Often Partisan

New Chapter

Shares in Birmingham International Holdings resumed trading this morning at 9am local time on the Hong Kong Stock Exchange. A busy day saw nearly 1.3billion shares traded as the share price expectedly fell to HK$0.10.

I think everyone else must be getting as fatigued with all this financial stuff as I am and as such I promise that (breaking serious news excepted) this si the last I’m going to talk about it for a while. The relisting of the shares marks the end of a long chapter in the holding company’s history which started with the arrest of Carson Yeung and in some ways it was inevitable it would come to a close around the time of the verdict in his trial.

As of the time of writing (9:30GMT) there has been no filings made to the stock exchange showing any large single movements of shares. Although those filings could of course be delayed in being uploaded it shows at this moment in time that despite nearly a third of the total shares (without the new placing shares) being traded – half of the ones in public hands – it’s all smaller investors buying and selling shares. It’s not hard to make the jump to wondering if it’s smaller investors looking to bail on their stock after a long suspension.

So what now? Attention turns to the football field and to Blues’ game tomorrow against Charlton Athletic – a tough bottom of the table clash that Blues need to try to get points out of to keep themselves away from the bottom three. I understand that the protest banners that were present at the Derby County game will be making their way to south-east London. Despite Carson stepping down from his roles at BIH and BCFC he very much is still the largest shareholder in the company and he was the centre of attention for the press at the EGM. For me, nothing has changed – the club still needs to be sold and it worries me a little more that the new board is even more faceless than the old one.

I said on Monday that I think the thing we have to do as fans now is to get behind the team. With the shares being relisted BIH is now in better shape and as BCFC is their major (if not only) asset they’re not going to let it go under. As much as people have called online for a total boycott of the club it’s never going to happen so I think people need to accept that a boycott isn’t going to work and that they’d be better off supporting their team if not the owners. I think the banners provided a focal point for the fans last weekend and I’m intrigued to see if they will be met with the same sort of positive reaction by the hardcore away support as they were by the home crowd last Saturday.

With shares now being relisted it is possible for people to buy a stake in the holding company (and by extension then the football club) . I don’t want to offer any kind of investment advice but I will be publishing in the next few days how people can go about that if they wish – if any bluenoses reading this site works for a brokers that wants to help assist people then please get in touch. As has been the case for a long time, we’ll have to wait and see what the future holds; the departure of Carson from the board wasn’t necessarily the end of an era but it was the end of a chapter of it.

Tags: , ,

158 Responses to “New Chapter”

  • thongs says:

    I’m not going to Charlton, i’ll be having a country walk with Sue, a glass of red in a canalside pub followed by a massage and a deep bath.

    But to those who are going have fun, I certainly will be.

  • Mickey07 says:

    “More faceless than the old board”??that sounds great…..genuine question like, do you know if any of them on the board actually have an interest in football?

    • almajir says:

      I don’t know mate.

      • Paul R says:

        more to the point, is there anyone on the BIHL board that isn’t family or friends to carson, carson maybe gone on paper but he is still very much there which isn’t to good, the only positive I can see is that when they get re-listed on the hong kong phooey stock exchange is that they have no reason not to be bringing in some money! PS second paragraph si “is” the wrong way around.

  • chas says:

    Thanks for all your input, Daniel. It has kept interest high whilst we have all been waiting for some sort of news. It has been appreciated.

  • Jaffa says:

    I still don’t things will change much untill the verdict of the court case.

    • almajir says:

      I don’t think things will change much after it unless a fuss is kicked up.

      • Mickey07 says:

        And what channels should we go down to kick up a fuss and make it hard as we possibly can for them??

      • Mario says:

        If Carson is convicted he can’t be a fit and proper person to run the club. Although he has stepped down he is a major shareholder and if it can be proved that his relatives are now put in charge the football league can rule he is still running the club and act accordingly. I shall be writing to them as soon as he is convicted if indeed he is!

  • WalmleySteve says:

    Am I right in saying that following the expected fall in the share price, the market cap of BIHL is now less than the £32m BIHL/Yeung apparently want for the club? Still, given Mr Yeung’s much-vaunted clairvoyant skills, one assumes that he knows that someone will pay his ridiculous price at some point in the future.

  • James says:

    I think it’s time we all took a step back and applauded PP for presiding over a 34% drop in the value of the club over the last couple if years. No wonder he receives a handsome salary. Great work. If he can accelerate his good work over the next few months, I maybe able to buy the club myself.

  • the badger says:

    The Chinese have a problem generally getting their companies listed, 85% fail. So any listed company is quite attractive to the Chinese as a vehicle to grow a business. I think we are safe now from administration.

  • The Francis Fake says:

    I think its great news that the shares are re-listed and that the re-structuring of the finances can now be completed. CY’s debt to Blues is written off and that is a great bonus. Since CY’s asset freeze and the de-listing of the shares there has been no real chance of change and I genuinely believe things will be better financially for the club whether or not CY is convicted. I don’t think the clubs fate is dependent anymore on CY’s personal situation and that hasn’t been the case for years. think BCFC’s financial position is much better when compared to Leeds for instance. I believe we are an attractive proposition and lets hope either the new situation leads to a takeover at at worst the new investors provide LC with more financial resources than he has had thus far. I

  • dave mann says:

    a win at charlton tomorrow to open up a 9 point gap from the bottom three is all ime thinking
    about at the momment and takes main priority over issues involving the hong kong rabble,
    also Jaffa the court case verdict of guilty or not guilty will make no diffrence what so ever
    to the way things are now unless someone offers him 32 million and sells the club lock ,
    stock and barrell until that day were struggle on and stand still or go down to league one,
    thats the way it is!!! KRO.

