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.
The search has started in earnest for Birmingham City’s 36th permanent manager. While Lee Carsley takes on the reins in the interim assisted by Paul Williams and club captain Paul Robinson, the board are looking for just who can turn around what has been a pretty dismal 12 months for Birmingham City.
Harry Redknapp was sensationally sacked from Birmingham City on Saturday night as Blues slipped to a sixth consecutive defeat. His departure means that the club now seek their fourth different manager within 12 months.
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.
Paul Suen Cho-hung has been a busy bee of late. Not content with his mass of Hong Kong listings, he has now launched a bid to buy a London-based casino from Hong Kong listed company Landing International for a whopping HK$2.5billion (£242million).
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?
August wasn’t only an exciting month in Birmingham – for shareholders of the holding company in Hong Kong it’s been interesting too, with shares rocketing up by 50% in the last three days of last week. Are HK investors excited by potential promotion?
Harry Redknapp said he wanted new players, and he got them. Deadline day brought the busiest transfer window in Blues history to a conclusion. Four players came in and five left in the last 24 hours to make a total of 28 players going in or out of St Andrews over the summer months.