Finance Guru reacts as West Brom launch investigation into Jeremy Peace loan
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Brom columnist. Each week he’ll be giving his views on the biggest talking points at The Hawthorns...
Dan Plumley has insisted that there is likely to be no punishment from the independent investigation into the Jeremy Peace loan taken back in 2014.
The Finance Expert admitted there are two ways to look at this, with the negativity and PR side taking centre stage in what will not be a good look for the club.
It was suggested, though, that from a legal side of things, the loan was likely all above board despite the fallout which has followed in the eight years since.
“I think there are two ways to come at this,” he exclusively told West Brom News.
“One side is the negativity and the PR side of it which will not be great whichever way you cut it and it hasn’t been great because of the nature of what has transpired with that.
“We know there is a little bit of bad blood there and I don’t think the results of this will change that. On the other side of it, there will be a lot of background checks and looking into the loan in detail, but you would also imagine that part of that has been approved by shareholders in the first place, to be able to go through.
“From a legal side of things, you can probably stick your neck out and say it was probably all above board in terms of the actual parameters of the loan.
“But, the problem with that is it has caused all this fallout and negativity from it.
“I don’t think the results of it will change people’s minds about what individuals think of the deal, but because it’s been approved, I’m not sure where any punishment would be.”
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