  • I.Roth says:

    So does this mean the shares are worth about one p per share. The company must be practically worthless. What is the capitalization of The company? Fifty million or a hundred million pence is worth a few hundred thousand pounds for the entire company. What a fall.
    The fans could come up with that. I would buy shares at that price.

  • Chris W says:

    I suppose on a positive note the shares re-listed has to be seen as a positive and puts BCFC in the shop window with better prospects, the asking price is still way too high, but at least we are in there again.
    CY is not going to sell, this has been made obvious for some time, putting family members on the board also strengthens this fact.
    Not knowing much about shares and the stock markets, a friend has said that due to the shares being stagnant for so long you will get people buying but more cashing in so they will go down, it will probably take a couple of days before they show any consistency or levelling out and maybe even longer before any increases are seen.
    As I said I know less than nothing about stocks and shares and my friend knows a little.
    It maybe the end of the season before BCFC see any real change, however, I dare say Dan will highlight anything that is important on this front as he always does.
    Charlton should be interesting with the banners as I should imagine that BCFC and the police will be extra vigilant and will have pre-warned Charlton FC.
    To have any success it must remain peaceful and there must be NO racist chants, the protests have started now let it be a success, don’t bring the name of BCFC into disrepute or its supporters.
    KRO+DNM

  • Peter bates says:

    Lets all get behind the team from now keep up the protests that began last week against the people who have bought our club down and lets keep saying delay no more and sell our club just one other thing these financial wizards who have joined our board please tell carson yeung hes not going to get 32 million

  • Will says:

    Carefull pitch inspection for Saturday’s game is due

  • StevieW says:

    34% drop in price on a share that is almost worthless already is a bit damning but they are still there and next week who knows maybe there will be more positive activity.

    As for tomorrow Come On You Blue Boys.

  • Wingman Blue says:

    I think this is the beginning of the end of the Carson era. But what follows ? Are there any decent wannabe football club owners out there?

    • Steve Aerobic says:

      Wingman, I don’t understand how you see this as the begining of the end? Carson is probably in his strongest position for sone time, the club/company is trading on the HKSE again and they have publicly announced that they have no intention to sell…how does that indicate the beginning of the end? Am I missing something!? From a ley viewpoint it would seem that we must prey for an innocent verdict and the freeing up of CY assets for reinvesrment. Also there has been a lot said regarding the “springboard for new investment” comment, it is ridiculous to see that as a bad thing, the more the parent company earns the richer they get, why would that be bad? If we have to rely upon the club supporting itself in terms of commercial earnings and home gates god help us!

  • dave mann says:

    i see gary nevilles looking to invest in a club…. but then again ide stick with sky if i was him.KRO.

  • Blue SIteve says:

    If the trust can monitor the share price and buy a few shares then maybe as a share holder they will finally be listened to. It is basically the only opportunity for the supporters to have a voice.

  • DoctorD says:

    The relisting of shares is a major step forward for the club. I’m not saying we’re in a great position, but it was much worse being delisted for two and a half years.

    This is what Dan wrote at the time: “We may have reached the trough at the bottom of the big descent in the rollercoaster that is Blues.”

    Little did any of us know that the trough was going to last two and a half years. I’m not saying we’re in the sunny uplands, but there’s a slight incline upwards in our fortunes. The rollercoaster is edging a tiny bit up.

  • Smile_dav says:

    Definitely interested in getting some shares!

    KRO

  • Peter bates says:

    Dan thanks for keeping us informed on op havnt always agreed with you but it is clear we all want the best for bcfc and if cy pp or any of the others actually took notice of the lifeblood of the club ie the fans perhaps we would not be in the position we are now in but there egos are more important to them thanks again dan and kro even though we are all tired and weary

  • sappy sad says:

    hard luck thong the canal is over flowing .the pub is under
    two feet of water .and sue is a boy of that name…go and watch
    brum instead .you will be able to hold your head high enough
    to avoid drowning in your own tears ..besides the fun i have a
    feeling that the tide has turned and were smokin

  • Ali Duncan says:

    It will be nice to focus on the football again assuming the game goes ahead. From watching highlights of games at The Valley recently this news didn’t surprise me. Absolute joke of a pitch and I seem to remember it being awful last season too. Fingers crossed.

  • mark says:

    Daniel are you going to HK for the verdict on 28th???

  • mark says:

    it would be nice if the new chapter was waving the blues scarfs and showing our appreciation to our club and manager…………..kro

  • mark says:

    great that the re- listing has been achieved, and now BIH HAVE got their house in order, we now can dedicate our time to bcfc…………………………………….come on you blues……………………

  • mark says:

    great that the re- listing has been achieved, and now BIH HAVE got their house in order, we now can dedicate our time to bcfc…………………………………….come on you blues……………………

  • Kevin Kelly says:

    Daniel as ever great work keeping the fans bang up to date. With BIHL relisted and shares at a low ebb, is now the time for the Blues Trust to consider the organised purchase of a real stake in BCFC on behalf of the supporters. If we want to be seriously considered as a proactive Trust we need to buy into the Club and establish our Rights as meaningful share holders?

