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Two further bids identified for BCFC
Birmingham International Holdings have announced to the stock market today that two further bids have been identified with respect to the sale of BCFC.
The announcement confirms that seven bids have now been received and are under consideration. It goes on to state that further announcements will be made with respect any potential takoever as and when new information becomes available; and every month regardless under another rule of the stock exchange.
As ever – no identities have been disclosed and I suspect the fact that they have confirmed there will be monthly announcements corroborates that this process will take time – especially as it requires various hoops to be jumped through.
More as it breaks.
Tags: BIH, HKSE, The Takeover
53 Responses to “Two further bids identified for BCFC”
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Ooo.. lucky us. :-/
Seven bids and still same owners , I f£&&@@@ give up, I really do , what is yeungs problem ? Kro
And don’t mention the £80 million he spent . That’s totally irrelevant . The guys got something to hide
And that’s the problem!!!! Kro
That’s exactly what I reckon Dave, and I hope E&Y uncover whatever dodgy dealings Pannu and Yeung made in the next few weeks/months as well as sell the club from under them……
From a business perspective, I really cant understand why CY is holding on. What doesn’t make sense is, he has proposed to the court that he can keep BCFC as a going concern with £9m investment just to keep us plodding along making him NO money whatsoever……. But, if he invested that money into new (profitable) ventures then he could sell the club AND keep the HKSE listing AND get control of the board back.
As he isn’t taking this course of action, I can only think that the £9m loan would be another one of his shell companies providing the funds at an extortionate rate of interest (good for CY, terrible for BCFC) or he is using the club for illegal means, or BOTH!
As said in the Game of Thrones….’There’s no cure for being a C***!’
2nd city in the uk should be some big money coming in i just dont get it
2nd city and the club that bears the city’s name… not a poxy little district on the outskirts.
But, I suppose it’s like seeing a Rolex watch in a basket full of cobras… you really want the watch, but don’t want to get bitten by the poisonous snakes.
On the face of it, — Good news that there is still interest in BCFC, The thing we obviously do not know is the calibre of these various bidders,?.
The worrying thing for me is that E + Y, may only be interested in the size of the bid’s being made and not are they good for the future of the club,???.
“And nothing ever happens, nothing happens at all
The needle returns to the start of the song
And we all sing along like before”
Same as it ever was
Another 6 months lads…zzzzzzzzzzzzzz
Mickeys 07 it’s just pants and E&Y are entitled to take the best offers.. They’ve no elligance to us so ease dont go down the road thinking Taft they’ve got our interests at heart .. Total rubbish . We are small time at the moment ! Kro
ernst and youngs duty is to get the best deal for all shareholders. They will very likely recommend the highest bid. As fans we’ve just got to hope the people/person who bids the most has the most money to invest into the club. I’m hoping the eventual winning bid will be so good that even yeung will finally see sense. But as ever it’s all guesswork. But my own feeling is there are one or two big hitters out there. The tv deal of a minimum £100 mill per season if we get into the prem means that the price for blues is peanuts
Well 7 is a historically lucky/important number in Chinese culture – maybe things will start going our way?
I thought 8 was the Chinese lucky number?
Maybe that’s what E&Y are waiting for eh – some mega rich Yank, or those extremely nice, football mad Qatari’s please !
nobody can be as bad as these clowns. lets hope that we can have a sale before next season or i
think we will struggle kro
This has got to be good news and show’s that there are plenty of people interested in buying the club.
It is good news but I suppose you can’t blame some for being cynical. Looking on the positive side at least there now seems a pretty strong interest there and who knows,there could be some serious players involved.
Its like jackanory can’t sell cl7b till Carson says and he wont
Just had a look through a few comments and I’m shocked with all the negativity.
This is fantastic news and we should treat it as such.
I know that before we had rumours about certain bids or interest in the club but at least now their is proof of interest.
