November 15, 2012 by Made In Brum
The news broke last night that Gianni Paladini had held advanced talks with the Blues owners and was expecting to complete a takeover ‘within ten days’. Due diligence was about to be taken and the books were available for Paladini’s lawyers to see. But this is Birmingham City, remember, the place where nothing is straightforward.
Today, Peter Pannu, acting chairman of Birmingham City and the man who is negotiating the sale of the club has issued a statement on the clubs official website. He asks fans not to believe speculation and rumours and only believe the stock market announcement, when one is made. He also denies that talks have taken place between the club and Paladini’s consortium. To be blunt, someone is lying.
The omnishambles that is the Blues board and this take over bid as a whole has obtained a new low. On one hand, Paladini is stating that ‘a deal could be struck within ten days’ and on the other hand you’ve got Peter Pannu denying talks have even taken place. What a farce.
For Paladini to mention the managerial situation at the club, like he did yesterday, and to talk about the January transfer plans, he must have held talks, if not, he has broken a confidentiality agreement. Its reported that the accounts are being looked at next week, don’t forget, these are the accounts that the club failed to file for the last two years, once leading to a transfer embargo.
It is all messy. This is Blues. But something has to give.