Connect with us

Championship

Five offers made to buy Birmingham City

The company that controls has revealed via the Hong Kong Stock Exchange that it has received five offers for the club.

Ernst and Young, who control the holdings company that own City, released a statement saying they’re ‘exploring all strategic options’ in relation to the bids.

The statement does not give definitive proof that there has been an offer for a takeover, but more likely a division of shares should an offer be accepted.

The statement read: “the receivers have received five indicative non-binding offers from independent third parties in relation to possible acquisition of an interest in the company and/or Birmingham City plc.

“The Receivers will make additional announcement(s) as and when appropriate. Shareholders of the Company and potential investors are advised to exercise caution when making any decision related to dealing in the shares of the Company,” the statement concluded citing that no formal agreement had been met.

With the introduction of as manager, the have recovered to a safe position in the after a poor start to the season where they lost 8-0 to . The financial safety of the club has also recovered – after the imprisonment of former owner Carson Yeung – argue Ernst and Young, stating earlier this month that sale of the club would be a ‘last resort’.

Related Topics
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tackle the News

- Sign Up for our weekly Football League Newsletter Today!
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Best Betting Sites at Betinireland.ienew-UK-football-betting-sites-banner

More in Championship

  •

    Florian Bianchini can be fab for Portsmouth – John Mousinho

    Portsmouth boss John Mousinho is tipping French loan capture Florian Bianchini to make a major impact at Fratton Park. Pompey have borrowed the versatile 24-year-old attacker from divisional rivals Swansea. The former Amiens and Bastia man netted three goals in 36 Championship games for the Swans last season, but only...

  •

    Chris Dunlavy: Big-hitters and rookie bosses join Championship madhouse!

    The FLP looks at the key Championship talking points The Championship season hasn’t even kicked off yet, and already we’ve seen transfer embargoes, unpaid wages and a host of other off-field issues. Then there’s the arrival of two big-hitters from League One in the shape of big-spending Birmingham and Hollywood-backed...

  •

    John Lyons: Sheffield Wednesday’s plight raises fears

    Concerns are growing as to whether Sheffield Wednesday will be in a position to kick off their Championship season at Leicester City next Sunday. There have been a raft of player departures in the past fortnight at the crisis-hit club. Wages were delayed in both May and June and the...

  •

    John Lyons: Closing in on the Championship…

    A host of Championship clubs put the finishing touches to their pre-season preparations yesterday. Stoke warmed up for their curtain-raiser at home against Derby next Saturday by earning a morale-boosting 1-0 win against Premier League new-boys Burnley. Ben Wilmot notched the Potters’ first half winner. Birmingham rounded off their pre-season...