Pannu confirms BIHL talks with British consortium

3

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.

Peter PannuThe acting chairman said; “I can confirm that BIHL remains in advanced talks with a British consortium with a very strong North American investment fund.

“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?

 

By Oliver Osborn

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.
Read more at http://www.bcfc.com/news/article/20140527-birmingham-international-holdings-limited-update-1574355.aspx#Xjh2QewJCtVJCi4P.99
I can confirm that BIHL remains in advanced talks with a British consortium with a very strong North American investment fund.
“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.”

Read more at http://www.bcfc.com/news/article/20140527-birmingham-international-holdings-limited-update-1574355.aspx#Xjh2QewJCtVJCi4P.99

I can confirm that BIHL remains in advanced talks with a British consortium with a very strong North American investment fund.
“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.”

Read more at http://www.bcfc.com/news/article/20140527-birmingham-international-holdings-limited-update-1574355.aspx#Xjh2QewJCtVJCi4P.99

I can confirm that BIHL remains in advanced talks with a British consortium with a very strong North American investment fund.
“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.”

Read more at http://www.bcfc.com/news/article/20140527-birmingham-international-holdings-limited-update-1574355.aspx#Xjh2QewJCtVJCi4P.9

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3 thoughts on “Pannu confirms BIHL talks with British consortium

  1. Oldbluenose says:

    Over the moon, if it is a serious purchase to rebuild The Blues, no matter how slowly.

  2. johnblue says:

    Prior to this information being released by Pannu, we have been repeatedly informed, that due to non disclosure agreements, any statements regarding talks on the sale of the club, would only be released by the Hong Kong Stock Exchange. Does this mean that Pannu is now running the HKSE ? Until and if, an official announcement is made by BCFC, saying the club is now in new ownership and they reveal the name of the new owners, I will believe nothing. Also I will not renew my season ticket, until that official statement has been made.

  3. Mark Broomhall7 says:

    Glad when Blues can compete on a proper level an not have to struggle, KRO Foreva.

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