And even if it’s not the richest owner in the world, I think we will be better off. Gary Rowett has proved that he can spot talent, so if he had the money to spend on talent, even around £2M, I think he’d bring in some quality players for us to fight for promotion.
I’ve been saying for months, even before Dan informed us of the bids, that we would be sold by next season and in my eyes, I wont be wrong.
Bring on a bright future for BCFC and KRO!
It will only be fantastic news when a bid has been accepted. Until then, I’ll remain sceptical if that’s ok. :)
7 bids eh?……lets hope they’re not from CY’s or Pannu’s aunties & uncles!!!!!!!
I agree Jaffa. Having seven bids on the table has to be good — better than having five bids, which in turn is better than having none (as in the case of Villa). Carson must be rubbing his hands at the idea of a bidding war breaking out — and who knows, some bids might merge to create an even stronger bid.
The more I think about it I’ve come to the conclusion CY hasn’t got anything to hide, if he had EY would have found it by now, I think CY just wants the best return on his investment 80m.
If the right deal was on the table he will sell, unfortunately with Pannu in charge of selling the club and the mess it was in that was never gonna happen, now the experts are in control it will happen.
Season ticket renewals soon ?
yes they need to sell season tickets another ploy think we are mugs again
As CY is the majority shareholder in BIH how can they force him to sell? Or have I missed something?
The reason Carson won’t let go is that he’s a gambler ,and his gamble is that seeing he now has a decent manager we will be challenging for promotion if not next year then the year after.
If Jeremy Peace reckons he’s got people interested in WBA and willing to pay 200 million then there’s no way Carson is going to give up without a fight
Hey Dan just read in the evening mail in regards to two further bids the journalist has written two further bids have come in along with the usual suspects can you elaborate on that mate ????
Say what?
Well I think what he might be saying is that bids have gone in from people whom have may have put in bids in the past I may be wrong but have a quick read yourself and let us know
Problem with that Andy is that we are a million miles away from the Premier League at the moment & only a Premier League club can be worth anywhere near that given the new TV deal. Unfortunately we are in the best league in the world in my opinion in terms of competitiveness. There is no league anywhere that comes close. The Premier League for all it’s money has about 4 competitors for the title, you can cut that to 3 in the past few seasons.
The Championship is highly competitive and you have to have a strong squad to challenge at the high end of the table. Blues haven’t got that now nor will we have unless we have a change in ownership & even then we should not expect owners with a bottomless purse. Even with new owners, it’s going to be hard to push on back to the top tier albeit it’s a step in the right direction but for Carson Yeung to gamble on bidders coming in with a mega bid he’s barking mad.
Damage limitation in my opinion, cut your losses & take the best bid possible which hopefully will be the right one for Blues!
Completely agree Atko. I’ve said before that my best days as a Blues fan have been in this league. The play-offs over the years will live long in the memory and were far more enjoyable than the constant struggle to stay in the premiership which is all about how much money your owners worth…period.
Have to agree with that. I’d rather have the Championship and all the ups and downs that come with it, rather than the prem, where there are 12 teams treading water every season, fighting just to stay in the division for the money alone. The top 5 is more or less a closed shop. Not my cuppa char thanks.
I think the prem is still the place to be
If you want average season after average season, or just a constant fight to stay up, then you’re more than welcome to it. :)
forget all the talk of this being rubbish because of season tick renewals etc.. This isn’t pannu talking this is Ernst and Young, one of the top firms in the world, they have no interest in season ticket renewals, they have to inform the HK stock exchange by law which is what they have done. These bids are for real. Keep smiling chaps the end game is approaching.
It would be nice to get excited but after the news earlier today about leaving the league. Maybe folding we need ey to force the sale through.
Sheff Weds were sold for £35m recently. They’re on a par with us, if not worse overall
An offer along those lines with CY keeping his HKSE listing and he would snap their hands off.arm the lot! I think more 20-25 mill is the best he can hope for IMO.