  • Weaponsguru says:

    ….so am I right in saying that if I was to buy (for example) approx. £12000 worth of shares, I’d have more than PP? (I think he’s only got around 1.5million shares?)
    If so, would they have to keep me involved in company plans / “comings and goings”?

    Now, I’m not saying I have either the money or inclination to buy that many shares, but it doesn’t seem like an awful lot of money to have “someone on the inside” – does it?

    Surely at less than 1p a share, it must be worth starting to buy a few if it could give any (albeit tiny) say or pre-public knowledge of what’s going on?

    • mike b says:

      hi all….the last time i said “it has got to be worth buying penny shares” it cost me £25,000………note shares can go up or down….

  • mark says:

    from reports of the BM carson has absolutely no intention requisitioning his shares for at least two years…………maybe he does want to return back to the promise land good on him………………….

    • Agent McLeish says:

      Mark………I’ve worked you out now. Nobody can……….possibly be as deluded as you. Therefore there are only two possible answers.
      1) You work for BIHL.
      2) You are a Villa fan.

      Bet I’m right on one of these ……points.
      PS
      You also have fetish for………….dots………

      • mark says:

        lets hope your prediction for Saturday is wrong Agent lol………because you are …

        wrong on both accounts………

        Just so we dont get each other wrong i will go with a blues win……does that make you feel better…..

        come on you blue boys………kro

  • Hong Kong bluenose says:

    I might buy some shares

  • Vern says:

    Daniel – Are you aware of any discussions by the supporters trust or anybody else about setting up an investment vehicle to buy shares?

    It isn’t the most complex of things to achieve and even with cautious assumptions it would be reasonably easy to obtain a fair significant chunk of the publicly traded shares available…

  • dave mann says:

    4-2-3-1 system against charlton and this is the team i would play not the team lee will play.
    randolph
    caddis, packwood, martin, hancox.
    adeyemi, huws.
    burke, novak, rusnak.
    mechada.
    biggest game of the season as far as opening up a gap to the bottom three,
    come on blues and KRO.

    • mark says:

      imo Dave wouldn’t disagree with that………….

      he might pick 451 love the away fans let hope we can make loads of noise with kro

    • tmsblues says:

      After all his praise for the Captain I would think Robbo would be in. and maybe Howard? It will be interesting to see who gets the left back role. The Utd kid, Bell, Hancox, or Robbo.. we’ve gone from famine to feast in that position. I agree with you Dave it should be Hancox which if that’s the case then Robbo might dislodge Martin from the back 4 which would also be an interesting selection choice !

    • StaffsBlue says:

      My offering, for what it’s worth;

      Randolph

      Caddis Packwood Martin Hancox

      Huws

      Burke Rusnak Howard Ferguson

      Macheda

      (4-1-4-1)

      Subs: Doyle, Robinson, Adeyemi, Reilly, Brown, Novak, Zigic.

      • Shirley Blue says:

        My team (and it definitely won’t be this for obvious reasons) is
        Randolph

        Caddis
        Packwood
        Robinson
        Hancox

        Burke
        Adeyemi
        Huws
        Rusnak

        Zigic
        Macheda

        • StaffsBlue says:

          Lee Clark is going to select players suited to the pitch today. He doesn’t think there will be too much football played against Charlton. Gonna be very heavy going I would think.. so you never know, Zigic might get a recall.

      • Sh!t on the villa says:

        id go with..

        ————-Macheda——————
        Ferguson——Rusnak—–Burke—-
        ——–Howard——-Huws————–
        -Hancox–Robinson–Packwood–Caddis—-
        —————Randolph—————

        Subs: Doyle, Novak, zigic, Brown, Adeyemi, Blackett, Martin

        Would like to see zigic on the bench and come on as part of a 4-4-2 in the last 20mins..

    • Chris W says:

      Not a bad selection Dave, surprised you have left out Robbo, though it is difficult to find a position for him.
      Howard had a good game against Derby and deserves his place over Adeyemi, who I feel is still not 100% fit, that may have changed with a weeks rest and training.
      It is a nice position to be in with more players than places, my one concern is still up front, with only two recognised strikers and Ziggy they only a handful of goals between them. It will be interesting to see if we go two up front with Novak and Macheda, or if we see Zigic return.
      KRO+DNM

  • dave mann says:

    he could go 4-2-3-1, 4-4-1-1 or 4-5-1 with those same players but as i said thats the team
    i would pick but lee will propably play robinson instead of martin, play blackettt at left back
    who i was not impreesed with last week, play howard instead of burke and leave macheda
    on the bench so as i said i will be supprised if he picks my side.DNM & KRO.

  • Thejudge says:

    Couldn’t all of this been done earlier to inject money into us or BIHL, or am I missing something?

    • Gaz says:

      The shares were not available under normal trading conditions since 2011 when BIH were delisted, mainly due to the accounts not being kept up to date.

