Birmingham reveal new interest

Birmingham have revealed a consortium fronted by a sports management company is interested in buying the club.

Last Updated: 07/02/13 at 16:26 Post Comment

Money problems at Birmingham influenced sale of Jack Butland to Stoke

Money problems at Birmingham influenced sale of Jack Butland to Stoke

Birmingham have been approached by an unidentified sports management company leading a consortium interested in a takeover of the financially-stricken npower Championship club.

The development has been confirmed by Birmingham International Holdings Limited (BIHL), City's parent company, in an announcement to the Hong Kong Stock Exchange on Thursday afternoon.

The statement read: "The board wishes to inform shareholders of the company and potential investors that the company has been formally approached on 23 January 2013 and 31 January 2013 by a sports management company who has indicated that it will be able to lead a consortium which will consider the purchase of Birmingham City Football Club Plc which is company's subsidiary.

"The company's lawyers are currently in contact with the interested party with the view to clarifying matters of this approach.

"The company will make further announcements on the future developments in relation to the above proposed transaction as and when appropriate."

Birmingham's acting chairman Peter Pannu has been exploring the potential for bringing in new owners or finding investment in the club for some time.

Talks with Gianni Paladini's Italian-backed consortium as well as two parties from Hong Kong have failed to lead to a takeover, with today's news the latest glimmer of hope for Blues fans frustrated by current Far East owner Carson Yeung.

England goalkeeper Jack Butland was sold to Stoke on transfer deadline day for a fee believed to be in the region of £3.5million, including various add-ons and a 20 per cent sell-on clause.

Birmingham needed to raise vital funds to buy crucial time in order to stave off the potential future threat of administration, although a feared fire sale never materialised as the likes of Curtis Davies, Marlon King and Chris Burke remained at St Andrew's.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Gerrard turned down Euro move

Former Liverpool captain Steven Gerrard admits he turned down a "couple of nice opportunities" to move to a club in Europe in order to sign for Los Angeles Galaxy.

Premier League fixtures on Sky Sports: Chelsea, Liverpool, Arsenal, Manchester City live on bumper 2015/16 opening weekend

Chelsea will begin their title defence exclusively live on Sky Sports, with Liverpool, Arsenal and Man City also on bumper opening bill.

Skrtel and Allen to sign new Liverpool deals

Martin Skrtel is reported to have agreed a new three-year Liverpool contract and could soon be followed in putting pen to paper by Joe Allen.

Mail Box

Has Everyone Forgotten About Khedira?

Sami Khedira is one of the signings of the summer and yet he's flown completely under the radar. Plus Dommy S's views of women's football get a right old shoeing...

Women's Success Won't Alter Viewing Habits

The Women's World Cup hasn't inspired everyone. Also in the Mailbox: a plastic's guide to Brazil, Nani regrets, tears over Henry, and The Beach Boys...

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