Often Partisan

Further Delays For Birmingham International Holdings Share Placement

Birmingham International Holdings today announced that there would be a further delay in circulating information to shareholders about the proposed share placement and convertible bonds.

The announcement confirms that the circular to shareholders will now not be released until on or before January 10.

This presents a huge problem for the holding company as it now almost certainly means a delay in the EGM to gain shareholder approval – which by extension puts the company at further risk of not being able to repay substantial debts that are to become due.

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63 Responses to “Further Delays For Birmingham International Holdings Share Placement”

  • blueb says:

    Glad to see the directors getting everything sorted out in a timely manner again. Sure do earn their corn! I sure will miss them if they ever leave.

  • StaffsBlue says:

    Over here in at St Andrews, the staff earn every penny they get… but I can’t see how anyone in Hong Kong can justify their wages. They’re leeches basically.

  • Chris W says:

    Delay! Delay! Delay! That is all we ever hear regarding BIHL, surely they realise they cannot function in such a haphazard system.
    Someone somewhere has to stand up and say enough is enough, you are inept and incapable of functioning as a business so “SELL UP NOW” Delay No More.
    KRO+DNM

  • Peter bates says:

    More delays what a shambles these people are who runs this company the whole thing seems like a big joke with out anyone laughing somebody out in hong kong make a stand and seek a vote of no confidence in the people running this company one last thing delay no more mr yeung sell sell sell our club I repeat delay no more

  • Oldbluenose says:

    It is a complete shambles, Please god, B,I,H. will fold therefor leaving us to be sold in an open market,

    • TBone says:

      Would you want the 10 point deduction now or at the start of next season?

      • Oldbluenose says:

        tBone mate;, If that question was posed to me, ?. I do NOT want Administration for the sake of our loyal and hard working back-room staff’s jobs, That would be a kick in the teeth too such hard working people who in reality run our club, !!.

      • StaffsBlue says:

        IF we were to incur a 10 point deduction, it would be better at the start of next season. That way, we’d have a whole season to make it up, whereas, if it were this season, although I still think we’d stay up (just,) it would be a struggle.

        • chris says:

          but next year the squad maybe weaker, no zigic, burke or even randolph and yet more loan players who may or not gel.

  • Art Watson says:

    Yet another panic decision reflecting the way BIH is managed.

    A complete shambles run by a group of incompetent people who are not fit to be linked to our great club.

  • RVH1T says:

    Administration beckons.

    • StaffsBlue says:

      I’ve always been on the ‘No Administration’ side of the fence, but now… I’m starting to get splinters in my ar$e balancing on the fence. I’m very close to toppling over the other side and saying “Sod it, go into admin and get rid of these incompetant clowns!” It looks like it’s the only way left.

      • Wearynose says:

        It is the only way. With regard to the staff, as with any player: no one is bigger than the club.

        • StaffsBlue says:

          That’s a given. But it would be very harsh on the staff after they’ve worked so hard to keep us going for the last 2 seasons. The only chink (excuse the pun) of light at the end of the tunnel, is that, hopefully, most of them would be successful in their applications to be re-hired.

      • Chris W says:

        I thought it would have been better to start the season with a 10 point deficit, then we would have a chance of playing catch up as Coventry have. I am the opposite now, though I want rid a.s.a.p. I think administration would be bad for these young guns giving their all for our club and ultimately us the supporters.
        If we can hold out financially till the summer, as those at the club seem to think we can, and see what CY has up his sleeve come his D day in court, He surely must have a plan B… Even the dumbest of the dumb would have…
        KRO+DNM

  • Mario says:

    It must be time for a boycott of the ground ? Ok it’s only season ticket holders who attend anyway but couldn’t the trust try and arrange a walk out or walk in after 10 minutes? The publicity might get back to Hong Kong?
    I admire lee Clark he is serving this club well and deserves to be applauded for his great effort these last 12 months

    • Sheldongaz says:

      I’m normally just a reader on here but I felt I had to comment on this. It’s been said time and time before, boycott this, stay away that. Who does it hurt? The people who are working so damn hard to keep our club going. No help from HK. It’s those guys and girls who will be hurt the most. The people in HK don’t care if people turn up or not. Especially if it’s the season ticket holders who, as you say, are the only ones who go. Their money has already been paid and spent by our board. All we as fans can do right now is get behind the team as much as we can. Like our song says “there will be joys and sorrows too” we had a joy it a top 10 finish and a cup win also the joy of playing in Europe. Something which our neighbours haven’t done for a while but right now, we are going through the deepest of sorrows. We just have to keep right on and know that we will be on the up again, let’s just hope it’s sooner rather than later! KRO – DNM

      • chris says:

        HK do care if we turn up or not, they must as gate money has crashed according to the Mail from £9.2 million to £4.2 million.

      • Mario says:

        A walk out after say 10 minutes just as a show to the media that at least we are trying something. The walk out would only be a couple of minutes then get back and sing our hearts out for a change! Most of the fans have already deserted at least those in the ground could show some one out there we don’t agree with the treatment of our club. I dunno just throwing something out there!!!