      I know the majority want to see the back of the current regime, but if we turn the clock back to when we finished in the top half of the Prem and won the Cup there were no rumblings of discontent. We then had relegation at the hands of McLeish who couldn’t motivate a decent squad of players with a 10 point gap and 3 games in hand following the cup final. Had injuries to key players and was allowed to bring players in. The players he brought in were not good enough for the way he liked to play. Crucially he played a pathetic forward line who didn’t win a header all day in a 6 pointer at home to Fulham which we lost when only needing to draw. Jumped ship to the Vile.
      The current owners backed him with millions out of their own pockets, not gate money or sponsorships. They have lost a fortune trying to bring success to BCFC and to be honest I don’t think anyone out there with money will do the same. This is BCFC we are talking about so lets be grateful for what we have had and not worry about who owns the club as long as they Keep us Right On. Only too happy its wasn’t to the end of the road. If its still CY and he isn’t in prison I really do believe he will invest again, even if its just to raise the stakes and get some of his money back when he finds a buyer with more money than sense.

      That’s when we step into the unknown.

  • Richard Granfield says:

    No need to apologise for blogging about the the finances. It is the single most important factor concerning the football club.

  • I have passed your details on to David Gilbert @WH IRELAND & Co in Bennett’s Hill.
    He’s a respected STOCKBROKER.
    He bought me a large tranch of shares in BCFC when Gold &Sullivan owned our Club.
    David is a bluenose.
    He told me just that BIHL shares are not a good Investment at the moment

    • Richard Granfield says:

      According to the BBC the shares are trading at HKD 0.101 (£0.008). If they aren’t a good investment at this price, will they ever be a good investment?

  • steve says:

    Just listened to a bit of Pannu’s phone call to Tom Ross.He said that Carson knows the only way to repair his relation with the fans is to sell the club.And he is actively trying to do that.

  • Steve Aerobic says:

    Steve, the PP quote is ridiculous, firstly ,if he intends to move on then why is he worried about repairing relations with fans and secondly its like saying I am looking for someone to buy my house worth £100000 pounds for £250000 … it roughly equates to what Blues are worth and what he wants. He wont find a buyer willing to pay the asking price, yes he will sell but no one is daft enough to pay the asking price! Wake up guys!

  • bluenoserob says:

    £0.008 per share !!!, i just spent £2 on match attax for my daughter , i could have become a major shareholder instead.

    • steve says:

      Biggest fall on the HK stock market since 2006.

      • Art Watson says:

        No problem and don’t worry Captain PP is in charge of the good ship “Troubled Waters” and he will steer us into safety.His ship has been sinking for over two years now but having re floated the stock under his stewardship success is guaranteed.

        So have faith and feel privileged to have such a genius in charge .

        We salute you Captain PP.

  • bluenoserob says:

    come to think of it two packets of football cards was a better investment.

  • Gaz says:

    Just heard it. So apart from this stating the obvious for all to hear, could we interpret this as he knows he is hated by a section of supporters and the only option is to sell. His comment on Tuesday that he would invest more in Blues if he could to me is saying leave me alone and give me a chance if I don’t go to prison.
    I guess if anything is going to happen it will be now whilst the shares are at a low price, yet up to now none of these so called genuine investors/owners have made a move. I know its a game that has to be played well as once shares start to move the price is likely to go up in this type of situation.
    My guess is that nothing will happen until he gets the verdict on the 28th. But at least he has got his house in order in readiness.

  • Steve Aerobic says:

    I don’t think anything will change after the verdict either and as I said previously why would he want to repair his image with the fans if he is leaving anyway? I think the thing to hang onto is that we are his financial lifeline and it is in HIS interest to make us into a successful venture. I agree that he has prepared for the worst but hoping for the best. Take my word he is going nowhere!

    • steve says:

      Disagree.By cancelling his loan for shares,he stands to make a lot more by selling us than by owning a football club.

  • Steve Aerobic says:

    Yes Steve I agree but the point is how much he wants….it wont happen so it could be better to play the long game and have a shot at promotion thus getting the prem millions. No one will come and buy the club for more than £15m so its not worth even thinking about. Fans are fickle if investment comes in and results improve memories tend to fade.

  • ray says:

    Whilst it’s fun to read the comments and to know that so many people care,
    the fact is that it’s a case of “Que Sera Sera”. One day we’ll look back on all this and be glad it’s all over. In the meantime it’s “Keep right on” as ever. At least it’s more interesting than what is’nt happening over at those four sheds in Aston!

  • Gaz says:

    I agree. He doesn’t want to go and why should he take a massive loss, PP didn’t say he was actively trying to sell the club, he said CY knows that selling the club may be the only way he can repair his relationship with the fans. But if he pledged 40m in March everyone would love him, and he knows it. He pledged 30m when we were in the Prem and lots of people were asking where it, is, but it was spent on transfers, agents fees and wages. He was good to his word.

    I don’t think there is anyone out there with the sort of money we need to get back to the Prem so at the moment my shout would be for him to be found Not guilty. his assets have increased in value since 2011 when they were frozen and he gives it all to the Blues.
    Yeah!! more like some dreamer buys us on the cheap, invests nothing but takes revenue from the club to pay his loans and spends hours on end talking to the media in order to convince us there are no problems.

