I didn’t think it would quite be this bad.
As I’m sure you are aware, Birmingham City have been plunged into a bit of financial chaos in recent days (I don’t think chaos is too harsh a term, do you?). A recent story in The Telegraph documented that the Blues have been charged by the EFL for breaching regulations.
Now the financial side of it, I’m not smart enough to know about, so I’m going to be leaning on other sources to guide us through this, but a report from Birmingham Live showed just how much bother the club is in right now.
There are other details to it, but the biggest takeaway from the article is that “The forecasts show that BCFC needs additional funding of around £54.2m from BSHL for the period from July 2019 to December 2020.”
And when this amount of money made its way onto social media last night, Birmingham City fans were not pleased at all, with many of them casting even more doom and gloom on the club and some of them raising questions about the long-term future of the club.
That makes our club unviable for new owners because there is no way we are worth £145 mil just to keep it afloat before thinking of progressing, so I think unless we go down the road of administration we are stuck with these muppets
— Lee Wildman (@lee_wild31man) January 7, 2020
Promotion is so so so far off that it’s a disaster just waiting to happen!
— Mark Jarratt (@shizz1960) January 7, 2020
Any idea how on earth we would pay that back? Player sales wouldn’t get near that figure?
— Everything BCFC #TTAOUT (@everythingbcfc) January 7, 2020
The only way they would get most of that money back would be seeing us get into the premier league 😩
— Boomer350 (@Stuartw89981068) January 7, 2020
Depressing. It'll take nothing short of a miracle to reverse this situation. We're heading for oblivion.
— DB (@DB20Something) January 7, 2020
We seem to be in a hole we can’t get out of ,this must be the norm now for a lot of clubs
— Robert Smith (@RobertS37197470) January 7, 2020
That’s it game over
— Tom (@Tom12956152) January 7, 2020
So its promotion or god knows what, its a real concern they're never going to write that amount of but then how long can they afford to run the club it depressing
— Phil Hyde (@PhilHyde9) January 7, 2020
Do you fear that another points deduction is coming?
It just can’t get any worse can it?