The Birmingham City Supporters’ Trust has been set up as a non-profit organisation with the intention to ‘secure representation and influence’ within the club.
“We are just a group of fans who love the Blues and want to have more influence in the way our club is run, Whilst we believe that the Blues board, Chairman and employees should be allowed to run the club without interference, we also believe that as temporary custodians of the club they have a responsibility to engage with fans in an equal, mutually beneficial partnership."
“Our aim is simple: to build a bridge between the supporters and owners of BCFC to push the club forward on and off the pitch.”
Now registered with the Financial Services Authority, the Trust is welcoming members (£5 per annum for over 16s, juniors free).
Blues Trust has issued a statement in relation to the publication of Birmingham City's latest accounts for the period to 30th June 2012.
Following the publication of Birmingham City’s latest accounts yesterday, Blues Trust has sought expert advice in order to conduct a full analysis of the published results.
The accounts, released for the period to 30th June 2012, have again highlighted the parlous state the club finds itself in financially. The accounts also re-confirm many fans’ fears in that further players will need to be sold in order to maintain the future short term stability of the club............
Birmingham City FC released their accounts yesterday which showed a profit of £15.7million after player transfers. There was an operating loss of £3.988mil without transfers on a turnover of £39mil.
Having thought about it for a while, I have decided it would be better rather than to give an accountancy analysis which is complex and difficult for the layman to understand I will break down the figures to make it easier for people to see why Blues are in the difficulties that they are suffering......
Clark, the Birmingham manager, is already losing patience with the controversial midfielder and is keen to strike a deal with Sam Allardyce and cut his loan move short in January. Morrison, 19, joined the Championship club on loan in August but has frustrated Clark with his general attitude and alleged lack of commitment in training. The former Manchester United trainee has not been included in Birmingham’s first-team squad for the last three matches and has made only one start in the league. Clark cannot send the teenager back to West Ham until the transfer window reopens next year but will still require Allardyce’s permission to terminate the deal. If Allardyce refuses, Birmingham could have Morrison on their books until June. Morrison’s behaviour is also believed to have infuriated senior members of Birmingham’s squad. Morrison’s problems at St. Andrew’s are the latest in a long list of acrimonious episodes ever since he broke through United’s youth academy and was touted as one of the country’s most prodigious young talents.
IT is now a case of not if, but when Birmingham City FC is sold.
Peter Pannu is back in Hong Kong and in active talks with interested parties.
Pannu, the club and potential new owners are all bound by confidentiality agreements so there is no word from St Andrew’s or elsewhere about the developments.
And neither are the identities of potential new owners known. But is it understood there are at least three groups seriously keen, as well as Gianni Paladini’s consortium, who are still hovering on the scene.
Acting chairman defends decisions made to keep Birmingham City in business
‘‘Your attacks on owners and directors does not and will not help the sale of the club. Bear that in mind too as evidenced by the last minute refusal to come in by the last interested party.’’ What a ridiculas statement.
Birmingham City are in the black but players will still have to be sold
Player sales are still required to keep Birmingham City operating as a going concern.
The football club plc have published their accounts to the year end June 2012, encompassing Blues’ first season back in the Championship after relegation.
They showed a £15.7 million profit due to player sales and a huge reduction in turnover, down from £61.4 million of Premier League level to £39 million.
And Blues’ operating loss for 2012 was £4 million.
The sale of the likes of Roger Johnson, Craig Gardner, Scott Dann, Cameron Jerome, Barry Ferguson, Liam Ridgewell and Jean Beausejour ensured the healthy profit.
And Blues slashed their wage bill from £45 million to £25 million as other high earners like Kevin Phillips, Lee Bowyer, Martin Jiranek and Sebastian Larsson were released and loaned players Obafemi Martins, David Bentley, Aleksandr Hleb and Matt Derbyshire were not re-engaged.
But it doesn’t mean Blues are out of the financial woods yet – far from it......
Birmingham International Holdings have announced in the last hour that two parties have signed non-disclosure agreements to explore the possibility of buying Birmingham City FC.
The announcement, which was signed by BIH CEO Peter Pannu states that the parties have been furnished with due diligence information and that as yet no binding agreements have been entered into.
This is the first concrete announcement from the holding company that the club is anywhere near close to a sale and represents a hope that something can happen in the next few months. Any sale would require shareholder approval and would need a further announcement to the stock exchange.
Blues have signed West Bromwich Albion right-back James Hurst on a one-month youth loan deal.
The 20-year-old defender will further boost Lee Clark's injury-hit defensive ranks and is included in the travelling party for tomorrow's npower Championship fixture at Cardiff City.
Sutton Coldfield-born Hurst came through the ranks at the Baggies before joining Portsmouth in 2008. After a loan spell with Icelandic outfit IBV, Hurst left Pompey to rejoin West Brom in the summer of 2010.
The England youth international, capped up to under-20 level, has since enjoyed loan spells at Blackpool, Shrewsbury Town and Chesterfield, helping the latter win the Johnstone's Paint Trophy at Wembley last season.