As we heard into December, It won’t be long before the accounts for Birmingham City FC will be published at Companies House. These accounts will give a full insight into the financial situation of the club at the start of this season and should help us understand just how much money the club can spend this winter.
As the protests continue to rumble on in Hong Kong, the economy there shows signs of further weakening. While the Hong Kong stock market is as yet to be affected, various financial news outlets have spoken of potential investor flight from the former colony as long-term prospects grow increasingly bleak. What could this mean for Birmingham Sports Holdings and by extension its subsidiary Birmingham City FC?
A header from Lukas Jutkiewicz along with a massively deflected effort from teenager wunderkind Jude Bellingham gave Birmingham City a 2-1 win over Stoke City at St Andrew’s on Saturday.
Birmingham Sports Holdings today confirmed in a voluntary announcement to the Hong Kong stock exchange that they have entered into an agreement to buy a Chinese lottery company. The announcement confirmed that the new company should guarantee a profit of around £3million for BSH over the next three years.
The rumour season is once again in full swing on social media, with rumours not just of impending incomings and exits at Blues but talk of potential changes in ownership. None of these rumours have any basis in fact as it stands – I wrote this article to explain why Blues won’t be sold any time soon.
In the fallout from everything that happened on Thursday one of the most common questions I’ve been asked what I know about the motives of the owners of Birmingham City.
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.
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.
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.
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.