DeHavilland Posted November 4, 2014 Share Posted November 4, 2014 http://www.birminghammail.co.uk/news/new-birmingham-city-cash-blow-8038550 Link to comment Share on other sites More sharing options...
Milfner Posted November 27, 2014 Share Posted November 27, 2014 (edited) Arsenal fan TV finds a Blues and Arsenal fan after the Dortmund game and it's incredible. "Dennis Bergkamp... ORIGINAL BADMAN!" https://www.youtube.com/watch?v=UTSyr-GSoro Edited November 27, 2014 by Milfner Link to comment Share on other sites More sharing options...
kurtsimonw Posted November 27, 2014 Share Posted November 27, 2014 I have no words. Link to comment Share on other sites More sharing options...
useless Posted November 27, 2014 Share Posted November 27, 2014 Apparently they're looking to resign Zigic, their fans seem pretty happy about it, hopefully their bubble bursts soon enough. Link to comment Share on other sites More sharing options...
rjw63 Posted December 2, 2014 Share Posted December 2, 2014 Slap head Pannu says they're never going to be sold and that they're going to run out of money within weeks. Sadly it's probably bollocks as they seem able to re-sign Giraffe Boy Link to comment Share on other sites More sharing options...
Robbie09 Posted December 2, 2014 Share Posted December 2, 2014 Here's hoping they do run out of cash! Link to comment Share on other sites More sharing options...
villa4europe Posted December 2, 2014 Share Posted December 2, 2014 pannu says theres a £1.8m unpaid tax bill and that the HMRC should probably take a look at it! its not included in the cash flow forecasts and as a result if they come for it then blues will run out of money early jan dont believe a word of it personally, theres a lot of ifs in there, if they havent paid it, if HMRC spot it, if they want it paid back on the spot, if there is no allowance for it in the financial figures, if they are that low on cash anyway he also made a couple of bitter comments about why they couldnt sell the club because of internal fighting would be great to see them turn the corner on the pitch to then suffer that off it though Link to comment Share on other sites More sharing options...
useless Posted December 2, 2014 Share Posted December 2, 2014 Apparently they have some sort 1.8 million tax liability coming up which could mean their funds run dry. It's about time they had some bad news. Link to comment Share on other sites More sharing options...
useless Posted December 2, 2014 Share Posted December 2, 2014 Apparently Jeremy Wray has made a bid to buy them and is promising 25 million to spend every Summer. Link to comment Share on other sites More sharing options...
OutByEaster? Posted December 2, 2014 Moderator Share Posted December 2, 2014 Apparently Jeremy Wray has made a bid to buy them and is promising 25 million to spend every Summer. He was involved in a group that were interested in May this year, but resigned from that company in September. Unless he's back with a new bunch, I think that might be an old one - if he is back with a new bunch then I wouldn't worry too much, if he's finding it this hard to raise the money to buy them, then I can't see him having much spare. Link to comment Share on other sites More sharing options...
useless Posted December 2, 2014 Share Posted December 2, 2014 It's breaking news tonight don't know the full story behind though, but he's said that internal bickering at the club could stop it from happening, so sounds like he's making his excuses already. Link to comment Share on other sites More sharing options...
