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

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

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."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

A

ll he wants are sharks with frickin lazers on their heads. Is that too much to ask?

mufc phil
Bomb threat on FIFA D-day

W

hy is the dinosaur trying to hold on to this.... Just leave... No one wants you in this position you corrupt loser. Let someone else take over....

arsenal121
Defiant Sepp blames minority

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

Footer 365

Craig Cathcart out to build on a special 12 months

Northern Ireland and Watford defender Craig Cathcart wants to build on a memorable year for club and country.

Tim Sherwood defends Arsene Wenger's record at Arsenal

Tim Sherwood has praised Arsene Wenger's Arsenal record ahead of the FA Cup final after past criticism of the Frenchman.

Arsene Wenger keen to focus on future ahead of FA Cup final

Arsene Wenger will continue to look to the future, rather than reflect on past glories, if Arsenal can win his sixth FA Cup.

Mail Box

Players Must Stand Up For Qatar Boycott

Players, not bureaucrats, hold the key to boycotting Qatar. Also in the afternoon mailbox: Wenger is right to rotate, Zlatan can dribble, and it's Barca v Ajax in the budget final...

What Would You Do If You Were Blatter?

Step into Sepp's shoes, is the invitation from one mailboxer. Also: United already have their new number one, Rodgers deserves time, and the best Budget XI so far...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company