Birmingham Owners Approached by Potential Buyer of Soccer Team
Birmingham City’s Hong Kong-based owners said they’ve been approached by a potential buyer of the English soccer team.
Birmingham International Holdings Ltd. said in a statement yesterday that an unidentified sports management company indicated on Jan. 23 and Jan. 31 it would be able to lead a group that would consider buying the club.
“The company’s lawyers are currently in contact with the interested party with the view to clarifying matters of this approach,” the statement read.
Birmingham City was relegated from the elite Premier League in May 2011, a month before its largest shareholder, Carson Yeung, was arrested in Hong Kong on five counts of money laundering. He denies wrongdoing, and in November won a delay of his trial until April 29.
Shares in Birmingham International Holdings Ltd. have been suspended from trading in Hong Kong since June 2011.
Birmingham is 16th in the second-tier Championship after 30 games, six points above the relegation zone.
To contact the reporter on this story: Bob Bensch in London at bbensch@bloomberg.net.
To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net
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