American consortium express interest in buying West Brom
An American consortium has held talks with Albion about a potential takeover, according to reports.
The Baggies are currently owned by Guochuan Lai with the Express & Star understanding the Chinese businessman is open to offers for the club he bought from Jeremy Peace in 2016.
Lai, who made his money in the development of Eco Towns, is believed to have purchased Albion for around £175million.
But according The Telegraph, the owner expressed he would be willing to sell the club for around £150million when approached by an American consortium.
It is claimed, though, that the US investors believe that price is too high while the team's Premier League status remains in the balance.
The American consortium is said to have an advisor with vast experience of the Premier League and that they would be willing to weighing up another bid if the price drops.
Lai's interest in Albion has been severely questioned in recent years with the owner absent from matches.
Fans have also been frustrated with a perceived lack of investment in the club.
Head coach Slaven Bilic and technical director Luke Dowling had a transfer war chest of just £20million in the summer.
The Baggies did manage to sign nine players after committing to spent around 45million over the next five years.
But that figure is still significantly less than what many promoted teams have spent in the past – with the likes of Wolves, Villa and Sheffield all spending big to try and stay in the Premier League.
