On Friday the EFL announced that Birmingham City had entered into an Agreed Decision with regards to the investigation into breaches of the Owners and Directors Test (OADT) during the attempted Maxco takeover. The club have been issued with a two point deduction, suspended until the end of the 2023/24 season.
It was reported on Wednesday that Paul Richardson, Maxi Lopez and Matt Southall have all accepted sanctions from the EFL following charges relating to the failed Maxco takeover. While there hasn’t been any official confirmation yet, the reports have stated all three have accepted suspended bans from involvements with EFL clubs.
The EFL announced on Monday evening that they have brought charges against Birmingham City Football Club as well as a number of other individuals in relation to breaches of EFL Regulations. The statement goes on to confirm that they had been considering of anybody involved with the “proposed acquisition of control” complied with Regulations in relation to the Owners’ and Directors’ Test (OADT).
Both Birmingham City and Hong Kong parent company Birmingham Sports Holdings released statements on Wednesday confirming the end to negotiations with Maxco Capital Ltd. Both of the statements made took a somewhat “bitter ex” theme, with the wording suggesting it was incumbent owners who terminated talks rather than Maxco.
With Jude Bellingham once again turning it on for England in the round of 16 World Cup match against Senegal, it’s somewhat deflating to turn attention back to the never-ending saga that is Birmingham City’s ownership travails.
News broke on Friday afternoon that 136 days after holding a conference on the Kop Car Park to tell fans the deal was done, Paul Richardson and Maxi Lopez have pulled out from their attempt to buy Birmingham City.
For the first time in a long time, hope has a home at St Andrew’s. A good 2-0 win against Queens Park Rangers on Friday elevated Blues into the top half of the table and has got some supporters dreaming of a top six position come the end of the season. While the playoffs are still realistically some way off, things definitely look to be brightening up for Birmingham City.
Birmingham City released an update to fans on Thursday evening, confirming plans to proceed with the next stage of repairs of the St Andrew’s Stadium. The update confirmed that work would be done to remove the pre-cast concrete units from both the lower Tilton and Kop during the World Cup break.
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.
As Blues head into the international break, things on the pitch feel better than they have done for a while. While Blues were unable to continue their run of wins at home to Coventry, there seems to be a very positive feeling around the way the team is playing and optimism that it will improve further.