Birmingham Sports Holdings today made an announcement to the stock exchange of Hong Kong clarifying the recent investments made by Chigwell Holdings and Dragon Villa. In what was an extraordinarily detailed announcement, it was confirmed money loaned by those two companies was used to finance the football club.
On December 1st this website identified a shadowy figure behind the scenes at BCFC, previously known only as “Mr King” as Chinese businessman Wang Yaohui. In this follow-up article this website reveals further links between Wang and Birmingham Sports Holdings.
Another defeat for Birmingham City against Queens Park Rangers saw Steve Cotterill’s side slip to bottom of the table having won just 16 points from 22 games. It prompted another outpouring of vitriol and anger towards the management of the club on the internet – yet despite continued rumours otherwise, Cotterill remains in his post.
Two more names have been added to the ownership mix thanks to the latest announcement to the Stock Exchange of Hong Kong. Chigwell Ltd and Dragon Villa Ltd are the latest names to be confirmed as part owners of Birmingham Sports Holdings and by effect the club.
Rumours have intensified on Social Media and Blues message boards that Steve Cotterill is close to receiving his marching orders. The Cheltenham-born manager has only been in charge for ten games but with Blues only having won twice and only scoring three goals the knives are out already.
Recently released accounts for Birmingham City Football Club make for some grim reading. While performances on the pitch have meant that the team have seen their league position drop into the bottom three, the amount of money spent by the club has rocketed ensuring that the club made a loss before taxation of £16.395million.
Rumours have emanated from St Andrew’s over the last few months of a shadowy figure only known as “Mr King”. While nothing is known about this gentleman’s true role within the club (if he does indeed have one), this website can now confirm that “Mr King” is 51-year-old Chinese businessman Wang Yaohui.
Birmingham Sports Holdings have today confirmed in an announcement to the stock exchange that the major transactions to purchase property along with construction of commercial and educational facilities in Cambodia is now complete.
As a Birmingham City fan I should feel excited that it’s “game day” – particularly as a Blues fan based abroad knowing that I’m going to be able to watch the match on TV. Yet right now I can’t help but feel doom and gloom at another potential horror show.
Birmingham City CEO Ren Xuandong’s company Winning League are facing allegations of unpaid salaries and non-refunded tuition fees for cancelled classes at their Figo-branded academies across China.