Birmingham City FC have offered the club’s entire assets to HSBC to guarantee future loan repayments. The loan reflects concerns about the situation of the club’s holding company, Birmingham International Holdings. The club is currently the subject of a transfer embargo because of a failure to submit accounts on time.
Birmingham City FC have offered the club’s entire assets to HSBC to guarantee future loan repayments. The loan reflects concerns about the situation of the club’s holding company, Birmingham International Holdings. The club is currently the subject of a transfer embargo because of a failure to submit accounts on time.
However, the deal could work to the advantage of the club by ensuring that revenue generated at St. Andrews goes to the club. The loans are not thought to be prohibitively large.