    • almajir says:

      Mario

      What’s stopping you from organising it?

      • Mario says:

        How would I organise it ? I just don’t know where to start. I don’t even know what would be best a walkout then come back in. A huge banner that the stewards would take away. What I do know is we are in trouble and only have twelve thousand fans left!!

        • almajir says:

          Mario

          That’s the point I’m making. So many people come out with these ideas (and this isn’t a dig at you) but no-one, NO ONE is prepared to follow it up. No one seems to have a clue how to organise anything and everyone is waiting for someone else to do it. Until some poor b*stard puts his head above the parapet and actually tries, nothing will happen. Simple as that.

          • Mario says:

            Then it’s nothing I’m afraid to say. We , or what’s left of us seem empty and void of ideas or leadership. There’s so few in the ground anyway it looks like a walk out!!!!
            The trust had a banner at Bournemouth I noticed…………. Just said join the trust! No mention of anything else. Sums us up I suppose. Kro

    • Chris W says:

      I can’t see what a boycott would achieve apart from lowering the morale of the team who are running through brick walls for the club and supporters. They may not be the most gifted with skill or talent, but work rate and effort cannot be faulted.
      Though I do feel something should be done, it must not affect the team or workers of St Andrews, a full page advertisement in the Hong Kong press, seems a logical bet, but would it get published or an open letter to BIHL board of directors, if 5,000 thousand letters suddenly fell through their letterboxes I think they might suspect we are not happy.
      KRO+DNM

  • AF says:

    OP – Perhaps CY’s big idea to get the shares re listed will not work/is being prevented by HK Stock exchange rules and administration for the holding company is closer than we all know?

  • dave mann says:

    the whole episode is pathetic, these bunch of clowns wouldnt get employed by Billy smart
    or any other circus around, on saturday i might take a guy fawkes life like of carson yeung
    and burn the bugger in the middle of the pitch, thars how bloody mad i am with this whole
    saga, delay, delay, delay, thats the only thing they know what to do by the looks of it.
    I said it the other day Dan that if we dont get over 20,000 for forest with cheap tickets
    and current form then we might as well shut up shop and all go home and reflect on the
    good old days…..but then it i xmas and some ” fans” cant afford it…..yeah right!!!! KRO.

    • Bluenosesol says:

      Forest have sold out their 3,650 tickets so guaranteed we will be drowned out again!

      • mark says:

        actually we did not do too badly 20.000 brummies i think some of the forest supporters were surprised to see how many did turn up.

  • dave mann says:

    Mario, about lee clark bang on he deserves the applause BUT theres no way i would walk
    out on my club like thousands of others have done and only attend when it suits them, i said
    yesterday carsons not listening and walking out on my team after 10 mins to make any sort
    of protest against that moron doesent wash with me….think of the players for god sake and
    the stick we would get of the media, they wouldnt support us theyed crucifiy us for letting
    down our club just like hes doing now…..no chance, not in a million years will i ever let down
    my club…NEVER!!!! KRO.

    • StaffsBlue says:

      You’re right dave. It’s Us vs Them. Us, being, the staff, the coaching staff, the players and the fans. We support the club, not the owners.

    • chris says:

      Dave, you wouldn’t be walking out on your team, it would be a protest (for me) at the start of a TV match (not every home match) with a near empty stadium that would be seen by this bunch of jokers in HK.
      It would be picked up by the media yes, around the world hopefully, but the focus would be why the fans felt this protest was needed and who it would be aimed at, i don’t believe any press would blame the fans.
      The fans at Coventry aren’t blamed for boycotting their club’s home games.
      At the moment we have fans who boycott and those that don’t and the gate income has been cut by £5 miilion whereas this would be a halfway house for both set of fans who could then walk into the ground and support the team in higher numbers than they do currently.

  • TonyE says:

    For running such a tight ship you have to admit Pannu earns every penny of his salary!!!

  • Paulo says:

    I agree with the comments regarding Lee Clark. There will be a good crowd on Saturday and we should show our appreciation by singing his name. I have my doubts about him but who else would want the job!
    As for BIH, they have long gone down the Pannu!!

    MERRY CHRISTMAS KRO !

  • dave mann says:

    your right paulo there should be a good crowd saturday, but when were saying around
    20,000 for forest at home is a good crowd that just shows how low and how pethetic
    our home attendancies are, brighton acerage 26,000+ we average 14,000 with a high
    of 18,000+ for watford first up, terrible…. and i wish ” fans” wouldnt use the hong kong
    fueys as an excuse not to go……go for your own sake and not go for carsons case,
    dont let him stop you going cuz you dont want to give him your money or you think your
    giving him your money….which you are not by the way!! KRO.

    • blueb says:

      “go for your own sake and not go for carsons case”. Dave if we all went for our own sake then i think the attendances might well be lower than they are now.

