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Posts posted by tismyk
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19 hours ago, useless said:
Their new owners are worth nine billion, or so I've read, they're going to invest hundreds of millions not just in the club but the whole region and become a beacon of light for the City, Cook says he wants them to be Birmingham's best known brand if they're not already, he also says the City needs them more than the club needs the City, in the long-term they're going to be building a new stadium to help with revenue, it's strongly rumoured that they want the 'wheels site', they will be investing money this summer as the current three year FFP cycle ends, so they will have more scope to spend, they've also got some big earners coming to the end of their contracts Gardner and Hogan amonst them, which will also help, they want to have the best academy in the region, and get the women's team back to being one of the best in the country, and so on.
The new owners wealth is nowhere near $9 Billion, that is the amount the hedge found is worth they control, in football terms they are paupers
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Wow SHA Massive todays attendance 2,542
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- Popular Post
- Popular Post
Uncertainties surround Birmingham City takeover
July 21, 2022
Although long suffering Birmingham City fans have been heartened by the prospect of new owners, many uncertainties surround the completion of the deal.
Birmingham Sports Holdings (BSH) has owned 75 per cent of the club since 2016, with a British Virgin Islands-registered company called Oriental Rainbow Investments owning 21.64 per cent.
According to the official paperwork, BSH’s majority owner is a Chinese businessman named Paul Suen, while Oriental Rainbow’s beneficial owner is Vong Pech, a Chinese-Cambodian businessman. Very little is known about either of them, and neither has been seen much at St Andrew’s.
The Athletic, however, understands that the Lopez and Richardson offer breaks down into an up-front payment of £25million to acquire the 21.64 per cent, full operational control of the club and Birmingham City Stadium Limited, the company that owns and operates the stadium. The remaining payment will then come when BSH hands over its shares.
Their most recent set of accounts, which deal with the 2020-21 season, show Birmingham lost almost £5million. Not bad, you might be thinking, considering that was a season played behind closed doors because of COVID-19 restrictions on crowds gathering and the club’s turnover fell from £22.8m to £13.7m. But then you remember this is the financial year which includes £26.5m in Jude Bellingham-inspired player-trading profits and that the club lost £18m in 2019-20.
They would have lost even more the year before that, but the owners used the then-legal loophole of selling the stadium to themselves, turning a £25m deficit into an £8m loss. This enabled them to avoid breaching the league’s financial fair play rules for a second time. Birmingham had lost £37m in 2017-18.
The Athletic has spoken to several people who have had preliminary discussions about bids for Birmingham. One source, who asked to remain anonymous, said the situation was “hopeless”, with the club losing more than £500,000 a month, £8million needed to repair the stadium, a threadbare squad and not much else to come in terms of transfer instalments.
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On 29/06/2022 at 18:17, messi11 said:
Hope there will be a Nandos
Yardbirds chicken will be in the upper Holte all next season
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On 28/06/2022 at 23:07, mikeyp102 said:
If Liverpool get Bellingham could be there saviour as a sell on clause
Already cashed that in to the bank last year
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4 hours ago, Mister_a said:
I did laugh out loud at this one
22/23?
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As for the great unwashed being from the City, mate, lets not forget that before Aston Parish became a part of Birmingham Small Heath was a part of Aston
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1 hour ago, stewiek2 said:
Craig Gardner on Talksport. Christ I knew he was thick as pig shit but jesus he's even thicker than I thought!
I met him in Dubai on 2 occasion's, firstly his words both him and Craig both went to the Sty and VP as kids and that Craig is a massive Villa Fan, secondly he told me he was going
on a pre season tour with the scum to Hong Kong, and believe it or not he genuinely thought Hong Kong was one of the Channel Islands next to Jersey
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1 hour ago, VillaJ100 said:
I'm pretty sure they broke a gentlemen's agreement amongst bham clubs not to use the name of the city. Which isn't surprising given what sort of club they are and they aren't gentlemen
Yes they did
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Its a long read
Where’s The Money Gone: Dong – almajir.net
QuoteWhere’s The Money Gone: Dong
Last year I started to take a look back into the recent past of Birmingham City to try to understand just why the club is in the shape it is in now. The third article in this series examines the tenure of the club’s former CEO Ren Xuandong to try and understand better some of the...
