Vital Football

Latest Birmingham City News

Bank Warns Blues

Bank Warns Blues

Investment bank Seymour Pierce has issued a warning to Birmingham City that they will take over the club unless the £2.2million owed to them by the current owners is paid before the end of May.

The bank claimed to be owed the amount from Carson Yeung for groundwork done on behalf of Yeung when he first became involved in the purchase of the club.

Lawyers working for the bank won a court order requiring Yeung to pay the amount by Monday, but the sum remains outstanding.

Acting on behalf of Seymour Pierce, Neil Bennett told Sky Sports News: 'Seymour Pierce can take a charge over the shares of Birmingham City and do what they need to do with them to recover the money it is owed, so that means they could potentially sell them to another owner.'


Vital Birmingham Twitter >> Click Here

Vital Birmingham Facebook >> Click Here



Click here to join in the debate on the club forum.

Writer:Foxxy
Date:Thursday April 15 2010
Time: 3:45PM

Login to post a comment

Recent Birmingham City Articles

Opinion: Time for Blues to step up their interest in striker

Luke Turner believes it's time for Blues to go all out to sign Jordan Hugill...

Blues should consider £10m raid for Bournemouth trio

Vital Birmingham editor Tom Heslop discusses three players he thinks Harry Redknapp should target in a bumper £10 million deal this summer

Middlesbrough set to submit fresh bid for Blues defender

Middlesbrough are ready to come back with an improved offer for Ryan Shotton...

AFCON Boost For League Sides From 2019

Changes to the African Cup of Nations have provided Premier League teams with a boost from the season of 2018/19.

Archived Vital Birmingham Articles

Vital Birmingham articles from

Site Journalists

Tom Heslop
Editor email
Profile
Christopher Handy
no email
Profile
Saskia Bowes
no email
Profile
Rob Wildey
no email
Profile
Luke Turner
no email
Profile

Current Poll (see more polls)

Where will Blues finish next season?
Suggested By:
Top 216%
Top 646%
7th - 14th28%
15th - 21st4%
Bottom 36%
ScoopDragon Publishing Entire League Network of Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Birmingham City Results (view all)

Birmingham City Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Le Hane76
2.WayCoolBlue37
3.David Village31
4.Ohio28
5.gazal16
6.cropped6
7.mickoblue3
8.Plynch2
9.Flakey2
10.Stevendp1
Vital Football Comment