Birmingham City: Approach made by sports management company

Championship side Birmingham City have been approached by a sports management company representing a consortium interested in purchasing the club.

Birmingham International Holdings Limited (BIHL), the company that owns the club, said they were approached on 23 and 31 January by the unnamed group.

Turbulent times at Blues

  • June 2007 - Carson Yeung first attempts to take over Blues
  • Nov 2007 - Steve Bruce quits as manager and is replaced by Alex McLeish
  • Dec 2007 - Birmingham owners David Sullivan and David Gold cancel deal
  • May 2008 - Blues relegated from Premier League but Yeung announces intention to still become owner
  • May 2009 - Club is promoted back to top flight
  • August 2009 - New takeover bid from Yeung
  • Autumn 2009 - Yeung passes Premier League's fit and proper person's test. Deal is approved by Stock Exchange
  • February 2011 - Birmingham win Carling Cup
  • May 2011 - Blues relegated and McLeish leaves for Aston Villa
  • June 2011 - Yeung first appears in court on money laundering charges
  • May 2012 - Blues announce they are seeking new investors on the day that they miss out on promotion
  • June 2012 - Blues manager Chris Hughton leaves for Norwich
  • July 2012 - Lee Clark appointed as manager
  • Sept 2012 - Peter Pannu appointed to run Blues' Hong Kong-based holding company and reported £25m takeover bid from Gianni Paladini rejected
  • Nov 2012 - Paladini claims a second bid of £30m has been rejected

Blues stated last May that they were seeking new investors.

Former QPR chairman Gianni Paladini has previously admitted his desire to lead a consortium to take over the club.

However it is unclear who the latest bidder is.

In a statement to the Hong Kong stock exchange, BIHL said: "The company has been formally approached on 23 January 2013 and 31 January 2013 by a sports management company, who has indicated that it will be able to lead a consortium which will consider the purchase of Birmingham City Football Club Plc, (the) company's subsidiary.

"The company's lawyers are currently in contact with the interested party with the view to clarifying matters of this approach."

Despite the club not officially being up for sale, Blues chairman Peter Pannu revealed last November that they were in talks with two parties interested in buying the club.

One of those parties was reported to be Paladini, who claimed to have had a £30m bid for the club rejected.

The club have failed to publish their financial figures for the past two years, while major shareholder Carson Yeung is awaiting trial in Hong Kong having been charged with money laundering.

In January, England international Jack Butland was sold to Stoke City after it was revealed that Blues were open to offers for any of their first-team players.

On the pitch, Birmingham, who reached the Championship play-offs last season, lie 16th in the league table and are just six points off the relegation zone.