Birmingham have sold winger Ivan Sanchez to Real Valladolid. They’ve now only got 16 players at the club over the age of 21. Four of them were out on loan last season. So if Eustace does go there, he has got his work cut out as pre-season ticks away.....
Eustace would really have to be desperate to go to Birmingham and with their precarious financial position I'm not even sure if they can afford to sack Lee Bowyer.
I was talking to a Brum fan recently who told me that they now have to pay rent for the stadium because their ground was sold to a company in the British Virgin Islands. Apparently nobody knows who trousered the cash from the ground sale because it still remains a mystery over who owns the club.
If this is all true then the Football League and it's so called protocols would seem to have failed yet again.
I have just googled on the internet and apparently in June 2021 the sale of the ground was announced on the Hong Kong Stock Exchange with £10.78million being paid to a company called Birmingham Sports Holdings for their 75 per cent share.
As a result it meant that their football club’s parent company no longer owns the stadium but have a 10 year agreement to pay rent (£1.25m/year) to a separate entity called Birmingham City Stadium Ltd. I presume Birmingham are homeless after 2031 unless they can strike another deal.
The stadium company was set up in 2019 to buy St Andrew’s from Blues in order to help the club improve their accounts and avoid sanction due to the financial fair play rules.
The buyer is a real estate investor named Ms Kang Ming-Ming, who used a British Virgin Islands investment company called Achiever Global Group Ltd to make the purchase.
It amazes me that the Football League allow these sort of deals to keep happening.
I have just googled on the internet and apparently in June 2021 the sale of the ground was announced on the Hong Kong Stock Exchange with £10.78million being paid to a company called Birmingham Sports Holdings for their 75 per cent share.
As a result it meant that their football club’s parent company no longer owns the stadium but have a 10 year agreement to pay rent (£1.25m/year) to a separate entity called Birmingham City Stadium Ltd. I presume Birmingham are homeless after 2031 unless they can strike another deal.
The stadium company was set up in 2019 to buy St Andrew’s from Blues in order to help the club improve their accounts and avoid sanction due to the financial fair play rules.
The buyer is a real estate investor named Ms Kang Ming-Ming, who used a British Virgin Islands investment company called Achiever Global Group Ltd to make the purchase.
It amazes me that the Football League allow these sort of deals to keep happening.
It is truly amazing that the EFL can sit idly by and let this happen!
