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.
Birmingham City published the accounts for the club for the year ending June 2022 on Friday. While there were no major surprises in the accounts, there are a few talking points worth talking about in the context of where the club is right now.
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 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.
With any chance of a takeover happening still incredibly uncertain right now, there has been some fear among Blues fans that this will be the season Blues go under financially. The more dramatic fans on social media have seized on the idea that the owners will not fund the club if it is not sold with all the attendant crises that would cause.
The accounts for Birmingham City’s 2020/21 season were published on the Companies House website on Tuesday. The accounts make for some grim reading thanks to the restrictions placed upon the club by the Covid pandemic and confirm just how important the sale of Jude Bellingham was to the continued existence of the club.
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.
The accounts for Birmingham City Football Club plc and it’s UK parent Birmingham City plc became live on the Companies House website on Tuesday. Although we’ve already seen general information on how the club has fared financially from segmented parts of the Birmingham Sports Holdings accounts, these accounts give us a good chance to understand the specific issues the club is facing.
Birmingham Sports Holdings announced their interim accounts to the Hong Kong Stock Exchange on Friday. The unaudited figures confirmed that the listed company made a profit of HK$75.924M (just over £7m) for the six-month period to December 31, 2020, which represents a huge change from their normal loss-making performance.
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.