Paladini blasts Birmingham chairman Pannu as takeover stalls

Former QPR chief Gianni Paladini has hit out at Birmingham City chairman Peter Pannu as his takeover bid falters.

Former QPR chief Gianni Paladini has hit out at Birmingham City chairman Peter Pannu as his takeover bid falters.

Paladini had tabled a bid to purchase the Blues from Carson Yeung and had been undertaking due diligence with a view to completing the deal in the next fortnight.

But Pannu on Wednesday surprisingly issued a statement flatly denying that any talks had taken place between the two parties, a move that sparked a furious response from the former agent.

Paladini said: "His statement makes us look like idiots. We have agreed a price and everything.

"He (Pannu) doesn't want to talk to us. So we are pulling out of the deal. I'm very disappointed, but what can I do? The only way the deal can be revived is for him to take our deal.

"If he doesn't see that, there's nothing I can do. And if he doesn't want to sell there's nothing I can do. But I can show you proof that we have talked. I even reached an agreement with his lawyer about his commission.

"So what's he talking about? We want to be in before he sells all the players in January. I don't want to come in February when the club is in a right mess.

"I'm disappointed for the fans. We have worked hard to make this deal happen. Mr Pannu doesn't want to sell. He knows the deal - everything has been agreed. What else can I do?

"I'm very disappointed. We have been working on this for three months. I was looking forward to it. I could have done a fantastic deal for the club."

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