Announcements were made by both Birmingham City FC and Birmingham Sports Holdings today that have financial ramifications for the immediate future of the football club. BCFC confirmed that they have sold naming rights to both St Andrew’s and the Wast Hills training complex while BSH have confirmed another share subscription deal that sees Dragon Villa become their second biggest shareholder.
The EFL announced on Friday changes to its rules ahead of the new season. The biggest of these rule changes are with respect to the conduct of owners of clubs and agents working for them; both issues that have affected Birmingham City in the past twelve months.
Further evidence of financial meltdown swirling around B6 became further apparent today after news broke of an unpaid tax bill. According to various reports £4.2million was owed to Her Majesty’s Revenue and Customs, with the taxman threatening a winding up order if payment is not made within seven days.
As clubs try to get to grips with tightening controls on spending due to FFP restrictions, the idea of selling naming rights to a stadium is one that has come to the fore. With Blues looking at additional ways to bring in revenue to the club, there are rumours of the possibility of naming rights for St Andrews being sold.
Saturday saw Fulham complete their return to the Premier League after winning the playoff final at Wembley. While the Cottagers can now go forward with plans to spend and improve their team, the losing team are stuck with another year in the second tier despite bold hopes this season. Is this finally the time for the Birmingham Power Shift (© H-Bomb of SHA) to kick in?
When Trillion Trophy Asia owner Paul Suen Cho-hung finally took control of Birmingham Sports Holdings in October 2016, he committed to not selling his stake in the holding company for a two-year period. With that period elapsing in less than six months, what does the future hold for BSH?
With the transfer window opening as of midnight on Thursday, clubs in English league system can now buy and sell players again. However, that situation may be complicated in the Championship as this website has learned that as more than a dozen Championship clubs have been found to be in breach of FFP regulations.
With the summer transfer window due to open on Thursday May 17, the topic of Financial Fair Play is still a thorny one online. In the absence of any official information from either the EFL or from the club there is still a question as to where Blues stand with respect to FFP.
Over 27,600 fans were at St Andrew’s on Sunday to watch Birmingham City retain their Championship status with a 3-1 win over Fulham. Included in that number was Birmingham Sports Holdings chairman and BCFC director Zhao Wenqing, who watched from the Director’s box alongside CEO Ren Xuandong.
Not long before Birmingham City ensured their safety from relegation from the Championship, rumours broke on Twitter that Blues were facing sanction from the EFL due to breaking Financial Fair Play (FFP) rules.