June has almost come to an end and as it stands, there is no official word that Birmingham City are any closer to being takeover. While there have been rumours about Laurence Bassini visiting B9 in the near future, there has been no direct quotes from the Bassini camp in recent days and his self-imposed deadline of tomorrow may well come and go without anything being completed.
With any chance of a takeover happening still incredibly uncertain right now, there has been some fear among Blues fans that this will be the season Blues go under financially. The more dramatic fans on social media have seized on the idea that the owners will not fund the club if it is not sold with all the attendant crises that would cause.
It’s been just over a week now since the HKSE announcement from Birmingham Sports Holdings confirming that Vong Pech had agreed to sell the 21.64% stake in Birmingham City plc that he owns. Since then there’s been a fair few newspaper articles, a radio interview complete with wild promises and potentially libellous accusations – but nothing of any actual official value. What’s going on?
The first official communication that a partial takeover of Birmingham City is underway was made yesterday as Birmingham Sports Holdings made a voluntary announcement to the stock exchange. The announcement confirmed that BSH had been informed by Vong Pech that he was selling his 21.64% stake in Birmingham City plc.
Once again, takeover fever is in abundance in Birmingham City fans. According to the Mirror, even the grammatical tense surrounding the takeover has changed with reports that Laurence Bassini has bought the club. With lots of rumour flying around and precious little actual information I wanted to put together some reasoned thoughts on what the hell is going on.