Chris Lepkowski believes potential buyers would be spending too much on West Brom by paying £50million.
The former Birmingham Mail journalist and ex-Baggies employee has reacted after The Telegraph’s John Percy issued an update on the club’s potential takeover.
Percy wrote on Tuesday (19 September) that WBA Group director Xu Ke is in face-to-face talks with potential new owners with parties in the United States and the Middle East keen.
Lepkowski wrote on Twitter: “I’d be extremely cautious of anyone whose judgement thinks we are worth anywhere close to £50m. Big risk is we go from the frying pan.”
West Brom were a Premier League club not too long ago and were on the cusp of securing a play-off spot last season.
Had it not been for certain decisions taken by the board, the playing squad would have been a lot stronger and Carlos Corberan could’ve guided them into the top six.
Despite the difficulties, he’s done a good job and the Baggies are certainly going to chase the play-offs this season as well.
Parachute payments have ended and that’s made things difficult, but there is no argument that a club that’s played top-flight football for multiple years in the recent past is worth only £50million.
These days mediocre players fetch more than that and West Brom has the potential to become a Premier League side and establish themselves there with the right people in charge.
It remains to be seen how these takeover talks transpire but Lepkowski is right to be concerned and the fans certainly will not be overly enthusiastic about this development either.