Over the last ten months I have written an occasional series about “Mr King” aka Wang Yaohui. I’ve written about his past and his connections with various entities who have loaned money and gained stock in Birmingham Sports Holdings. In this article, I’m exploring what Wang has been up to of late and his connections to Cambodia.
Birmingham Sports Holdings announced their end of year accounts to the Hong Kong Stock Exchange on Friday. The accounts, which are for the year ending June 30, 2018 showed a huge loss of HK$437.7millon, up from HK$182.6million the year before.
Birmingham City finally ended their winless start to the season on Saturday with a 2-1 win over Leeds United at Elland Road. A brace from Che Adams was enough to secure victory for Garry Monk’s men against his former club and lift Birmingham City in the Championship standings to 17th.
Birmingham Sports Holdings yesterday made an announcement to the stock exchange warning that there would be a substantial increase in the loss suffered by the company for the year ending June 30, 2018. The poor results are blamed on the increase in spending on player registrations and staff costs.
The two-year anniversary of the takeover of Birmingham Sports Holdings by Paul Suen Cho Hung’s Trillion Trophy Asia vehicle approaches in October. With it being public knowledge that Suen could not sell his stake in BSH within two years, will this anniversary herald a change of owner?
It’s safe to say the EFL are not the most popular people with Blues fans right now, judging by social media. I’ve seen everything from calls for the EFL to explain the constraints they have placed against Birmingham City to demands for the Blues Trust to hold the EFL to account.
Birmingham City let a two-goal lead slip to draw with Nottingham Forest 2-2 at the City Ground on Saturday. The performance of Lee Camp in goal – particularly for Forest’s second – has once again reignited calls from some fans to reintegrate either David Stockdale or Tomasz Kuszczak into the first team setup.
News broke this afternoon on Twitter that three members of the senior management team at Birmingham City have left the club. John Percy of the Telegraph reported in a tweet that chief financial officer Roger Lloyd, financial controller Gary Moore and club secretary Julia Shelton have all left St Andrew’s.
On Thursday evening the EFL and Birmingham City Football Club released a statement on their respective websites confirming that Kristian Pedersen was now registered as a player and that the transfer embargo was ended. After a fairly long summer of waiting, is this now happily ever after as far as the whole embargo thing is concerned?
Public statements appear to be like buses – we don’t see anything for ages and then boom two follow each other in a matter of minutes on Monday. Statements from an EFL spokesman and the club on their official website confirmed what we have known for some time – that Blues are embargoed and are at an impasse with respect to sorting it out.