The release of the financial results of Birmingham City’s parent company, Cayman Islands registered, Birmingham International Holdings, has been delayed for a fourth time. It is now hoped to present the results for the year to 2011 by the end of July and the annual report by mid-August.
This could throw the club’s plans into turmoil, regardless of whether they succeed in winning promotion to the Premier League through the play offs. The transfer embargo imposed by the Football League over its concerns about the parent company’s finances could well be extended.
The release of the financial results of Birmingham City’s parent company, Cayman Islands registered, Birmingham International Holdings, has been delayed for a fourth time. It is now hoped to present the results for the year to 2011 by the end of July and the annual report by mid-August.
This could throw the club’s plans into turmoil, regardless of whether they succeed in winning promotion to the Premier League through the play offs. The transfer embargo imposed by the Football League over its concerns about the parent company’s finances could well be extended.
This could be the final straw for Blues fans who have become increasingly exasperated by the club’s Chinese owners, albeit offset by heroic efforts on the pitch against a difficult background. Leading light Carson Yeung has been dealing with money laundering charges in Hong Kong.