Birmingham Sports Holdings today confirmed in an announcement to the Stock Exchange of Hong Kong a warning of a substantial increase in loss in the interim accounts which are due to be published at the end of February.
Birmingham City were exceptionally busy in the transfer window, with 14 players coming into the club while the same number left on loan and permanent deals. With all that action going on, how much money did the club spend and is it likely there is much more available?
It’s been no secret that the government of the People’s Republic of China have targeted companies in an attempt to scale back their investment activities abroad. News has broken in the last day that this has now been somewhat clarified, with investment in sports clubs including football in the “restricted” category.
Financial Fair Play was put into place to try to even the playing field. It was a measure to stop clubs from overspending in a bid to reach the top flight and gain an unfair advantage against those who were frugal. It’s fair to say it’s not working.