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

Y

ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

I

f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

foot in mouth
Adebayor & Berbatov: You Have To Admire The Balls

L

ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

paul7702
Van Gaal downbeat on De Gea

Footer 365

Andre Pirlo backs Liverpool's Mario Balotelli to prove his potential

Andrea Pirlo thinks Mario Balotelli can still be one of the "top forwards in Europe" despite his struggles at Liverpool.

West Brom reject approach from Aston Villa for Joleon Lescott

West Brom have rejected an approach from Aston Villa for central defender Joleon Lescott, according to reports.

Theo Walcott and Santi Cazorla sign new deals with Arsenal

Theo Walcott and Santi Cazorla have signed new contracts at Arsenal.

Mail Box

Neville Has It Wrong On Chelsea...

One Mailboxer says that the Neviller has it slightly wrong on Chelsea. Plus thoughts on sexy Saints, pre-season reviews, Connor Wickham and televised analysis...

De Gea Disrespectful? Remember RVP...

We got dozens of mails from people pointing and laughing at Brian D for suggesting David de Gea has acted disrespectfully; we printed some. And there's more...

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