On Thursday Birmingham Sports Holdings announced to shareholders the end of year accounts for the company for the year ending June 30, 2021. The accounts reflect a year where the business has been hit by the coronavirus pandemic with revenues vastly reduced. However, the sale of Jude Bellingham in particular ensured that the company were able to reduce losses to a more manageable level.
The accounts for Birmingham City Football Club plc and it’s UK parent Birmingham City plc became live on the Companies House website on Tuesday. Although we’ve already seen general information on how the club has fared financially from segmented parts of the Birmingham Sports Holdings accounts, these accounts give us a good chance to understand the specific issues the club is facing.
“Financial Armageddon” screamed the headline. Ten clubs under a transfer embargo with the EFL, of which Birmingham City was one. The article from the Daily Mail appears to have gone, but the backlash hasn’t, with Coventry City, Luton Town and Cardiff City all issuing statements refuting the story. Was it all just a storm in a teacup or is there more to read into this?
Birmingham Sports Holdings announced their interim accounts to the Hong Kong Stock Exchange on Friday. The unaudited figures confirmed that the listed company made a profit of HK$75.924M (just over £7m) for the six-month period to December 31, 2020, which represents a huge change from their normal loss-making performance.
Birmingham Sports Holdings produced their annual report on Thursday, covering the year to June 30, 2020. The glossy 162-page brochure is published to give shareholders information on the company including the recent accounts published along with some further detail.
Birmingham Sports Holdings announced to the Hong Kong Stock Exchange their interim accounts for the six-month period ending December 31, 2019 on Friday. While these accounts are unaudited and are for the entire parent company rather than the club they do give us something of an insight into how things are going with the club this season.
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.
Birmingham Sports Holdings today announced to the Stock Exchange of Hong Kong their financial results for the year ending June 30, 2019. The results make for some grim reading, with another huge loss made by the company despite a fairly heavy cut in operating expenses.
Birmingham Sports Holdings today announced their interim results for the six months ending December 31, 2018 today. The results have shown some improvements but the company still reported a HK$173million (around £16.6million) loss in just six months.
Birmingham City filed their accounts at Companies House on Friday, with figures making for grim reading for fans. The club showed a loss before taxation of nearly £37.5million on revenues of just under £18.8million. Having spent some time reading through the accounts, I’ve put together some analysis of what these numbers mean for the club.