  • Steve Aerobic says:

    He wont sell it on the cheap.

  • Gaz says:

    Exactly, why should he? As long as it doesn’t go into administration. The problem is keeping it from administration when the expenditure exceeds the income which seems to be the case at the moment. Although his assets are frozen at the moment what happens if he is found guilty? Can his representatives regain control of these assets or would they be seized and disposed of to pay fines etc?

    I don’t think more than 7m will be raised with the new share issues and what will this be used for if we don’t find new owners and CY goes down unable to cash in on his assets.

    Maybe we should be campaigning to keep CY out of prison for now rather than campaigning to have him eradicated. OK who wants to do the banner for the Charlton game. CY is innocent!!!!

    • mark says:

      Well put gaz I am sure they will be fighting over who wants to do a CY innocent Banner……..

    • Enckelman says:

      You seem to be forgetting the reason why we haven’t gone into administration is due to selling our best players and leaving our squad thin and full of loanees.

      • mark says:

        unfortunate in life sh*t happen but as bluenoses it does not stop anyone from attending the stans…….
        Like clark mentioned to the new directors he blooded a lot of young players from our academy……..imo i believe Will Packwood if he gets a good run to the end of the season he will be worth a mint………All our young players will at one stage want to play at higher level…….but for me i hope that’s with us.

    • Chris W says:

      I can see it now “Free The Hong Kong One”
      KRO+DNM

  • Retired&Weary says:

    Just listened to PP. You may not like him, or what he had to do, but I can’t argue with much he had to say. The freezing of CY’s assets left the club in an impossible position; it’s amazing that it has survived. I’d love to know what else could have been done in the absence of another wealthy benefactor. Still the lynch mob are not in the mood to listen. I just hope that at least the racist stuff is stopped.

    • Chris W says:

      He could have sold the club or at least offered it for a reasonable price.
      He has at last stepped down, but this is in his and not the clubs favour and he has actually strengthened his position within the group. As long as his family live happily ever after and enjoy the fruits of BCFC he will continually be pulling the strings, even if found guilty.
      The leach who has been sucking all the blood (Money) from the club, Mr PP, is saying what he thinks we want to hear, IMO, he is looking after his interests and his alone.
      Until the new CEO or chairperson of BCFC take control and see him for what he really is PP will bleed us dry.
      I agree that we should not sick to racist chants or any form of violence if the protests are to be aired, keep it peaceful and loud and it will get heard in Hong Kong, we seem to have the support of the media over there at the moment, lets keep it that way.
      KRO+DNM

      • Steve Aerobic says:

        Chris, its easy for you to tell someone to give something away for a price that would incur a massive loss as its not you losing the money. Secondly the new Chairman IS in place.

        • Chris W says:

          I’m not telling him, maybe I should have put “realistic”, he in never going to get the money he paid or his consortium.
          The new Chairperson is in place and we shall have to see what that brings, is he his own man or just and extension of Carson Yeung?
          KRO+DNM

    • Art Watson says:

      He could have taken a pay cut….retired and weary!

  • hi, well everybody is talking the club down , fear facteurs are prevelant, we could analize all thats been said on these forums and find later no one was near to the reality, these things do not pann out like they should, and I think there is a big supprise for every one lurking in the dark , clue
    hotkich

  • Tony says:

    What would happen if god forbid something happened to CY

  • Gaz says:

    Lets get him insured.

    Isn’t that Hot Chick in Chinese?

  • zuludave says:

    Hi Dan, how much would it cost to buy a controlling interest in the club as of close of business today?

  • steve says:

    I wonder what Redmond and especially Butland will have to say about Pannu saying they wanted to leave ?

  • Gaz says:

    We got a good price and they got a good contract so I doubt they care what anyone is supposed to have said Steve. Its a shame they had to be sold just to pay one players wages.

    • steve says:

      It’s another lie though Gaz.Especially Butland.

    • Enckelman says:

      Good price??? They were both sold for next to nothing.

      • mark says:

        it depend what you amount to nothing……myself at the time if he had stayed Nathan i thought he was worth between 8-10mil only if he was to continue fulfilling his development at blues………. same goes with butland maybe 5 mil…. unfortunately for blues where was not enough clubs involved to sky the prices anymore, so beggars cannot be chooser…..imo pp eye popping statement should be taken tongue in cheek unless one of the bigger clubs came in for our two youngsters.
        tbh not really sure Nathan missing us, but butland is his own man in his wisdom he thought he be stoke number 1 but since then sadly gone all wrong for him….sadly forbay sitting in fulham in their u17?/ when he could have been playing for us, but the silly sod chose the money route.
        it will be very interesting to see how they operate when Man city come calling for brown?/

        • Enckelman says:

          obviously nothing is a exaggeration, but we sold them well below their value. and yes beggars can’t be choosers but what is the reason why are begging for teams to buy our best young players? because our club is currently a financial mess under and thanls to carsons and bihl regime. don’t forget the reason why we have become beggars.

          • chas says:

            What was their value tho ? As I said yesterday, Tom Ince was being mooted at £14m but what has he gone for ? It isn’t up to us to put a value on the Players, that is up to the buying and selling Clubs. We got what Redmond was worth at that time, we didn’t have time to wait till he reached his top value.

