly the way forward it seems...

[BoingFlyer]

This is bad news.
And it just gives the Jezzerites more ammunition to re-write history.
I can see it now "JP saves us from dodgey takeover what a legend"

A chairman with a proven track record of running a club in the premier league decides to stay is bad news?!?! Unless the buyer was a multi-billionaire with a penchant for spending money on over-paid primma donners  (which was never going to happen) then it's a good thing!

Clearly the takeover had something wrong with it for him to dropout, perhaps they wanted to the buyout to be debt financed with the debt taken out by the club?

[Fritzl Palace]

I find the news both unsurprising and hilarious.

How many transfer windows in a row have now been an unmitigated disaster for us? I have certainly lost count. It seemed we were waiting for the mega bucks to roll in when the takeover was completed before launching a spending spree and low and behold it falls through, we've only signed a controversial Championship standard player and the season is two weeks away...

Don't you just love supporting the Albion.

[tuamigos]

We could have been another Birmingham City if the kitchen sinks had sunk their claws into us.

[hardtobeat]

I have got a few contacts in football through family and friends. And many people also say how much they admire WBA as a club, partly the way JP has run the club ans kept it stable over the years.

Check on their sanity, JP´s footballing decisions over the last 2years have been nothing better than useless in the main,witness the dismantling of his beloved European model!! Oh and dont start me on Greggs!

[hardtobeat]

We could have been another Birmingham City if the kitchen sinks had sunk their claws into us.

Or they could have been all for the club e.g Leicester,not all takeovers have gone sour!

[The Joust]

Check on their sanity, JP´s footballing decisions over the last 2years have been nothing better than useless in the main,witness the dismantling of his beloved European model!! Oh and dont start me on Greggs!

I don't see the issue with Greggs? People are reacting like they're knocking down the Hawthorns pub and building a Greggs there that has nothing to do with the club. It's going to be a bloody shop/stall in the WBA FANZONE. They will pay rent to us. It will be 1 of many stalls/shops in there. I don't see the issue personally.

PLUS, everyone loves a Greggs, come on 

[AidantheBaggies]

Check on their sanity, JP´s footballing decisions over the last 2years have been nothing better than useless in the main,witness the dismantling of his beloved European model!! Oh and dont start me on Greggs!

Ok...i take it you'd rather be a pompey in league two who have had to overcome crippling debts thanks to at the time 'fantastic New owners'

Or perhaps a Leeds united who have a complete tosser in charge of them.
No?

Maybe a Vincent Tan who can change our colors to Red and White stripes?

Or have Jeremy Peace who has run the club well, with no debt and spent good money on training facilities. He has also splashed cash on Anichebe and Brown Ideye who have both been a complete waste of money. 

And make mine a large sausage roll

[The Joust]

Ok...i take it you'd rather be a pompey in league two who have had to overcome crippling debts thanks to at the time 'fantastic New owners'

Or perhaps a Leeds united who have a complete tosser in charge of them.
No?

Maybe a Vincent Tan who can change our colors to Red and White stripes?

Or have Jeremy Peace who has run the club well, with no debt and spent good money on training facilities. He has also splashed cash on Anichebe and Brown Ideye who have both been a complete waste of money. 

And make mine a large sausage roll

To be fair there are good points and bad points on both sides of a potential takeover. Just stating the takeovers that have been rubbish is as bad as just naming the likes of City, Chelsea, Leicester ...

[Hayward1984]

Some truly terrifying posts on here.  I despair for humanity at times.

Lot's of speculation of what has/hasn't happened, truth is we don't know.

However, from now onwards the focus is 100% on getting the signings in.

As there is 5 weeks of the window left I'm sure we'll see this happen.

[costa blanca baggie]

I'm pleased to announce that this decision does not affect my life in the least.