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Please tell me when to stop laughing at SHA


Ryan.

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not hard to see why the villa are going to be putting on some adult education lessons at brum library...

 

lee clark must have seen a 2 for 1 retard special somewhere and done all his summer shopping

I have no idea who any of them are...I'm guessing they're players.

 

 

This video is worse than the Venky's chicken one at Blackburn

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You are all missing Mike Skinner. Who tbf to City is the best of the lot.

he's a cockney what would he know ;)

Never trust a Brummie with a cockney accent.

Fack awf you caaaaant

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How many times has that thug Robinson been booked this season, everytime I've read a match report this season his name always seems to be next to a yellow card.

Nine I think

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Shame Jordan Rhodes only woke up in the second half otherwise Rovers might have forced an unlikely draw. It does seem like he scores 99% of Blackburn's goals.

 

And Scott Dann. Fairly sure he was once talked about as being a top 6 standard prem defender, remember him being linked with Arsenal!

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Shame Jordan Rhodes only woke up in the second half otherwise Rovers might have forced an unlikely draw. It does seem like he scores 99% of Blackburn's goals.

And Scott Dann. Fairly sure he was once talked about as being a top 6 standard prem defender, remember him being linked with Arsenal!

Center backs can look a lot better than they are in highly defensive set ups like he had under mcleish. Him and roger Johnson both looked decent the year they went down, and dann seemed really, really good during the short Michael Appleton era at rovers. (He's more defensive than McLeish, unbelievably) however, he's looked bad in a not totally defensive set up.

That's reasoning is the same reason I'm not totally sold on vlaar and Clark even though I want to be. It's possible their improvement has actually come from the far more defensive tactics this season

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  • 2 weeks later...

Clark may be doing a fantastic job at SHA but he is at high risk of being washed away by a tsunami of filth....

 

http://www.theguardian.com/football/2014/jan/09/birmingham-director-peter-pannu-paid-nearly-one-million-pounds

 

Birmingham director Peter Pannu paid nearly £1m as club posts more losses

Accounts for 2012-13 reveal huge salary and consultancy fees as £4m loss sinks club further into crisis
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Birmingham City’s owner, Carson Yeung, and the club director Peter Pannu in 2009, when they took over from David Sullivan and David Gold. Photograph: David Jones/PA

The Birmingham City director Peter Pannu was paid nearly £1m in 2012-13, a year in which the club lost £4m and sank into a perilous financial situation which continues to threaten its solvency.

Appointed a director in September 2012 of the club's holding company, Birmingham International Holdings, registered in the Cayman Islands tax haven and listed on the Hong Kong Stock Exchange, Pannu was paid a salary of HK$6.7m (£525,073) for the nine months to 30 June 2013.

In addition Pannu's company, Asia Rays Limited, registered in Hong Kong, was paid HK$5.9m (£464,569) for consultancy services to BIHL, whose overwhelmingly main business is owning Birmingham City.

This figure of close to £1m follows more than £1m paid to Pannu the previous year, also in the form of a salary and consultancy fees to Asia Rays.

Pannu declined to answer questions from the Guardian about City's financial situation as disclosed in accounts for the club and holding company released last month, or about his own pay. Pannu did not clarify whether the £525,073 salary paid to him as a director of BIHL includes the payment of £389,620, apparently to him as the highest paid director of Birmingham City, in the year to June 30 2013. The club also rented offices from Asia Rays at a cost of £60,000.

The Birmingham club's supporters trust, Blues Trust, said of that £389,620 payment: "It seems out of kilter given the current state of the club's finances."

The largest shareholder in BIHL, leader of the £81m takeover of City from David Sullivan and David Gold in 2009 and still the club's chairman, Carson Yeung, is awaiting the verdict after his criminal prosecution in Hong Kong on charges of money laundering, which he denies. The club's and BIHL's accounts and subsequent statements show that the prosecution of Yeung, who owns 26% of BIHL and whose assets are frozen, is weighing heavily over St Andrews and hopes of salvaging the stricken club.

The accounts of BIHL, which lost £9m in 2012-13, include a warning from the auditors that the loss and liabilities "indicate the existence of a material uncertainty which may cast significant doubt about the group's ability to continue as a going concern".

BIHL's chance of remaining in business, the accounts state, depends on finding additional money, which the company has said it has secured in a series of deals it hopes can be completed shortly. However the auditors state that there is "uncertainty surrounding the outcome of future funding," and that this too raises a "significant doubt" about whether BIHL will remain a going concern.

Edwards accountants, the Walsall-based auditors of the club itself, said the club needs "additional funding to be made available to continue its operations for at least 12 months". The accountants had examined forecasts by the club's directors – Pannu, Yeung and Yeung's son Ryan – of cash the directors expect the club will earn, their assumption that £15m owed to Yeung will not have to be repaid and the proposed deals to raise new money and said: "We do not have sufficient appropriate audit evidence to conclude whether the directors' [assumption the club will remain a going concern] is appropriate in the circumstances."

Pannu and the Yeungs have stated that they will borrow £5.4m, secured against unspecified future income. BIHL, of which Pannu is the chief executive, has said it has also agreed to raise around £7m by placing shares, and a further £24m by issuing a bond, convertible into shares, to a Hong Kong-registered company, U-Continent, which has a sole director, Yue Zhon Yang.

Ultimately both of these deals to raise significant money for BIHL depend on Yeung agreeing not to be repaid his £15m loan to City – about which the club's accounts say no documentation exists.

That arrangement, by which Yeung will in effect swap his £15m loan for more shares in BIHL, can happen, according to BIHL's statements, only if the Hong Kong department of justice "or other relevant Hong Kong government body" does not "raise an objection to the transaction".

So the future of Birmingham City, formed in 1875, bought by BIHL fronted by Yeung in 2009, then relegated to the Championship in 2011, depends to some extent on the Hong Kong justice department. The verdict on Yeung's money-laundering trial is expected at the end of February.

Daniel Ivery, a blogger on Birmingham's finances at the Often Partisanwebsite, said the club's financial position depends on too many variables and BIHL should sell now. A Blues Trust spokesman said they are extremely worried about the club's future and are examining ways for fans to raise money in case they can be part of a solution. BIHL said in October it does not intend to sell the club.

 

 

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