Birmingham chief Pannu admits revealing £40M kitty backfired

Birmingham City vice-chairman Peter Pannu admits their decision to go public with their £40 million transfer kitty backfired in the winter market.

Birmingham submitted bids for Kevin Kuranyi, Ryan Babel, Kenwyne Jones and Roman Pavlyuchenko but were ultimately forced to concede defeat in their attempts to sign a stellar striker.

"It was not particularly helpful that our president indicated a desire to buy players in January and spend some money," Pannu told the Guardian. "I think that raised expectations among the clubs that we approached."

He pointed to the offers tabled as evidence of Yeung's intent and said there should be no question about the owner's financial backing. "The money is there," he said. "We have every support possible from Carson. There is no problem there. The problem we have is the way some of these clubs have behaved. We have been messed around.

"But I don't want to sound like I'm criticising anybody. I think this is the business. And we know that January is not a very good time to buy."