          • Steve Aerobic says:

            The value of something is agreed between 2 parties a buyer and a seller if either does not agree then a deal is not struck….simple!

        • Enckelman says:

          If the club was financially stable I have no doubt redmond, butland and mutch will still be blues players to this day. It looked like We’ve had a great generation of future english players including brown but we can forget about all that now due the financial mess, and I can’t see us getting a batch of great future players like that again for a very very long time.

          • mark says:

            Sorry but I disagree with your point hancox, brown, packwood,lee,koby,bell,trulove,reilly,higgins,aswante……more still to come through…..

          • StaffsBlue says:

            I think so too. If we can keep these players at the club, they could form the backbone of the team in the future. As for players leaving, I believe both Mutch and Redmond wanted to leave. Not sure about Butland though, I think he wishes he was still here.

    • mr_crosby says:

      It’s a pity that one players wages weren’t more we might have gone into admin before now.

      • mark says:

        Been bitter wont get you anywhere…..eventually carson will move on but unfortuate not on your say so.

      • Royalblue says:

        Got be worst comment I’ve ever seen on here mr crosby

        • mr_crosby says:

          With admin comes a fresh start, your happy to carry on the way we are indefinitely?

          • Royalblue says:

            With admin comes job losses and points deduction.
            In case you hadn’t noticed there are a few things happening.

          • mr_crosby says:

            We are in a relegation fight this year. What do you think will happen next year if we aren’t sold?

          • Chris W says:

            I think we can safely say that Administration is averted, at least for this season.
            Our main target now has to be to get as many points and avoid relegation.
            Administration would have been the worse case scenario at the start of the season and given us a chance to play catch up with the points deduction, with the current points tally we would still be second bottom only on goals difference.
            But, we may not have attracted some of the loans who have already helped our cause.
            Come May we may have a whole new ball to play with, Investment might be forthcoming, Yeung will no his verdict and may have taken appropriate action, which may or not include possibly selling.
            The main concern now is for Blues fans to unite behind the team, especially at home, and become the twelfth man and stop all this negativity.
            Continue with the protests but stop the racist chanting and Keep Right ON.
            KRO+DNM

          • mark says:

            and possible new investment?? obviously you ruled that out already no surprise there i suppose…

          • mr_crosby says:

            Why should we get new investment now. Who would invest in a company that is worth hardly anything with no prospects?
            You’ve been listening to PP again Mark and you’ve fell for the same line he’s been spinning for years. When are you going to wake up, the only reason he’s come out of the woodwork again is because of the DNM protest that happened at the last home game. He’s been shamed into it.

          • mark says:

            there is your prove there will be no investment?/ Everything at BIHL IS IN ORDER. The administration argument gone straight out the window and so has the points deduction …….which some fans held this close to their chest hoping AND PRAYING this would happen vanished…….bye

            If Carson is found guilty on 28th maybe that make you happy and others…… Again nothing will change unless….. i let you fill in the gaps.
            As pp been shamed afraid not, if you think so that’s your opinion you definately not affected his bank balance…. and his beloved club.
            As for waking up i am still the same bluenose now, and still 40 odd years on….kro

          • mr_crosby says:

            I couldn’t care less what happens to Carson. I care about the club I’ve supported for over 40 years. I hate to watch it go down the pan as history repeats itself again. People in charge care nothing about it only what they can make out of them. I care about what’s going to happen in the future when we sell the next batch of promising youngsters we get through and what happens when we can’t produce anymore.
            You heard the interview, let’s put the same logical point that’s leveled about our highest earning player. When zigic’s contract expires will he be signed again, Not a chance. Will PP sign a new contract again when his expires?
            All the financial problems that we face, who’s fault is that?

  • DoctorD says:

    This graph of the BIHL share price is interesting if you look over 5 years. At one point they were worth oooo HK$0.50.

    http://uk.finance.yahoo.com/echarts?s=2309.HK#symbol=2309.HK;range=5y

  • brainchildblue says:

    No one here has the decency or the graciousness to admit Pannu did a great job to save the group and solve all the problems and have the parent company re listed. .

    great job pannu. Thanks

    you radio interview with Tom Ross was very honest and clear and you deserve a lot of credit

  • Enckelman says:

    chas, the selling club usually decides the value of a player, but since we were desperate for the money we had to sell them well under their actual value, and come on Mark the only reason those players you mentioned are playing is because we have no choice yes they have done well under the circumstances but mutch redmond brown butland are in a class above compared to them. steve aerobic, do you really think we had the luxury of rejecting a transfer bid if we thought it was too low? no chance.

  • Steve Aerobic says:

    So if they were worth more Enckelman why didn’t someone pay more?? I assume, using your argument, that you Support CY in only selling the club for £35m or above as he thinks that is what its worth?

    • chas says:

      No, Enkleman, the Selling Club sets a price that they would like , the Buying Club sets a price that they want to pay, the two usually meet close to the middle. If Redmond was worth more AT THAT TIME, we would have got more. We got what he was worth, cos no-one else wanted to buy him , as much as it hurt us. As I say, Tom Ince was quoted at £14m at one time, how many Clubs tried to buy him at that ?

