Date: 10th September 2013 at 5:00pm
Written by:

Birmingham International Holding Company has issued a significant loss warning for the financial year and has blamed this on a lack of money coming in from player sales.

The player sales during this period are Jack Butland to Stoke for around £3.5 million pounds and Curtis Davis to Hull for around £2 million pound.

I’m unsure but I think the Redmond deal comes under this financial year not the last one.

For the year ending in 2012 Blues posted profits of £16 million pound with players like Jerome, Ferguson and Scott Dann to name a few, all being sold.

Has that money been taken out of the club? or has it slowly been chipped away by the costs of the club? its not so long back, so it would be hard to believe the club had spent that already!

The company said it expected the financial situation of the club to continue to worsen in its current state.

The club also still have liabilities of £14 million which could be the money the club owe to BIH (they loaned the club player fees), this represents a supposed fall in liabilities.

Invite A Friend Today, It`s Your Vital; Keep Us Alive To Thrive

Tell us what you think! Leave a comment below this story!(you can even win prizes!) for poll votes and leaving article comments.

This website is your website, so if you have an opinion, why not submit an article idea? Perhaps your idea is exactly what we need? If this interests you please contact Vital Birmingham