May 27, 2014 by bluenosebible
Birmingham City acting chairman Peter Pannu has announced the club’s holding company Birmingham International Holdings are in “advanced talks” with a British consortium.
In a statement on the club’s website, Pannu also revealed the consortium are backed by an North American investment fund, but is unable to be more specific due to Hong Kong Stock Exchange regulations.
“However, specific details cannot be disclosed at this moment in time due to non-disclosure agreements and HKSE regulations.
“There are many technical issues still to be resolved and legal representatives from both parties remain in advanced discussions to pave the way forward.”
The news comes less than a day after the club’s parent company made a statement to the Hong Kong Stock Exchange saying they have received bids to buy the football club. (http://www.hkexnews.hk/listedco/listconews/sehk/2014/0526/LTN20140526631.pdf)
What are your thoughts on the news?
Are you pleased the club could be under British ownership?