Birmingham City’s accounts for the year ending June 30, 2019 became available at Companies House on Tuesday. Once again they made for some grim reading, although there have been some improvements in revenues and amount of loss made.
News broke on Monday night that Middlesbrough Chairman Steve Gibson is demanding an investigation into the financial conduct of three clubs in the Championship. Gibson is unhappy at the way Derby County, Sheffield Wednesday and our chums from across the expressway have skirted the P&S rules.
Statements made yesterday by Birmingham City and the EFL confirmed that neither the club nor the EFL will be appealing against the nine-point deduction laid down by the Disciplinary Commission in March. The EFL have also confirmed how Blues P&S calculation will be looked at for this year.
The dust has now settled after the big news of Birmingham City being sanctioned with a nine-point deduction for breaching Profit and Sustainability rules. The questions now have to be asked as to how Birmingham City got into the mess it did and how it can ensure it does not happen again.
The EFL have confirmed in a statement today that the Profit and Sustainability Disciplinary Commission hearing will be delayed for about a month. The commission had been scheduled to meet this week but due to a member of the Disciplinary Commission being “conflicted” they have had to withdraw.
Late on Thursday evening the Daily Telegraph published a story by John Percy confirming that the date of the disciplinary panel hearing into Blues’ breach of P&S regulations will be around the 26th February, with a verdict expected to be delivered this season.
Bolton Wanderers Chairman Ken Anderson today reacted strongly to criticism of his recent conduct in a statement on Bolton’s official website. While Blues have a financial interest in what is going on with Jonathan Grounds on loan at the University of Bolton Stadium, I think there are wider lessons to be learned.
With the October international break now into its second week, Blues fans are still none the wiser as to when the independent disciplinary panel will meet to decide the punishment Birmingham City will face for breaking “Profit and Sustainability” rules.
It’s safe to say the EFL are not the most popular people with Blues fans right now, judging by social media. I’ve seen everything from calls for the EFL to explain the constraints they have placed against Birmingham City to demands for the Blues Trust to hold the EFL to account.