Birmingham City crashed out of the FA Cup with barely a whimper on Saturday, losing 1-0 to League One side Plymouth Argyle. The final result might say that the Pilgrims won after extra time but the sad fact is a 4-0 scoreline in 90 minutes would not have flattered them. Yet the worst part of it all seems to be the number of Blues fans (including myself) who were just resigned to defeat and numb to the pain.
Birmingham City slumped to a 4-0 defeat on Saturday at Blackburn Rovers, leaving them 17th in the table. While the heavy defeat has brought out some critics of Lee Bowyer’s tenure as Head Coach, there has also been an increasing amount of talk online about how the ownership of the club might change.
Last month I wrote about the family connections between the elusive Mr King, Wang Yaohui and Vong Pech, who has the largest financial interest in Birmingham City. Feedback from that article suggests there is still some confusion as to just who this Mr King guy is, and why I’ve dedicated so much of my time to uncovering connections between him and the titular shareholders of Birmingham Sports Holding. In this article I’m hoping to rectify that somewhat.
Everyone knows that Birmingham City are owned by a company based in Hong Kong, but how much is actually known about them and what they do? In this second refresher article about the powers that be behind the club, I’ve taken a look at Birmingham Sports Holdings.
Following my article on Monday about the rumours surrounding takeovers and owners, I thought now would be a good time to refresh people’s memories about Wang Yaohui (aka the elusive Mr King) and his connections to the entities that officially own the club, the stadium and Birmingham Sports Holdings.
It’s a bipolar existence being a Birmingham City fan sometimes. On the pitch things look much improved and on Saturday the team scored five goals in the league for the first time in nearly six years in a thumping 5-0 win over Luton. Off the pitch, the rumour mill is in overdrive with whispers of financial meltdown doing the rounds in a vacuum of information.
Birmingham City Stadium Ltd confirmed a raft of changes to Companies House yesterday which sees the exit of former Blues CEO Ren Xuandong as a director along with Edward Zheng Gannan. More importantly, Vong Pech and Kang Ming-Ming were newly appointed as directors in a move which would seem to confirm the sale of the St Andrew’s by Birmingham Sports Holdings is complete.
Birmingham Sports Holdings announced to the Hong Kong Stock Exchange on Wednesday afternoon that it had agreed to sell off its remaining 75% stake in Birmingham City Stadium Ltd. The sale passes St Andrew’s Stadium into the hands of a British Virgin Islands investment vehicle – and further muddies the water of how the club is run.
On Friday, Birmingham Sports Holdings made an announcement to the Hong Kong Stock Exchange that they had issued just over a billion new shares in the company to repay debts to two third party lenders. An investigation into the two companies and their owners has shown that both companies are connected both to the elusive Mr King, Wang Yaohui.
On Friday, I published a lengthy article outlining just how tangled a web the ownership of Birmingham City FC is. In this article I am concentrating on new shareholders in the club Oriental Rainbow Investments Ltd – and why their investment is indicative of issues the club faces.