One of the biggest indicators that life has drastically changed for Birmingham City is the complete lack of coverage of any news from Hong Kong. Despite Birmingham Sports Holdings still owning 51% of the club, it’s clear that it’s Shelby Companies Limited calling the shots and the remaining Chinese BCFC board members appear to have been completely sidelined.
On Friday afternoon Birmingham Sports Holdings confirmed to the Hong Kong Stock Exchange the news that I had feared on Wednesday; that the Circular for shareholders relating to the takeover of Blues was to be delayed. The announcement confirmed that the Circular will now be despatched on or before June 30, 2023.
Birmingham Sports Holdings made a supplemental announcement to the Hong Kong Stock Exchange on Tuesday afternoon to clarify certain points about the deal that has been agreed to sell a stake in Birmingham City to Shelby Companies Limited. The four page announcement was designed to answer questions shareholders might have but has seemingly just caused more for Blues fans.
Birmingham Sports Holdings published their interim accounts for the six months ending December 2022 on Tuesday afternoon. As expected, the Hong Kong listed company have posted another loss, but while the accounts are unaudited there are a few bits we can take from it that tell us more about the state Birmingham City is in right now.
Birmingham Sports Holdings held their annual general meeting on Friday 30 December at the United Centre in Admiralty, Hong Kong. As a shareholder in the company, I flew to Hong Kong to attend the meeting to ask questions about whether BSH were looking to sell their 75% stake in Birmingham City plc.
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.
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.
Birmingham Sports Holding Ltd announced their interim results to the Hong Kong Stock Exchange yesterday following a board meeting held by the company. The results, which are unaudited, cover the six month period to December 31, 2021.
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.