Can someone explain to me what two points in the statement mean? Allegedly the receivers intend to start negotiating with their preferred bidder “as soon as practicable” They then go on to say it “may not lead to the making of a general offer for the shares of the company”. Does this simply mean they intend to identify a buyer but the onus is then on CY & the remaining shareholders to accept it before anything can move ahead? If so, then how are we any further on & how can anyone benefit from the receivers being involved? It’s just running up more debt to someone!
I think you are reading to much into the wording.
In my opinion, they are just standard comments included in all statements regarding such circumstances.
One or two of the offers could of course be CY and or his cronies trying to buy out the remainder of the shareholders?! Oh Dear !
If that’s the case and any offer needs Yeung’s approval, we need to hope and pray that his isn’t the highest bid.
Evening Mail reporting the bids are for BIHL
Probably a wild guess from the Mail or they have copied something OP has mentioned. The Mail knows nothing new and has no idea what is going on in HK other than what is published via the HKSE and in OP.
Most of their articles are cut and pasted from OP or the BCFC site anyway. It always amazes me how they can make one comment from the manager stretch into 3 or 4 articles over several days. Lazy journalism from lazy journalists.
Looking back when Brucey took us to the premier league in 2002, Bournemouth were relegated to league 2 and Swansea were languishing near the bottom of this league. Just proves you don’t need mega bucks to succeed.just decent owners and management.
Totally agree. Some time back i compared the cost of our team to that of the promoted Burnley team. There’s little or no difference – Both include freebies, or players discarded by prem teams as not good enough.
Unfortunately, wages is always the stumbling block.
We can recieve interest from another 107 potential buyers but if CY doesn`t want to go then it matters not.Imho he will be around for a long,long time. But as BIHL look towards next season they throw some titbits about new owners to make sure ST`s are sold as well as new kits and other merchandise. Of course 1000`s will continue to part with their dough and Yeung will thank them for their contribution to keeping him at BCFC. Well they won`t get a farthing off me and i hope others feel the same although i doubt it. KRO.
Blues are worth a punt in anyone’s money! We are still that Big Club waiting to happen! Seven Years out of Nine in the Prem. has taught us that? Where do we go from here? Upwards and onwards if the right backing is given to the right Manager! We need to establish a good squad, taken from some of the finer loanee’s we have, if possible and then motivate them with what it means to be a Blues!
nothing like having bids come in then they stay at the front door…..now remember lads its that time to dig deep so get your hands back in your pockets for those lovely ST…..GR needs our support……
Yep dig deep if you want our esteemed leader Mr Carson Yeung and his excellent cronies to stay at the helm.I`m sure he`ll be eternally grateful and won`t let you down.
Mates, the HKSE announcement does say the indicative offers cover both interest (“at least one”) in acquiring a controlling interest in BIHL and others in acquiring BIHL’s major asset – our club.
One simple sentence in the announcement speaks volumes to me:
“The Receivers intend to enter into an exclusivity agreement with a potential investor as soon as practicable.”
This would be an enormous step since exclusivity means a party is so interested that they are prepared to sign a MOU (Memorandum of Understanding) or even an HOA (Heads of Agreement), followed by Due Diligence. We don’t know if this is for BIHL or BCFC.
For E&Y to be prepared to enter such exclusive negotiations, and for the investor to do the same, can only mean that they have a way of overcoming both the HKSE listing requirements and also Carson’s major shareholding bloc. You don’t make willy-nilly statements to stock exchanges – the penalties are too great. This is 1 minute into extra time mates, that’s what I reckon anyway!
I don’t think we will be bought by a mega rich owner if there is one out there they are more likely to be interested in our mates up the road in Aston. Anyone with mega bucks who wants to own a football club will also have a big ego and will want a club with a reputation, I’m not sure we could attract hat type of owner. We will hopefully be rid of CY soon and get somebody with who cares about BCFC