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

M

aybe Hull charged the Liverpool fans more because their massive sense of entitlement takes up more room? Badum tish.

sailingmagpie
Everton team subsidise awayday

T

he John Carver Experiment sounds like the worst jazz fusion band of all time. Which is saying something.

sailingmagpie
The John Carver Experiment: The Next Episode

T

ime to play Liverpool players in their natural positions? I agree, but surely the subs' bench isn't big enough for all of them?

balls-to-monty
The John Carver Experiment: The Next Episode

Footer 365

Manchester United 0-1 West Brom: Robin van Persie penalty saved as Baggies shock United

Chris Brunt's deflected free kick gave West Brom a 1-0 win at Manchester United as Robin van Persie saw a penalty saved.

QPR defender Rio Ferdinand loses wife to cancer

Rio Ferdinand’s wife Rebecca has died following a short battle with cancer.

Arsene Wenger claims Jose Mourinho disrespected Arsenal with title taunt

Arsene Wenger feels Jose Mourinho was disrespectful for taunting Arsenal about their 10-year wait for the title.

Mail Box

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

Liverpool: No Greater Than Aston Villa

It's fair to say that Raúl H. Garcia from the morning mailbox has got something of a kicking on Thursday afternoon. Oh and the Neviller is wrong for once...

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