Financial worries at Birmingham City FC have eased after owner Carson Yeung secured additional funds. He has raised about £6.7m. Shares amounting to 12.37 per cent of the football club’s holding company have been sold to six parties unconnected with the company. The club revealed last month that they had debts of about £27m. The way should now be clear for their participation in the Europa League next season.
Financial worries at Birmingham City FC have eased after owner Carson Yeung secured additional funds. He has raised about £6.7m. Shares amounting to 12.37 per cent of the football club’s holding company have been sold to six parties unconnected with the company. The club revealed last month that they had debts of about £27m. The way should now be clear for their participation in the Europa League next season.