xmas pressie from PP

In response to " whats happening with the sale and what if the club dont sell?"

Mr Pannu confirmed that there are or have been talks with three groups. He has confirmed that one party he had advanced talks with in Hong Kong (which the Mail has reported as being the Charles Chan/Shanghai Media Entertainment Group consortium) but they have “somewhat unexpectedly cooled off”; that there are talks ongoing with another big party in Hong Kong and that he has met with Paladini’s representatives but he has said those talks “haven’t been very eventful so far but also not dead yet.”
The Acting Chairman has also confirmed that with the auditors in both the UK and HK being changed, there have been much smoother and efficient publication of accounts, citing the publication of the year ending 2012 accounts. Whilst these haven’t been sent to Companies House I would infer that Mr Pannu is saying that Birmingham City have met the December 1 deadline for financial information to be supplied to the FL in line with new Financial Fair Play regulations.
Mr Pannu has also confirmed that if the club is not sold then
we need to ensure that we do not go in to administration by raising some funds and it maybe the case that further disposal [of players] (one or maybe two depending of revenue generated) will have to be made to maintain the cash flow.
This would seem to confirm that Blues will be selling players in the transfer window if there is no investment – as referenced by the Birmingham Mail today.
Mr Pannu affirmed that with the new auditors in place he was hoping that the overdue accounts would be published and potentially the holding company relisted by March 2013. If this was achieved the parent company could then source other avenues of investment for the football club via share options and rights issues, etc.
In his last paragraph, Mr Pannu said
As fans, including myself, we need to ask ourselves as to why our team seem to play better away (not results but general play) than at home. It is their fear factor from us and the nature of the songs we sing at times. So time for self reflection there too. We just need to consistently support them. Attendances are gradually recovering but again can be better. The least we can do is to pack the stadium and persevere in our die hard support.
It’s my understanding that the club will publish a full statement from Mr Pannu via official channels, potentially around the New Year.

JayKaye wrote:In response to " whats happening with the sale and what if the club dont sell?"

Mr Pannu confirmed that there are or have been talks with three groups. He has confirmed that one party he had advanced talks with in Hong Kong (which the Mail has reported as being the Charles Chan/Shanghai Media Entertainment Group consortium) but they have “somewhat unexpectedly cooled off”; that there are talks ongoing with another big party in Hong Kong and that he has met with Paladini’s representatives but he has said those talks “haven’t been very eventful so far but also not dead yet.”
The Acting Chairman has also confirmed that with the auditors in both the UK and HK being changed, there have been much smoother and efficient publication of accounts, citing the publication of the year ending 2012 accounts. Whilst these haven’t been sent to Companies House I would infer that Mr Pannu is saying that Birmingham City have met the December 1 deadline for financial information to be supplied to the FL in line with new Financial Fair Play regulations.
Mr Pannu has also confirmed that if the club is not sold then
we need to ensure that we do not go in to administration by raising some funds and it maybe the case that further disposal [of players] (one or maybe two depending of revenue generated) will have to be made to maintain the cash flow.
This would seem to confirm that Blues will be selling players in the transfer window if there is no investment – as referenced by the Birmingham Mail today.
Mr Pannu affirmed that with the new auditors in place he was hoping that the overdue accounts would be published and potentially the holding company relisted by March 2013. If this was achieved the parent company could then source other avenues of investment for the football club via share options and rights issues, etc.
In his last paragraph, Mr Pannu said
As fans, including myself, we need to ask ourselves as to why our team seem to play better away (not results but general play) than at home. It is their fear factor from us and the nature of the songs we sing at times. So time for self reflection there too. We just need to consistently support them. Attendances are gradually recovering but again can be better. The least we can do is to pack the stadium and persevere in our die hard support.
It’s my understanding that the club will publish a full statement from Mr Pannu via official channels, potentially around the New Year.

Peter Fanny

I dont take any notice anymore tbh.

What will be will be.

Will always be a BCFC, was before the Chinese and will be after the Chinese.