PauloBarnesi Posted December 3, 2014 Share Posted December 3, 2014 (edited) Nice Birmingham asked by Football League to explain director’s online abuse The Football League has asked Birmingham City for an explanation of extraordinary and abusive comments made on a supporter’s website by the club’s director, Peter Pannu. In his two posts on the Often Partisan website Pannu appeared to threaten the site’s proprietor, Daniel Ivery, the co-author of a book, Haircuts and League Cups, covering the club’s tumultuous recent history under the chairman, Carson Yeung, who is serving six years in a Hong Kong prison for money-laundering. Pannu, a long-term associate of Yeung’s, raised a threat of suing Ivery over the book and said Ivery had been disrespectful when offering to meet Pannu in Hong Kong to give him a copy of the book in a “shit hole pub in wan chai girly bar [sic]”. In a rambling post also dealing with the finances and ownership of the club, Pannu said City would run out of money in January or February because of a £1.8m tax bill which had not been accounted for. He also said Yeung, who is barred from being a director or exercising any control over City after his conviction, was nevertheless still holding discussions with the board of the parent company, Birmingham International Holdings, over a potential sale of the club. Ivery responded on Tuesday by saying he had referred Pannu’s comments about Yeung to the League and those about the finances and sale of the club to the Hong Kong stock exchange, on which BIHL is listed. Ivery rejected Pannu’s description of the Hong Kong bar, saying the meeting took place in Delaney’s Wan Chai, the region’s first Irish bar. On Wednesday Pannu posted again, saying: “Daniel it’s 01.13am in Hk. .M … F. … you have the balls come to HK one mote time this is Peter for sure..F. .y” [sic] Pannu did not reply to an email from the Guardian asking if the posts are from him but Ivery and the club believe they are genuine. The club condemned the posts, although Pannu remains one of a four-man board which includes Yeung’s son Ryan and brother-in-law Shui Cheong Ma. Panos Pavlakis, the other director who is effectively running the club, is understood to be furious about the posts. The club said in a statement it “is categorically refuted” money will run out and attacked Pannu for posting the comments. “All involved at the club are wholly unimpressed and saddened by the unprofessional and ludicrous actions taken which seem intent on discrediting and damaging individuals and the club,” the statement said. “This is entirely unnecessary – but particularly when the team is performing very well under a new manager and our supporters are buoyant and enjoying some positive results.” City have not lost in five league matches since Gary Rowett’s appointment on 27 October. They have won three times, including a 2-1 victory over Nottingham Forest on Saturday. The club has been in financial difficulties since Yeung’s arrest for money-laundering in June 2011 which ultimately led to his conviction and six-year prison sentence. BIHL has said it is trying to sell the club while remaining listed on the Hong Kong stock exchange. Pannu stated in his post that Yeung had been supportive of a takeover proposal advanced by Jeremy Wray, the former Swindon Town chairman, but “those now controlling the board” want to sell to “another party possibly in China as opposed to a British owner”. The Football League said it has raised Pannu’s posts with the club who are understood to have insisted Yeung retains no influence. Edited December 3, 2014 by PauloBarnesi Link to comment Share on other sites More sharing options...
Demitri_C Posted December 4, 2014 Share Posted December 4, 2014 what a farce. rowlett although doing well must be thinking what the hell ahve come in to. wheels will come off eventually once the honeymoon periods over Link to comment Share on other sites More sharing options...
Richard Posted December 4, 2014 Share Posted December 4, 2014 Trading suspended on the Hong Kong market! Link to comment Share on other sites More sharing options...
Demitri_C Posted December 4, 2014 Share Posted December 4, 2014 So that means a takeover might be around the corner? Link to comment Share on other sites More sharing options...
TrentVilla Posted December 4, 2014 Moderator Share Posted December 4, 2014 No, pretty unlikely that it means that. It is more likely that the shares have been suspended because the HKSE are seeking clarification of the comments attributed to Pannu as a director of the company which clearly imply that the one going concern of the Holding company are in fact trading insolvently. It is highly likely that that the HKSE is seeking clarification and/or seeking signed confirmation from the Directors that they are all jointly responsible for such communications. While this suspension remains in place it is going to be even harder for the club and/or the holding company to generate funds, which could have serious consequences if the comments attributed to Pannu are accurate. The last time trading was suspended it took months for it to be lifted. I can only hope HMRC have been made aware and are asking questions themselves. Link to comment Share on other sites More sharing options...
Richard Posted December 4, 2014 Share Posted December 4, 2014 Yes that's what it means they are seeking clarification. How ironic the very act of suspending trading to seek clarification on their insolvency could be the thing that makes it even more difficult for them to be solvent Link to comment Share on other sites More sharing options...
villa89 Posted December 4, 2014 Share Posted December 4, 2014 Anything that helps them go bust is a good thing. 1 Link to comment Share on other sites More sharing options...
islingtonclaret Posted December 4, 2014 Share Posted December 4, 2014 It really is death by a thousand cuts isn't it Link to comment Share on other sites More sharing options...
Eames Posted December 4, 2014 Share Posted December 4, 2014 I don't want them to die. More cuts please....keep cutting them as they slump down the leagues ....eighth or ninth tier should do it. 1 Link to comment Share on other sites More sharing options...
Recommended Posts