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.
Birmingham City made filings with Companies House yesterday confirming procedural details which may have an impact on Blues “Profit and Sustainability” calculations this season.
Birmingham City filed their accounts at Companies House on Friday, with figures making for grim reading for fans. The club showed a loss before taxation of nearly £37.5million on revenues of just under £18.8million. Having spent some time reading through the accounts, I’ve put together some analysis of what these numbers mean for the club.
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 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.
Birmingham Sports Holdings today confirmed in an announcement to the Stock Exchange of Hong Kong a warning of a substantial increase in loss in the interim accounts which are due to be published at the end of February.
Recently released accounts for Birmingham City Football Club make for some grim reading. While performances on the pitch have meant that the team have seen their league position drop into the bottom three, the amount of money spent by the club has rocketed ensuring that the club made a loss before taxation of £16.395million.
Birmingham Sports Holdings filed their accounts for the twelve month period ending June 30, 2017 yesterday. They confirm that the company made a loss of HK$182million (approx. £17.4million), more than triple the loss for the previous year.
Birmingham International Holdings today confirmed that they expect to record a substantial increase in loss for the year ending June 2017. The increase of operating costs including spending on player’s registration and player wages was largely blamed for the increase.
Birmingham City were exceptionally busy in the transfer window, with 14 players coming into the club while the same number left on loan and permanent deals. With all that action going on, how much money did the club spend and is it likely there is much more available?