Often Partisan

Que Sera Sera

The international weekend is upon us and it’s now just under a fortnight until Blues play again. No doubt attention will turn to the fragrant harbours of Hong Kong with a ruling due in Carson Yeung’s long running trial tomorrow and with the potential of an announcement into the continued funding of Birmingham International Holdings on Friday and there is a feeling that this week could be pivotal for the future of the club.

As much as some have thought that things will become clearer by next weekend I have to admit my personal scepticism that this is the case. I’m now almost one hundred percent sure the announcement from last week about new investment in the holding company that requires shareholder approval will be something like a convertible note issue, whereby someone will lend money to the company with the collateral being a stake in it, which will be converted once the company is relisted. That would require shareholder approval if it is above a certain level as it would dilute other shareholders’ stakes. We’ve seen something like this before when Yang Yuezhou set up a deal to loan the company money – a deal that in the end never came through.

If this is indeed the case I personally would count on two things; the first being that the investment has come from someone who is purely interested in making money and not interested in the football club and the second being that the money that comes in from the investment will not make it to the football club. Of course, I could easily be wrong on both counts but I think it’s a prudent course of action to expect the worst and hope for the best. I would also confess that a small part of me thinks that we might not even see the hoped for announcement of new investment on Friday.

The other thing that will definitely happen this week is the ruling on Carson’s case that I discussed yesterday. As the case is sub judice I can’t really talk about which way I think will go; however once the ruling is made I think we will have a clearer idea one way or the other how much longer the case will progress and I think that BIH will have to make its decisions as to its immediate future based on that decision.

From a club perspective it’s difficult to tell how much it will affect things here in Birmingham. The one concern I have is that if someone does take a decent stake in BIH is that it might mean there is someone else to deal with if someone wants to buy the club; another variable into the negotiating pot – and that doesn’t fill me with any sense of joy at all. Paladini spent months negotiating with Pannu with the apparent end result being that his bid wasn’t even declined but ignored by BIH – the more people involved in the sale of the club the harder it’s going to be which isn’t good for anyone.

As the song goes, que sera sera. We can only wait and see what happens this week and take it from there.

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63 Responses to “Que Sera Sera”

  • Michael f Mooney says:

    We need closure, for gods sake

  • Oldbluenose says:

    Almajir;, Just like you, I fear the worst, [ I am normally an optimist ], Possibly another layer on top of a mult-layer already, — God help us, !!.

    IF Carson is found against next week, Does that change any dinamics at all, ??????.

  • The Francis Fake says:

    One concern that any new investor would want is certainty that CY could not draw funds from his credit directors loan account once new monies are invested. It is quite frequently a pre-requisite for an investor to demand that the a Director/s should convert their Directors loan into shares prior to investing. Almajir do you believe this is possibly what is going on here?

  • zxcv says:

    There must be the possibility that the judges decision tomorrow could change what happens on Friday, If tomorrow doesn’t change what happens Friday then I think I disagree with you and it wont be just a loan, I think CY will sell 25% of his holding until he can get BHL relisted with a clause to sell the rest after relisting.

  • Ryan Foley says:

    Al, hopefully we could get some good news! Al, just a quick question how long could this whole process take? and how long do you think it will take until we can all sit down and say thank god all that is done!

  • Gary says:

    Hate it when the league is cancelled for pointless friendlies it’s boring just like what’s happening at blues with the trial and the sale of the club it’s just dragged on way to long and become boring.

  • John says:

    The only certain issue to come out of this whole sorry saga,is that we cannot trust or believe, anything that Yeung and his cronies say. Maybe it is a the way life goes on in the far east and who’s to say we don’t have devious characters,here in the west, but the way Paladini was treated,was disgraceful. Now i don’t know, if Paladini would be good for our club or not, what i do know is,if someone asks a question,they should receive the curtesy, of a reply. For all our sakes,i hope that if and when,the club is sold,it is not sold to a far east group. The owners of B.C.F.C. have sullied the the general perception of how a football club should be run and looked after. The most important people at any football club, are it’s supporters,without them,the club is nothing. These people,have treated us with utter contempt. Sure we won a major competion,with them in charge,but that should have been the start,the foundation,of a good future. Unfortunately,their total incompetence has brought this club of ours,to it’s knees. If they were decent and honurable,they would relinquish their hold on the club and let us move on. This,i fear, will take some time.

  • Agent McLeish says:

    I think that a final resolution to CYs case will be a contender to take this record http://www.bbc.co.uk/news/world-asia-india-21446272

  • Pete says:

    On the plus side….. Lee Novak played well at the weekend!

  • StaffsBlue says:

    I think it’s safe to say, that unless, either, Carson Yeung gets off and his assets thawed out, or the club is sold… nothing is going to change for us as a club.

    Everything between those two things is just stuff.

  • StevieW says:

    I think any money coming into BIHL will get nowhere near Blues and as for the hope of this being the start of a sale then I doubt that to.

