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BLUES FACING HEFTY POINTS PENALTY

By Jamie Gardner
CHAMPIONSHIP
A FOOTBALL finance expert believes Birmingham will be hit with a points deduction next month from the English Football League.
The club’s accounts show losses of £37.5million in the 12 months to the end of June 2018, more than double the previous year’s deficit.
A rising wage bill under former Blues bosses Gianfranco Zola and Harry Redknapp was the biggest cause of that increased loss.
Birmingham have net liabilities of £55m and owe parent company Birmingham Sports Holdings more than £73m.
The accounts refer to a notification from ...

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