The receivers of Birmingham City’s parent company BIHL have revealed that they are not thinking of selling the club.

BIHL went into receivership in February, citing a fractious boardroom as the need to call in the receivers, Ernst and Young. Several board members, including former City chairman Peter Pannu, have resigned from the BIHL board  however, Ernst and Young have repeatedly assured fans that there will be no change to the day-to-day running of the club.

The receivers are bring in new directors who have no affiliation with any member of the current or past board. Former owner and President Carson Yeung is in jail in China for tax offences and has divided BIHL. Ernst and Young said in a statement:

“The receivers would like to confirm they have not commenced any significant discussion or negotiation with any parties in relation to the sale of the shares and equity interests in BCFC. Disposal of interests in BCFC would be a last resort to the receivers.”

City are fourteenth in the Championship, 15 points clear of relegation, and face Huddersfield Town at St Andrews on Saturday.

 


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