Do Not Sell My Personal Information
Connect with us

Birmingham City

Birmingham City announce seven bids for the club

Published

on

The holding company for Birmingham City Football Club have announced that there are a total of seven parties interested in buying the championship side, according to BBC Sport.

Seven potential parties are interested in the Blues

Seven potential parties are interested in the Blues

Birmingham International Holdings Limited (BIHL) went into a receivership in the middle of February and since then interest in the cash strapped team has been mounting steadily.

However, it is not known who these seven parties are but what is known is that all bids are non-binding.

Just last month, BIHL stated that there had been no “significant discussions” between any bidders and that if the club was to be sold in the near future then it would be classed as a “last resort”.

Since winning the Carling Cup in February 2011 and being relegated on the final day of the same season, the club have never looked the same and that is down to their owner, who was last year sentenced to serve six years in a Hong Kong jail for five counts of money laundering adding up to nearly £60 million.

Despite the receivers Ernst and Young previously stating that they intend to start negotiating with their preferred bidder “as soon as practicable”, in a recent statement to the Hong Kong Stock Exchange, they also said that the discussions “may not lead to the making of a general offer for the shares of the company”.

The club currently sit in 15th position in the Sky Bet Championship after the appointment of Gary Rowett in late October, and with this news of seven potential buyers, fans will be optimistic for the first time in several years that the club might actually start getting back to the place where it belongs, even if it does take a little bit of time.

Birmingham City fans… What do you make of this news? Would you like to see your club get a new owner in soon? Let us know in the comments below!


ScoopDragon Football News Network

Article title: Birmingham City announce seven bids for the club

Please leave feedback to help us improve the site: