Birmingham on verge of falling into further financial difficulty

Championship club Birmingham City may have to sell more players to deal with their current financial situation according to reports.

Championship club Birmingham City may have to sell more players to deal with their current financial situation according to reports.

The parent company that owns the West Midlands club, Hong Kong-based Birmingham International Holdings Ltd, are in financial uncertainty as Blues major shareholder Carson Yeung has had his assets frozen amidst money-laundering allegations.

Birmingham acting chairman Peter Pannu has revealed that there has been no recent investment in the club but has assured fans everything is being done to alleviate the problem.

"There has not been any money from the parent company since relegation,” he said.

"Those in Hong Kong are working hard to address this and there is the hope that new investors will provide more capital once they understand the club better and after a re-listing of the parent company.

"I will continue to make trips to Hong Kong, on a regular basis, to keep pushing BIHL and its shareholders to invest in the club."

 
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