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 today confirmed in a statement that the independent disciplinary hearing has ruled that Birmingham City will be deducted nine points as a result of a breach of the League’s Profitability and Sustainability rules. The ruling brings to an end months of waiting to see what would happen and will be imposed on Blues immediately.
The 128th Second City Derby has been one of controversy. While the result saw Blues suffer defeat to their hated rivals and ensure the long run without a league win in this fixture goes on, an incident at the ground has further marred the fixture and has caused all manner of hot takes on the internet.
Just prior to announcing their interim results on Thursday, Birmingham Sports Holdings also announced a rights issue in an attempt to raise HK$297.7million. The purpose of the rights issue is to reduce the frightening levels of borrowing within the company and to provide more working capital to keep the company going.