This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/uk-england-birmingham-31504347
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Birmingham City FC's owners in receivership | |
| (35 minutes later) | |
| The company that owns Birmingham City Football Club has gone into receivership. | |
| The Championship club's parent company, Birmingham International Holdings Limited (BIHL), blamed "fractious and inharmonious relations within the management" for the decision. | |
| BIHL said it had appointed three receivers from Ernst and Young. | BIHL said it had appointed three receivers from Ernst and Young. |
| The club said it wished to reassure supporters "most emphatically" that no winding-up petition had been filed. | The club said it wished to reassure supporters "most emphatically" that no winding-up petition had been filed. |
| 'Unusual course of action' | |
| It said it was, therefore, not in liquidation and could continue to fulfil its fixtures in the league. | |
| In a statement, BIHL said it had made the announcement to the Hong Kong stock exchange. | |
| It said: "BCFC naturally recognises the impact which this announcement may have on itself and how it may be interpreted by its supporters, staff, media and the wider domain. | |
| "The club therefore wishes to explain why the majority directors on the board of BIHL had deemed it necessary to take this voluntary but unusual course of action." | |
| Richard Wilford BBC WM Sport - analysis | |
| The decision of Birmingham International Holdings Limited to appoint receivers is another chunk of knotted spaghetti in the tangle of Birmingham City, as far as I can see. | |
| If you're feeling optimistic, the BIHL receivers could potentially recommend a sale of the club once they've got to the bottom of the finances. | |
| Either way, boardroom wrangles hardly help engender a feeling of stability at Blues, despite the efforts of St Andrew's-based staff. | |
| It said it would continue "a strong dialogue" with the Football League. | |
| In January, the Football League wrote to the club seeking clarity over former owner Carson Yeung's role. | |
| Yeung was convicted of money laundering in March 2014 and jailed for six years. | |
| However, it emerged Yeung had requested to remove three of BIHL's directors and replace them with three people he had nominated. | |
| In October, the club were second from bottom in the league and were thumped 8-0 at home to Bournemouth. | |
| However, new manager Gary Rowett has steered the team to mid-table. |