Birmingham City have settled their debts with Seymour Pierce.

The Telegraph says Birmingham City have paid London-based investment bank Seymour Pierce £2.2 million in unsettled consultancy fees, but the club still intend to challenge the High Court ruling by which they hope to recoup the money.

It is an unsatisfactory conclusion to an unseemly business for Birmingham, but at least it means their owner Carson Yeung will regain total control of the club's shares, and avert supporters' fears of a forthcoming takeover.