    I have an opinion of CY now that he likes to be in the limelight so to speak. and this was triggered from Dan.s chat with him when he asked about being in the press also the way the evidence of his loan being repaid coming to light seems a bit sensationalist almost like the whole case was being built up to raise the curtain on this “Told you so” piece of evidence. Add to that he did lend into a film and I see a hairdresser come wannabe film star living the dream in a weird way.

  • Chris W says:

    I can’t see the point of International breaks for friendlies, the FA are already worried about fixture backlogs should we have a harsh winter. With the world cup next year are looking to have the players fresh.
    Blues, along with all the other clubs are looking for consistency, in four weeks since the last break has seen blues play 5 winning once, 2 draws, losing 2, now we have another 2 weeks before we can start again.
    As for the Carsongate, for the clubs benefit we need the judge to reject the stay and then CY to be found guilty, however, like you I feel for the worse and the judge to give a stay and then the long process of appeals.
    One question, if a stay is granted will this not force CY/BIHL to look for a buyer or will they just look for a benefactor to loan enough to relist on the HKSE?

  • Dove says:

    It will be interesting to see what it says about the loan restructuring / haircuts as that could be positive to BCFC.

  • TonyE says:

    I agree that any funding will remain in Hong Kong and not find its way anywhere near BCFC, after all they need the money to continue paying for the fantastic work they do out there LOL!

  • StaffsBlue says:

    I did post this in the other thread, but I may as well stick it here.

    As I’ve said before and, I’ll repeat, I have nothing against Carson Yeung himself. After all, as much as people dislike/hate him, he isn’t personally responsible (yet) for the sh1t we’re in at the moment. He’s still innocent until the courts decide otherwise.

    It’s the Hong Kong authorities, who have brought this case to court and subsequently frozen all his assets, that have caused us all this heartache.

    But, unless the judge actually throws the case out of court tomorrow… I think Carson should do the honourable thing and sell the club, before he drags us further into the murky waters of the HK legal system… and into trouble we can’t get out of.

    • Chris W says:

      Do you really think Carson Yeung even knows what honourable means, likewise our current situation has been bought about through the current court case, so until we reach a conclusion I will reserve judgement on CY.
      If found guilty then it will be all his fault we are in deep $*** financially, then yes he should have do the honourable thing, otherwise he should plough all the promised monies for the last two years, £80m if my memory serves me, £40m per summer transfer window and then sell the club.
      If he knows he is guilty and just playing the court and gambling with BCFC he should do the ancient Chinese disgrace and seppuku, Chinese equivalence to Hari Kari.
      KRO+DNM

  • AF says:

    Owners in it for the long term, rights issue and dilution of existing shareholding. I guess its the only way forward. However for the club to be nearing its former value it has to be in the promotion race with a chance of getting near the premiership. So funding for the playing side has to be a necessity too?

  • dave mann says:

    lets see what this week brings and take it from there. looking forward to seeing the ladies
    wednesday in the champions league, quater finals look on and thats great for our girls.
    on the yellow card for bartley, he knows the rules, leave the field off play without the
    referees permission and its a yellow card, having already been booked its is own fault
    and now he gets a one match ban……but he took is goals well so i will let him off.KRO.

    • StaffsBlue says:

      As I asked yesterday dave… where does the field of play end?

      At Chelsea, the pitch goes right up to the advertising boards… so Samuel Eto’o (and teammates) was able to physically hug the crowd. How can that not be worse than Bartley’s offence?

      • Big Bill says:

        I saw that at Chelsea, and I began to wonder.
        Eto’o WAS booked in that match, but I do not know if that was for the goal celebration (in which he was therefore treated the same as Bartley) OR for something else.
        IF it was for something else, then Eto’o too should have been sent off at some stage.

        And I was at Huddersfield and I thought the sending off was very harsh.

        • StaffsBlue says:

          Apparently, Eto’o was booked for that celebration. But again, it begs the question of what constitutes the field of play. Bartley stepped off the grass… but Eto’o couldn’t, because of the boards. But both were over the white lines celebrating, but Eto’o’s celebration was by far the more exuberant. I think that needs to be clarified.

  • Cbrccc says:

    Thanx OP for once again putting the kybosh on any hope I had of some good news on Friday .
    I hoped I might at least be able to feel optimistic until Thursday but no you are “in like Flynn”again with you gloomy predictions.
    Not you fault however as this is obviously based on your inside info which you yet again smugly keep to yourself.
    I find it hard to understand how you could possibly sympathise with CY ,as you did on a post the other day whilst answering Micky but I suppose even the Moors murderer had someone who believed he was innocent maybe it was his biographer.?
    If you really believe this man is victim a of circumstances and anything goos is coming to bcfc whilst this man is involved with the club you are either extemely naive or far to close for comfort.
    So which is it . ?