      • Enckelman says:

        chas, do you really think we were in a position to negotiate? no we needed whatever we could take, as I said same thing happened leeds sold players well below their worth like kewell, dacourt, keane, bowyer, milner, viduka just to keep afloat.

    • Enckelman says:

      Because we cannot afford to reject any offer than comes in! if we werent a financial mess do you think they would of gone for 3m each? we rejected a 6m bid for butland the year before and then things got that desperate we had to sell him for 3m. We had to sell them for whatever we could and because we were desperate we have sold them for half their price. Just like when kewell signed for liverpool for 5m and he was worth alot more than that but leeds were desperate to offload.

      • mark says:

        maybe when 6mil was branded around imo they must have thought it would have started a player auction …..yes there was a possibility it backfired on them. just my thoughts….looking at their stats thb even Daniel thoughts were nearer the value mentioned at the time……..methinks.

  • mark says:

    Jack butland 46 games bcfc
    Nathan Redmond 62 games bcfc
    Jordan Mutch 24 games bcfc 43 games out on loan.

    The two above have been nurtured though the England set up since u16 Nathan is yet to make the national team…… fans can make their own choices of values…

  • Steve Aerobic says:

    Enckelman, if they were worth more why didn’t someone step in and pay a bit more than Stoke and Norwich respectively? Answer is we got what they were worth and their journeys since then have proven that, neither has set the Premier alight, Stoke and Norwich were the only 2 willing to gamble. You also sidestepped the question about CY, do you support his stance on not accepting less than £35m for the club because that is what he believes it to be worth.

    • mark says:

      steve answered it in a nutshell.

    • Enckelman says:

      steve, we were not in any position to hold out for other bids otherwise we would’ve kept them, as shown when we rejected a 6m bid for butland the year before. As I said if we were not in financial trouble I am sure they would not have gone for 3m each. There’s a bit of a difference between CY and the players. First off CY is the reason why we are in this mess, So I want him to sell it as quick as possible..but 35m for the club as you said..is what HE and he alone believes is what its worth and in my opinion we are not worth anywhere near that so I do not accept it but thats because of his optimistic valuation. If the valuation was more reasonable I can understand if he didn’t sell for less..but the difference between the players and CY is that the original valuations for the players were not optimistic butland is a certain future england international and possibly redmond too. We changed our valuations for the players because we were desperate for the money and that is the ONLY reason…we were desperate.

  • Steve Aerobic says:

    You cannot argue the facts, the facts are that we got what they were worth when we sold them not the year before and not a year after. The same goes for the club, he hasn’t got the £35m because it isnt worth that much. That is how buying and selling works!

    • Enckelman says:

      You seem to be missing the point im making, the reason they were worth more the season before is not because they were playing better it is because we were not desperate to sell! clubs realise that so held us to ransom..either take the money or go into to further financial trouble. Maybe i’m not explaining myself very well..Carson is the reason why we sold them so cheaply because we needed the money and the reason we needed the money is because of carson.

    • Enckelman says:

      So if you cannot argue with facts, are you telling me Andy Carroll was worth 35m because its a fact he was brought for that much? Because it’s a fact carson brought us for 82m it must mean we were worth that much? Because they’re facts are you telling me they weren’t ripped off?

  • Steve Aerobic says:

    I agree that the club needed money but prices are determined by market forces and one of them is of course the financial plight of both parties. That doesn’t stop other interested parties showing their hands, as far as I remember there was very little intetest at the time. The club has obviously been in a financial struggle and we do not know yet whether that was down to Carsons wrong doing, only the vedict can decide that. We are where we are and we now need to pull together. We have negotiated some really impressive loans and the managers performance is admirable. Sometimes success comes out of adversity.

  • Steve Aerobic says:

    I agree entirely Enckelman. The prices determine the worth as agreed by both parties at the time. If at some time in the future a lower price is agreed then the value has decreased if a higher price is agreed then the value has incresed! Its not brain surgery mate.

    • Enckelman says:

      I know how a sale works, the players would of been sold for a lot more if we were financially stable but because of the financial situation we were left in by the board we had to sell them for LESS then what they are worth(the point i’ve been trying to say) but we are going around in circles here, it’s not rocket science mate.

      • Royalblue says:

        You are over valuing all of them, look at the clubs they are at!
        Butland can’t get a game.

        • Enckelman says:

          We turned down 6m for butland last season..he’s future england no.1 and he already has a cap, how is thinking being worth more than 3m remembering we rejected a bid for 6m over valuing him?

          • Royalblue says:

            Butland is overrated and we got what he was worth at the time.
            Randolph is twice the keeper.
            You need to look forward, the futures bright.

      • Steve Aerobic says:

        Enkcleman you are arguing against yourself, you asked about Andy Carrol and I answered you. You simply have no valid argument as a sale is AGREED by TWO parties thus agreeing a value…END OF…there is and can be no argument as it is now a historical sale.

        • Enckelman says:

          and we AGREED because we had to keep afloat not because we wanted to sell them otherwise we would’ve got a bigger fee, End of.

          • KRO says:

            steve,you’re arguing for the sake of it.Enckelman has put a decent argument and you’ve no decent response.enckelman,i understand what you’re saying.Unfortunately,some people won’t accept they’re wrong.

  • Steve Aerobic says:

    He wouldn’t attract £3m now so I think we did well!

