Sources: Angels' Dipoto Out As GM Bettman, Coyotes Deny N.Y. Post Report Kings, Ranadive Coming Under Fire From Critics Lions Set To Host LGBT Pride Night Orlando City To Own USL Club Phillies' MacPhail To Observe For First Few Months NYC FC's Geography Paying Dividends Could 31-Year-Old Become Face Of Titans? Franchise Notes McDavid Offers Oilers Hope For Turnaround
SBD/March 9, 2011/Franchises
ManU CEO Ardently Defends Glazers Against U.K. Parliamentary Questioning
Published March 9, 2011
CAUSE FOR CONCERN: In London, Sandy Macaskill reports the EPL is "closely monitoring Birmingham City after concluding that the club's financial position gives cause for concern." The league also "privately expressed unease at attempts by the Birmingham board to distance themselves from their parent company, Birmingham International Holdings." Birmingham's finances have "again come under scrutiny after a statement made to the Hong Kong stock exchange last week revealed 'the existence of a material uncertainty that may cast significant doubt' on the ability of BIH to continue as a growing concern." BIH owns 96% of Birmingham City plc, which owns the club. Recent accounts published by the club "showed that Birmingham has debts of more than" US$47M (London TELEGRAPH, 3/9).