The financial accounts of Birmingham International Holdings have been approved, paving the pay for the club to be sold this summer.
Peter Pannu has spoken publicly to confirm this and the accounts in question were from 2011!
The Carson Yeung saga has weathered the club since 2007 when he first made an approach for the club and this news no doubt comes as welcome information to Blue-noses everywhere.
Pannu in a statement did remind us that the terms must be right for them, in other words don`t expect any old fee being thrown around, like we saw at Wolves in the Morgan takeover. The price seems to have to be one that is of value, I would estimate some kind of figure around £40 Million. If that is the case I imagine it is going to be a very slow sale.
There has been various bids for Birmingham City FC over the past two season`s but Pannu is adamant that there has been no formal offers for the club, just what to believe avoids all reason to be honest. It is in the interests of Pannu to deny any bids, however as there is no trust between the fans and the current regime, the owners are sitting ducks for unfavourable press releases from interested parties.
What do you value Blues at? does the figure have any effect of the club anyway?
I know a lot of Wolves supporters that do not like the £10 + promise deal which allowed Morgan to come in so cheaply (he chose where the investment went, badly).
What do you think then? Leave your responses below!
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