  • Enckelman says:

    He’s 20 years old give him time, 5 years time he will be at least top 10 keepers in the prem. England know this that’s why they took him to the euros.

  • Steve Aerobic says:

    KRO, I give up trying to explain a value, im not sure if I’m being wound up, I sincerely hope so as no one cannot be stupid enough to think that a value is arrived at by any other means. Enckleman perhaps you can explain to me where the official list of valuations is? Or do you decide it? Its just YOUR opinion of their values. I dissagree with YOUR valuation but it doesn’t matter who thinks what the true value is the ACTUAL sum agreed. Does anyone here understand what I am so patiently trying to explain or am I going mad!?

    • KRO says:

      All Enckleman has said is that we weren’t in such a financial mess,we would not have let them go so cheap.I tend to agree.£2 million went of Butlands valuation,and that is because teams knew we were desperate,not because they didn’t think he was worth more.

    • Enckelman says:

      a value is an opinion theres no official stat to say what someones value is…so yes obviously its my opinion of what the value is of a certain player is just how people think liverpool overpayed for andy carroll and 35m shouldn’t of been his value. Thats what im trying tell you..my opinion is that they are worth more and the reason why sold them so cheaply is because of the mess we are in!!! I’ve said it so many times I can’t be bothered to repeat myself.

      • chas says:

        It would help to keep the arguments courtious.. I happen to agree with Steve in as much as we got a fair price for the players at the time we sold thern. If Butland had’ve gone to Saints and let some of the Goals in that he did for us, their Fans would be saying he was not worth the money. he Fees we got for them helped keep us afloat even tho more than enough on here kept swearing doom and gloom. Let it drop , a good win today, eh..

  • Steve Aerobic says:

    It should have sparked a bidding war, it didn’t becaise NO ONE ELSE thought they were worth it! Please!

    • Enckelman says:

      and if we were financially stable we would have kept him because the value was not good enough! and we know the club didnt think this is an ideal fee because they rejected a 6m bid the season before!!! don’t you see what im getting at? when things werent as bad we rejected a 6m bid, when things got alot worse financially we sold him as soon as offers come in.

      and don’t say his performances decreased his value because he had a great season for a 19 year old.

  • KRO says:

    Didn’t Butland turn down Chelsea ? Hadn’t Southampton bought artur Boruc ?

  • KRO says:

    Of course its relevant. Butland told Chelsea he didn’t want to join them so they didn’t bid.You’re changing things to suit your own flawed argument. You’ve bored me to death,along with others as they’ve stopped posting. I’m off.

  • Steve Aerobic says:

    Because I do not accept what is said like a sheep does not mean that I have no right to disagree, the facts are the facts and all of your patronising KRO does not change the amount that these 2 players were sold for. The history books will record the ACTUAL value as agreed by the parties concerned. I hope that we can all get back to football today and get 3 points at Charlton. We all feel shortchanged after the events of recent years but I have a feeling that things will start to improve. Have a good weekend!

  • KRO says:

    We had no choice

  • Steve Aerobic says:

    Great result ! Macheda 3 in 2 fantastic! Congratulations LC bring on Watford.

  • Chris W says:

    Well it was nice to be on the road again.
    Great atmosphere as usual, have to admit I was a bit worried driving down with the weather and Charlton’s pitch, but the game went ahead.
    What a difference a week makes, I would have dropped Adeyemi after the last two performances as I thought he looked unfit following his injury. An inspired performance.
    Macheda came to us with a goal ratio of 1 in 9, he has 3 in 2, the second was sublime.
    New Chapter indeed, Well done LC and the boys and all those who travelled, look forward to Watford and hopefully another three points.
    KRO+DNM

  • steve says:

    Agree with everything there Chris.Just want to add something about Emyr Huws.Pure class.He is going to be a star.

    • Chris W says:

      Maybe all our fears might be eased with this group of young guns.
      Certainly looking good, just hope we can keep them till the end of season.
      I thought Packwood and Martin looked pretty good too, could be a good partnership.
      Difficult to who was my M.O.M today, Packwood, Randolph, Adeyemi, Huws or Macheda…
      A good team effort and purely because he is our own I’m going for Adeyemi.
      KRO+DNM

  • steve says:

    Yeah i thought we defended Brilliantly.Great run from Adeyemi for Macheda’s second goal.I just hope Macheda doesn’t do his usual thing after a promising start.But that’s for another day.Disappointed i can’t go to Watford,but hope we can keep the away form going.

  • Lover B says:

    share prices had shot up again 50%..where are the doom blowers and critics… Carson has made a lot of money with the his loan sent to HK and according to the circular converts at 0.03 and today the share is at 0.15…. so he has made a massive 80M pounds profits on paper already….. is this not a master stroke by Pannu … all admits now the club is in a better shape for sale…thanks again to Pannu…

    now lets go and support the team and get off Pannu’s back

    don’t criticize for the sake of doing it….he is with us

    carson we can have our own views

    • almajir says:

      The shares have returned to the same price they were prior to suspension – nothing to shout about there.


Personalised Gifts for a Bluenose
Haircuts and League Cups
Open Tax Services
Corporate Solutions UK
PJ Planning
Rodal Heating

Archives