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As featured on NewsNow: Football news

Birmingham intend to spend in January transfer window

Birmingham City's new owners insist they remain committed to their January transfer spending spree. Blues' new owners have pledged to hand manager Alex McLeish a £20million to £40million war chest in the New Year.

However, president Carson Yeung has been stung with an unexpected £6million mountain of bills for transfers, agents fees, bonuses and taxes upon completion of the takeover.

Former Birmingham co-owner David Sullivan believes Yeung's decision to look at past events is simply hindering their future plans, however, Peter Pannu, Blues' vice-chairman executive, insists their pledge stands.

"The transfer window commitments are still there," Pannu told the Birmingham Mail. "This saga will have no effect on the commitments, which are ongoing.

"Although there are extra burdens on Carson, they do not at all frustrate what we plan to do in January. He made a pledge to supporters, and we will honour that.

"Carson doesn't want to engage in a war of words. As for the rest, the post-acquisition due diligence will continue by our experts - and time will tell.

"You can't say we're naive in these matters."

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