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On 02/11/2021 at 10:01, Mic09 said:
No, but £200-220k would have been realistic and justifiable.
Maybe massive performance bonuses and sign on £1m to top it off.
The thing is, although we think it's a lot of money, it's a 3rd less than his City contract.
That is a big difference.Purslow actually said we had offered more wages than Man Shitty for him to stay
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On 01/11/2021 at 16:20, villa4europe said:
Absolutely no chance
That's just the city PR machine claiming he's not joined them for money, we weren't offering him anything near his city wages
grealish on north of £300k a week but our other starting 10 players on £100k-150k a week? Not happening is it
Purslow actually said we had offered more wages than Man Shitty for him to stay
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On 31/10/2021 at 10:28, foreveryoung said:
Beginning to think he never even went for trophies, he went for he's ego. You could tell by the way his lifestyle was going, he obviously wants all the flash. Shame Foden is taking all the praises. Will he be bothered, I think he is just happy to be at that plastic club on 300k a week, rather than getting a name for himself like he did at Villa.
He would have been on more than £300k a week if he`d stayed
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3 hours ago, turnbull said:
I always thought AV5-1SHA would make a good personalised plate.
av51sha.com
SAVE 46%
£13.99
for 2 years
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2 hours ago, Milfner said:
Well over half looking at the ticket portal
Middle sections of the Holte almost sold out as well as lower Trinity and North stand lower
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Being sent out in alphabetical order, then the kids tickets
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THE BLUES TICKET OFFICE IS TO BE CLOSED TEMPORARILY.
This is a precautionary measure taken due to the rising number of COVID-19 cases within the UK, with the decision taken to help limit the spread of the virus.
You are still able to purchase your 2021/22 season tickets online here.
If supporters are experiencing issues logging in online or purchasing tickets online, they can email ticket.office@bcfc.com where staff will be able to assist them further.
The Blues Store will remain open unless stated otherwise.
Seems a bit dubious -
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18 hours ago, TheStagMan said:
"The buyer is a real estate investor named Ms Kang Ming-Ming"
So Ming-Ming
Multiple uses of the word Ming in the surname
So Mings.
Must kill them that the stadium has been bought by someone with the same name as a Villa player.
Lets hope that Ms Ming-Ming intends to offer the location as a new landfill site to Birmingham council. Could only improve the place.
And lets not forget that Dragon Villa are one of their largest owners
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1 hour ago, Follyfoot said:
As I walked onto the steps of the Holte End,
As I walked onto the Holte End one day,
Written by Keith Bryenton of the Dougal Mob in 1970 along with the lyrics for HEITS and a few others
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Been to all the previous mentioned games but not one came anywhere near the atmosphere v Man Ure in the 2nd leg semi final of the League Cup at Villa Park in December 23rd 1970. Villa in the old 3rd Division , Manchester arguably the best side in Europe full of fantastic internationals including Bobby Charlton, Denis law, George Best, Brian Kidd, Nobby Stiles, Stepney and others. 65,000 fans recorded at the time with many more on the Holte End than the 28,500 it held, the noise was unbelievable for the whole game, still gives me goose bumps writing this, oh and we beat them 2-1 after 1-1 at old trafford
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10 minutes ago, Kingman said:
Any announcement on the Final Venue?
Villa Park
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19 hours ago, theboyangel said:
Maybe it’s for Goal Difference - as theirs is worse than Rotherham and Sheff Weds
I think GD means going down
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Please tell me when to stop laughing at SHA
in Other Football
Posted
No way, let them rot