While things at St Andrew’s Trillion Trophy Stadium have been much calmer and less chaotic than our friends over the expressway, there still remains a slight cloud of secrecy over just where Blues are going.
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.
I think it’s safe to say that the ownership situation at Birmingham City is still one of mystery to some people, judging by some of the questions I get asked via social media or email. With this in mind I wanted to put together an article answering the questions that get asked the most to help improve people’s understanding.
In November 2017 Vong Pech became the second largest shareholder in Birmingham Sports Holdings when it was agreed by BSH shareholders to go ahead with the proposed school and office project in Cambodia.
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.
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.
Birmingham Sports Holdings filed their accounts for the twelve month period ending June 30, 2017 yesterday. They confirm that the company made a loss of HK$182million (approx. £17.4million), more than triple the loss for the previous year.
Birmingham International Holdings today confirmed that they expect to record a substantial increase in loss for the year ending June 2017. The increase of operating costs including spending on player’s registration and player wages was largely blamed for the increase.
Birmingham Sports Holdings have confirmed yesterday that there will be a delay before they hold an EGM to approve a proposed deal for the company to invest in a Cambodian company.
Birmingham Sports Holdings have today announced that they are to buy a company in Cambodia. The investment will see BSH own a stake in a mixed office and residential development along with building an international school. Furthermore, the investment will see a new company own a substantial stake in BSH and by extension BCFC.