The dust has now settled after the big news of Birmingham City being sanctioned with a nine-point deduction for breaching Profit and Sustainability rules. The questions now have to be asked as to how Birmingham City got into the mess it did and how it can ensure it does not happen again.
The EFL today confirmed in a statement that the independent disciplinary hearing has ruled that Birmingham City will be deducted nine points as a result of a breach of the League’s Profitability and Sustainability rules. The ruling brings to an end months of waiting to see what would happen and will be imposed on Blues immediately.
The 128th Second City Derby has been one of controversy. While the result saw Blues suffer defeat to their hated rivals and ensure the long run without a league win in this fixture goes on, an incident at the ground has further marred the fixture and has caused all manner of hot takes on the internet.
Just prior to announcing their interim results on Thursday, Birmingham Sports Holdings also announced a rights issue in an attempt to raise HK$297.7million. The purpose of the rights issue is to reduce the frightening levels of borrowing within the company and to provide more working capital to keep the company going.
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.
The EFL have confirmed in a statement today that the Profit and Sustainability Disciplinary Commission hearing will be delayed for about a month. The commission had been scheduled to meet this week but due to a member of the Disciplinary Commission being “conflicted” they have had to withdraw.
Late on Thursday evening the Daily Telegraph published a story by John Percy confirming that the date of the disciplinary panel hearing into Blues’ breach of P&S regulations will be around the 26th February, with a verdict expected to be delivered this season.
As fans celebrated Lee Camp saving Nakhi Wells’ injury time penalty to ensure Birmingham City beat QPR 4-3 on Saturday, news filtered through that the EFL have made their proposed sanction against Blues for their “aggravated breach” of the Profit and Sustainability Rules.
Mystery has swirled around the ownership of Western Melbourne Group since the consortium were confirmed as the 11th team to play in the Australian A-League from next season. Today, I can reveal that Birmingham Sports Holdings are the financial backers for the project.
Che Adams was emphatic in his goal celebrations at the weekend that he was staying at St Andrews. Having netted his 16th league goal of the season, Adams matched Clayton Donaldson’s haul from the 2014-15 season with only Marlon King having scored more in the last 15 years. However, that joy was tempered by news from the Times that Blues were in trouble for not selling Che.