West Brom investigation into £3.7m Jeremy Peace loan extended
Albion have announced an extension to the investigation into the historic loan taken against the club by former chairman Jeremy Peace.
The independent probe into the 2014 loan was launched in the new and originally expected to report its findings within six months.
But it is now not likely to be concluded until toward the end of 2023 at the earliest, with both the club and the minority shareholders who successfully lobbied for it keen for the process to be as thorough as possible.
Peace borrowed £3.7million from the club and placed it in his own company, WBA Holdings. The debt was inherited by Guochuan Lai following his £200million takeover in 2016 and is now thought to total around £5m, including interest. It has never been repaid.
