City reject Paladini claims

Birmingham have dismissed speculation that an Italian-led consortium is set to complete a takeover of the club in the next 10 days.

Last Updated: 15/11/12 at 16:05 Post Comment

Gianni Paladini: Takeover claims denied by Birmingham

Gianni Paladini: Takeover claims denied by Birmingham

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

Solihull-based businessman Gianni Paladini reportedly submitted an improved £30m bid for the club earlier this month.

No deal has yet been agreed, but Paladini has claimed he is currently analysing the club's books in the hope of concluding a takeover by the end of next week.

But acting Birmingham chairman Peter Pannu, currently in Honk Kong with club owner Carson Yeung, said: "There are no active negotiations with the group involving Gianni Paladini or any of his associates.

"Should there be any agreement reached, there shall be formal announcements made in Hong Kong and also in the UK. I would urge that only official information should be relied upon and not rumours or speculation."

Former QPR chairman Paladini insisted on Wednesday that he was keen to secure a deal as soon as possible to avoid a possible exodus of players when the transfer window re-opens.

"We want to get a deal done very soon because we don't want to lose any players in January," he said. "I am hopeful that we can get something agreed within the next 10 days.

"I still believe Birmingham can get into the play-offs and our intention is to sign four or five players in the transfer window to strengthen the squad."

"We have spent a lot of money trying to get this completed and are currently looking through the books. Our intentions in buying Birmingham have never wavered, we want it done, and we are keen to get it all sorted by the end of next week."

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

Related News

Most Commented

Readers' Comments

I

think all those names linked to United exits make sense. Kagawa has never really looked like hitting the form he had at Dortmund and Fellaini is radioactive after last season (even though I think he's been unfairly singled out for criticism). Nani and Anderson have had more than their fair share of chances so they are done, and Hernandez deserves better than warming a bench.

ted, manchester
The Insecure Gossip

H

e'll be off to Spurs (or better) in January and I don't blame him. Looking forward to re-signing Grant Holt as his replacement though.

notalentjones
Benteke ignoring speculation

I

n fairness, he does look absolutely shattered in that photo.....

FairyNuff
Shaw told to shape up

Footer 365

Premier League: Yaya Toure happy to stay at Manchester City

Yaya Toure has reaffirmed his commitment to Manchester City, insisting he wants to stay for "as long as possible".

Champions League: Henning Berg hopeful of Legia Warsaw's chances against Celtic

Legia Warsaw boss Henning Berg hopes his side can get a positive result against Celtic in their Champions League tie.

Premier League: Ross Barkley signs new four-year contract at Everton

Everton midfielder Ross Barkley has signed a new four-year deal with the club.

Mail Box

Youth Development Has To Be The Future

A varied Mailbox has thoughts on transfer targets, youth development, the obsession over 3-5-2, some innovative Blackpool suggestions and why Real bought Kroos...

Don't You Worry About Southampton...

We can't help but agree with one mailboxer who tries to calm the crisis-mongers gathering around Southampton, while we have mails on Man United's squad...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property