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Birmingham City shares suspended Birmingham City shares suspended
(10 minutes later)
Birmingham City officials have asked for the football club's shares to be temporarily suspended "pending an announcement" later.Birmingham City officials have asked for the football club's shares to be temporarily suspended "pending an announcement" later.
The move comes after the club's co-owner David Sullivan and managing director Karren Brady were arrested and questioned, before being bailed.The move comes after the club's co-owner David Sullivan and managing director Karren Brady were arrested and questioned, before being bailed.
The pair were questioned by police in connection with allegations of false accounting and conspiracy to defraud.The pair were questioned by police in connection with allegations of false accounting and conspiracy to defraud.
The club previously said it was "fully committed" to working with police.The club previously said it was "fully committed" to working with police.
The London Stock Exchange suspended the shares on Thursday morning.The London Stock Exchange suspended the shares on Thursday morning.
Shares in the company had been selling for 35.5p until the suspension announcement, which came half an hour before the start of trading.
Ms Brady made no comment as she left her home in Knowle, Solihull, shortly before 0800 BST.
'Longstanding appointment''Longstanding appointment'
City of London Police raided the club last month in what was said to be "an ongoing investigation into football corruption".City of London Police raided the club last month in what was said to be "an ongoing investigation into football corruption".
Ms Brady, 39, and Mr Sullivan, 59, were questioned and bailed by the police force's economic crime unit.Ms Brady, 39, and Mr Sullivan, 59, were questioned and bailed by the police force's economic crime unit.
A statement released by Birmingham City FC on Wednesday said the pair had been interviewed by officers as part of a "longstanding appointment" and they had "happily done so".A statement released by Birmingham City FC on Wednesday said the pair had been interviewed by officers as part of a "longstanding appointment" and they had "happily done so".
Seven other people are currently on bail as part of the investigation.Seven other people are currently on bail as part of the investigation.
Among those previously arrested during the investigation are Portsmouth manager Harry Redknapp, the club's chief executive Peter Storrie and former chairman Milan Mandaric.Among those previously arrested during the investigation are Portsmouth manager Harry Redknapp, the club's chief executive Peter Storrie and former chairman Milan Mandaric.
Former Portsmouth midfielder Amdy Faye, a Senegalese international, has also been questioned by police.Former Portsmouth midfielder Amdy Faye, a Senegalese international, has also been questioned by police.