Concerns about the future of Birmingham City have eased after it was announced that the club had settled a £2.2m debt with investment bank Seymour Pierce. If the payment had not been made, there was a risk that the club could be sold from under the current owners. Seymour Pierce just wanted money they saw as theirs, although Birmingham City are to appeal against the court decision.
Concerns about the future of Birmingham City have eased after it was announced that the club had settled a £2.2m debt with investment bank Seymour Pierce. If the payment had not been made, there was a risk that the club could be sold from under the current owners. Seymour Pierce just wanted money they saw as theirs, although Birmingham City are to appeal against the court decision.
Although the amount involved was described as “petty cash”, Birmingham owner Hong Kong-based businessman Carson Yeung is far from happy about the whole matter or the current outcome. He takes exception to paying so much when he bought the club last October with the help of another bank