Birmingham City Releases Statement Denying Imminent Ownership Change
League Championship side Birmingham City "insisted that no sale of the club has been agreed, or was imminent," according to Colin Tattum of the BIRMINGHAM MAIL. In a move "responding to mounting speculation, the club made a statement on their website." Birmingham City said that "fresh investment continued to be sought, but a change in ownership was not on the horizon." The club has "been effectively up for sale for two years." Hong Kong-based parent company Birmingham Int'l Holdings Ltd. has a 96% stake in the Blues. Birmingham City Acting Chair and BIHL CEO Peter Pannu "has been leading negotiations during this time" (BIRMINGHAM MAIL, 8/7).