    • chris says:

      You are giving him your money, £1 million of it.
      Also according to Dan, BIHL took about £4 million this season out of the club towards their loans and the club can’t even admit there is a payment plan for this debt or are vague about it.
      So that is around £5 million that seems to have gone to HK in this financial account year ending June 13, plus the £5 million in lost gate reciepts and that £10 million equals the debt we made this season.

  • Richard acocks green says:

    It’s just one big mess I can’t see it getting any better this season. Feel sorry for those hardworking loyal staff at the club. Merry Christmas to you all and 3 points against forest will be nice!!

  • dave mann says:

    then those ” fans” who dont want to go for there own sake aernt supporters are they, its
    just slagging of the owners there interested in not getting behind the team when it counts,
    if they dont want to go cuz of there own sake then they can do one as far as ime concerened,
    its us or then and ime proud to say ime one of us…cheers blueb. KRO.

  • bluenoseb says:

    Just sounds like another nail in the coffin as to not geting the shares re-listed to me. As to another delay from BIHL is not surprising anymore and would be more surpirsed if they did ever meet their deadlines. Changing the subject dan are you flying back out there for when the verdict is due in febuary?

  • mark says:

    If fans want to boycott maybe have a go at birmingham library wanting to put caret and blue lights up………

  • phillip says:

    refering back to the original point of this message from O.P,,,,it make me wonder how this board made their money in the first place, they are so incompetant at running a company like B.I.H.

    I just hope the trial judge is taking notice of the shambolic way things are run by them, and how many different accountancy firms give “qualified” results out,,,not only Yeung needs to be put on trial regarding the running of B.I.H and where their money came from, it certainly wasnt from competancy in business affairs

    • bluenoseb says:

      But if the money has allegedly come from illegal sources or people their hardly going to come forward and admit to it when they already have a fall guy in place to take the blame are they.

      • StaffsBlue says:

        They’re all complete incompetents… unable to run a business and make a profit. My thoughts all along have been, how in God’s name have this lot managed to make money legitimately? One can only wonder/surmise.

  • Flakey says:

    I can’t wait for the game Saturday,I went to the Bournemouth game and I was so proud of the players,it may not of been one our of most fluent displays but another 3 points away from home,the way they defended the goal was reminisent of the Johnson/Dann days,putting their bodies on the line for the cause sometimes you have to win ugly,take a bow Mr Clark your doing a great job under dire circumstances.Get yourself down Stan’s against Forest and support YOUR team,forever Blue KRO DNM

  • Tony says:

    I Would gladly take the 10point deduction if it meant those pair of shisters lost everything,we could still stay up this season . Regarding the staff Julia would be safe she would be invaluable, as for admin assistants well it is a cruel world out there, and as has been said no one is bigger than the club.

    • chris says:

      13% of the staff have gone already, so all this garbage about not having a boycott so the staff keep their jobs is a fallacy.

      • mark says:

        Dan has mentioned upteen times it players salary, once relegation hit home you cut your cloth accordingly which is unfortunately what bcfc had to do, with the exception of ziggy wages, and few high earners still at the club slowly these will be removed at the end of their contract………..I for one is very positive whatever is to come our way…………….We have players who are on sensible wages imo…..young players bedded in for the long term of bcfc……………………..bcfc is preparing these young players correctly in my imo………….giving these young players the platform to step from academy to 1st team………..

        • mark says:

          if fans chose not to want to come and see blues that their problem stay home if it makes them happy……………the working order of bcfc is in working order……….. the season tickets already sold has laid the foundation to keep them going…………..funny when they reduced the tickets prices no-one was moaning then……………………I stand by what i said before calling all bluenoses are you happy to be out sung by forests fans because i certainly dont…………………….this is you opportunity to get behind the team………………………….kro

        • mark says:

          20.000 bluenoses thought so lol

  • sutton apex says:

    i fear admin looms !! – charging a tenner saturday isn’t a xmas gift, its a last ditch effort to get money in the club and see if lower prices work ie 2000 floaters pat £26 or 10,000 pay £10
    always said charge less and you will make more – easy maths !!

  • bluenoserob says:

    how many blues fans would happily loose their jobs for the good of BCFC? , sorry kids , no xmas prezzies this year , but at least things may get better at st andrews .only my opinion , but to say its a hard old world out there is out of order.

  • mark says:

    A boardroom coup is the sudden overthrow of the management or governing body of a corporation by an individual or small group of individuals, usually from within the company. could this be possible I know it’s been done before just a thought .

    • BhamCityJulian says:

      If there was a feeling that CY and PP had overstayed their welcome there’s enough shares to oust them both from the board and end PP’s service contract, leaving the new board to terminate the Asia Rays contract. I can think of a reason why they don’t and it’s nothing to do with their competence

  • BhamCityJulian says:

    Which some wealthy shareholders I just can’t see why they would go for Admin. I think they’ll continue cost minimisation, using player sales and parachute monies to fund working capital


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