  • Bluenosesol says:

    Good news this week methinks, Palladinin will bail CY out in the short term, allow CY to get over short term court decisions and then take over the club once CY has the opportunity to put the final parachute dough on the table! Its my speculation but its as good as anyone elses :-) KRO

  • ...sappy sad says:

    ……….I think with all this doubt about wether carson or new investors or buyers will do in the next transfer window ,I think the fans should let carson know that they have showed loyalty to the club for over 2 years ,..now it is time that he showed loyalty to the club by making sure that no more star players thought to be an asset to the club now or in the future will be sold unless to improve the team in the January window in any agreement forth coming and that players will be brought in if possible

  • Anthony Hawkins says:

    IM SO TIRED OF THE WHOLE SAGA. THE FANS DESERVE BETTER. WHY IS IT THAT THIS ONLY EVER SEEMS TO HAPPEN TO US. WE NEVER HEAR OF OTHER CLUBS HAVING THIS HAPPEN.

  • ESONEULB says:

    The club is slowly been strangled to death.. i am preparing for the worst.. we may soon get to the end of our road… that is my fear… KRO

    • Chris W says:

      Though I think it will get worse I don’t think even CY will let it be the end of the road, we have been here before and survived, we will again
      KRO+DNM

  • dave mann says:

    that will never happen ESONEULB, yes we are being strangled, we might go into administration,
    but to the end off our road….. never in a million years mate so dont worry yourself on that one.
    rememder when the kumars took over and then left…. if i recal things were a lot worse then and
    we were at rock bottom….then sullivan, gold and brady came in and turned the club round…….
    …it will happen again so lets keep posetive.KRO.

    • StaffsBlue says:

      Weren’t we just an hour or two from going out of business when G/S/G bought us for around 3/4 of a million? We’d been in administration for a few months at the time too if I recall correctly.

  • Art Watson says:

    Dan,

    Reading between the lines I think you know that it’s more than likely the judge will favour the defence and details of a loan agreement to shore up the finances will be announced.I understand the sub judice constraints but your article although cleverly worded is preparing us for the worst.

    Like many I wait in anticipation for” breaking bad news “tomorrow and maybe Friday.

    • almajir says:

      Art

      You shouldn’t make assumptions because you could easily be wrong.

      • Bluenosesol says:

        Paladinin will save us!!

        • almajir says:

          A) it would help if you could spell his name right
          B) last info I have (and believe me, I wouldn’t doubt the source) is he’s currently pulled back from negotiations.

          • Bluenosesol says:

            I know how to spell his name, problem is my brain inserts the extra n for some psycho-neurological quirkism and at current screen magnification, I cant accurately determine what I have typed. For all I know, it could be the start of a dreaded age related illness. I blame being a Bluenose for 50 years!!

      • Art Watson says:

        Dan,

        Agreed but I doubt your comments about being 100 % certain about the loan is based on any assumption.As for the court case lets wait and see what happens tomorrow and I really do hope I’m wrong but I doubt it and I think you already know the likely outcome.

  • Tony says:

    Judge will deny stay trial will proceed

  • Blueboy88 says:

    Never had you down as a Doris Day man , Dan

    However a very apt title…

    Whatever will be, will be
    The future’s not ours, to see

  • mark says:

    With no maliace from this bluenose family wish carson all the best with court case……..please return us to our former glory………which we have sadly missed……….kro

  • BigmanSteve0 says:

    Al, information I have just received from an old pal in Kowloon is this whole saga is about to change dramatically with a new twist to the whole story, he has even gave two names of Asian business men & and the name of a large airline , he said it was common knowledge at the race track. Have you herd something similar along these lines?

  • ...sappy sad says:

    ………..could be air india to the rescue bigman steve then…..if we read between the airlines

  • Mario says:

    Carson will return have no doubt case thrown out Tuesday ! Refinance Friday our most successful ever owner will return for the January transfer window!! Welcome back mr yeung

  • Aussiebrum says:

    If there is a rights issue in the parent entity (BIHL) it will require shareholder approval.

    With Yeung controlling 26% of the vote, he will require the support of the other 74%. While we would expect that to follow – it may very well not do so. That too could force Yeungs hand.

  • kimbes says:

    isn’t this getting very close to what happened to Portsmouth with regard to having all players on loan and different people who have pumped money in as loans, Will be a nightmare when you want to sell.

  • Berkshire Blue says:

    RTHK and The Standard Hong Kong reporting that the Judge has turned down Carson’s appeal and the trial continues……

  • Art Watson says:

    Yes I have just read the report and I must say I’m really surprised but pleased with the outcome.

  • Cocka says:

    Administration = fresh start

  • Art Watson says:

    Not according to Dan-he says we have enough money to avoid administration for this season but this development could influence and change the current situation.

  • StevieW says:

    So if correct Carson has just learnt that even evidence in his defence isnt going to help him in this case.

    Does this give an indication on what the judges view is at the moment.


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