Birmingham Sports Holdings announced their latest accounts to the Hong Kong Stock Exchange on Friday afternoon. The accounts are for the year ending 30 June 2022 and correspond to the 2021/2022 football season for Blues. While the company once again made a loss, the amount BSH lost has been reduced, which will surely please investors.
As the Laurence Bassini and Keith Harris-led takeover “deadline” of June 30 came and went, Birmingham Sports Holdings did in fact make an announcement to the Hong Kong Stock Exchange. However, rather than inform shareholders that it was selling the club, the only news BSH had the was departure of director Hsiao Charng Geng.
Birmingham City slumped to a 4-0 defeat on Saturday at Blackburn Rovers, leaving them 17th in the table. While the heavy defeat has brought out some critics of Lee Bowyer’s tenure as Head Coach, there has also been an increasing amount of talk online about how the ownership of the club might change.
Everyone knows that Birmingham City are owned by a company based in Hong Kong, but how much is actually known about them and what they do? In this second refresher article about the powers that be behind the club, I’ve taken a look at Birmingham Sports Holdings.
In October 2017, it was reported that Birmingham City had entered into a strategic partnership deal with Unio Esportiva Cornella, a team playing in the Spanish third tier. In this first article of a series looking back at the way the current regime have run Blues, I’ve taken a look at what that partnership did for Blues – and at what cost.
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.
With the football season pretty much over, I wanted to turn my attention back to the ownership of Birmingham City. Although the departure of Ren Xuandong from his roles as CEO and Director of the club has been welcomed almost universally by Blues fans, I think there are still some reservations over how the ownership of the club will run the club going forward.
Birmingham Sports Holdings announced to the Hong Kong Stock Exchange on Wednesday afternoon that it had agreed to sell off its remaining 75% stake in Birmingham City Stadium Ltd. The sale passes St Andrew’s Stadium into the hands of a British Virgin Islands investment vehicle – and further muddies the water of how the club is run.
Birmingham Sports Holdings confirmed in an announcement on Monday to the Hong Kong Stock Exchange the date of an Extraordinary General Meeting to approve the partial sale of BCFC to Oriental Rainbows Ltd. The sale would see Chinese-Cambodian businessman Vong Pech become the largest shareholder in the club.
Birmingham Sports Holdings released their accounts for the year ending June 30, 2020 on Wednesday afternoon. The results confirmed that once again the company had made a loss – although not as great as in previous years. However, coronavirus has clearly had an impact with massively increased borrowing.