West Bromwich Albion chairman Jeremy Peace insists there's no plans to sell the club.
He issued a statement in the match programme for the opening Premier League game of the season against Sunderland to hit back at "nonsensical conspiracy theories" over his plans.
Peace increased his shareholding to over 75 per cent this summer, increasing his control over the club and sparking rumours that he could sell his majority stake.
But Peace said today: "I heard all sorts of nonsensical conspiracy theories about this which I would like to address.
"Am I looking to sell the club? No. Am I negotiating to sell? No. Would I sell to the right offer from suitable investor?
"Only - I repeat only - if he, she or they could guarantee the continued advance of the club.
"In many ways, this has been the case ever since I started on this journey.
"Why buy the shares? I have devoted the last 14 or so years of my life to the club and believe I have delivered real progress - why wouldn't I extend my shareholding?
"I am backing myself to continue building a better Albion."
