The announcement that Birmingham Sports Holdings are to sell their remaining stake in Birmingham City Stadium Ltd offered more questions than answers for Blues fans. One of the big questions right now is just how safe the club’s tenure at St Andrew’s will be once the sale has completed.
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.
On December 16, Birmingham City confirmed in a brief statement on bcfc.com that following an annual structural survey of St Andrew’s stadium, remedial work had been identified which meant that both the Kop and Tilton stands needed to be closed until further notice. Nearly three weeks later, nothing more has been said – so what’s going on?