Albion say will there will be no further action will be taken in relation to a loan made to former chairman Jeremy Peace after completing a 'thorough investigation' by a top barrister.
Albion say will there will be no further action will be taken in relation to a loan made to former chairman Jeremy Peace after completing a 'thorough investigation' by a top barrister.After an 18-month investigation, the independent King's Counsel Sebastian Isaacs has reported back to the club and minority shareholders' group Shareholder for Albion .Peace borrowed the sum against the club and into his own company, WBA Holdings, in 2014.
Peace's shares increased from 65 per cent to 88 per cent in 2014. Peace claimed the move was 'completely advantageous' to the club. It stated"Mr Isaac KC has now provided his report to the club and the appointed representative of S4A. The club would like to thank him for his thorough investigation into the matters referred to him and the detailed analysis in his report.
"Mr Isaac KC was provided with a substantial amount of documentation and evidence. This enabled him to reach his findings. The investigation has taken 18 months to complete as there were many complex issues to investigate and consider. It was in the stakeholders’ interest for the investigation to be as thorough as possible.
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