Often Partisan

Directorial Changes at BIH

Birmingham International Holdings have announced this morning of the appointment of an executive director to replace the recently departed Steve McManaman and Yang Yuezhou.

46-year-old lawyer Cheung Kwai Nang has been appointed executive director of BIH with effect from today. Interestingly, he has experience in civil and criminal law and has worked in the past as a prosecutor in Hong Kong.

It has also been confirmed Mr Cheung holds 250,000 shares in BIH.

 

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58 Responses to “Directorial Changes at BIH”

  • Harry says:

    so what does this mean for the company and our club?

  • Paul Carter - The Voice Of Reason says:

    Precisely sod all

  • Steve G says:

    how much money is he gonna plough in?

    • neal says:

      He is a solicitor or as I deem them ‘ blood sucking charaltans ‘ so I would wager a big fat zero! I am sure he will be more interested in what he can take – of course I may be wrong and he may be fronting a consortium of the richest people in the East looking to rival Man City – ooops sorry it was all a dream!!

  • DoctorD says:

    According to this page :

    http://www.kbchau.com.hk/members_en.html

    he is a partner of K B Chau Solicitors, where it says the following:

    CHEUNG Kwai Nang, Anthony (張貴能律師)

    Anthony is a partner of K.B. Chau & Co. He was admitted as a solicitor of the HKSAR in 1999, and is also a Civil Celebrant of Marriages.

    Anthony is a shrewd civil and criminal litigator. He acts for a number of insurance companies to undertake recovery work and defence of personal injuries claims. Besides, he also has vast experience in commercial, probate and intellectual property (contentious and non-contentious).

    • Blueboy 88 says:

      Civil Celebrant of Marriages………!!

      St Andrews to become a wedding venue ?

      Could be a nice little earner though , say one a week at 2k each…….. ,
      thats………….. 2 weeks wages paid for Zigic

  • Alex T says:

    250,000 shares huh?

    He must be as rich as me then, cause I also have £20 in my back pocket… im thinking of investing in beer and peanuts!

  • Oldbluenose says:

    Is it possible,?. That this MAY be good news for us,?. Could it be possible that BIH, may become more active where our club is concerned,?.

    Questions, Questions, Always questions with little answers coming back, BUT, It may be a case for optomismn, and would THAT, be very welcome,!!.

    Dr D, is very informative, — Have YOU any thoughts, almijir,!!.

    • Dan H says:

      Looks like CY has finally ran out of money and has paid his lawyer with shares in BIHL how much are the shares worth ?

    • almajir says:

      It’s an interesting appointment but I’ll need to read more about him.

  • Dave Smith says:

    Don’t get up beat about this – I reckon this guy has been brought in to defend Mr Yeung. Make no bones about it – these people will continue to withold information, lie, cheat and strip our club of what it has left until they get their investment back. All we can pray for is that there will still be a club, a business left at the end of the process to enable someone to pick up the pieces and start again.

    Until BIHL are gone we are in despearte trouble. Get your prayer mats out. KRO.

    • nicky wicky says:

      Yeh I reckon the football league are a bit dubious of the Blues board and think if they lift the embargo they will just sell off the players, so they’re keeping it in place till the last minute when they’ved seen who they appoint as manager and what the team looks like.It could be kept in place till september when the window closes so they can resign players and get loans in, but won’t be able to sell off anyone. I personally think that ithe Blues Board are running out of options with whats happened to CY, and the best thing they can do is sell up. if they get a reasonable offer, and they’re never gonna get they’re money back. If they just cling on there will come a point when they run out of things to sell, and the club won’t be able to operate!

      • danny boy says:

        the club can still SELL players while the embargo is there. dont know why you thought the club couldnt asset strip while were in the situation were in now

  • Masaccio says:

    Basically the BIH board don’t give two hoots about the club. The sooner they divest themselves of us the better.

    • Kaje says:

      It always makes me chuckle when I read things like the above.

      Of course they care about us. If we lose money, they lose money. If we make money, they make money.

      Whatever you may believe, they have a financial interest in keeping us afloat and helping us to be successful. Whether that is in the hope of returning a consistent yearly profit or obtaining a lump sun profit when they sell by increasing our worth to potential buyers.

      To say they don’t care is truly laughable from a business point of view.

      • Paul Carter - The Voice Of Reason says:

        Then why flog off all the best players when we went down? Their financial interest in keeping em and getting up first time went out the window.

        • almajir says:

          Well Paul, having lost ten million quid might have had something to do with it – the club needed cash to keep themselves going and to lower the wage bill from £45mil – which is totally unsustainable in the Championship…

          • James Black says:

            Exactly Al. Im tired of these whingers that make schoolboy statements without having a clue about howw things work. They keep talking about taking money out the club, taking what money out the club they have made a big fat zero or loss. They remind me of the muppets at work that complain about everything and have no idea about business. They have made nothing out of Birmingham city grow up for gods sake. If you took over a business that is taking a loss consistantly because of stupid wages and lack of supporters, wouldnt you try and balance the books and put it on an even keel. Wish certain contrbuters here would just stay quiet as we all know the reality but i dont think some here do. They keep saying stripping the club of its assets. What assets they bought a club that was making a loss its that simple. Then they appoint a lawyer and someone wants to know what money he is going to put in. Are you all nuts. get real they have not stripped anything from the club and probably never will, they are simply trying to make it and keep it a viable concern. Pleas try and explain to them Al as they listen to you but the penny hasn’t dropped yet. If Blues lose they lose so wake up to reality. All of football is making a loss and in the long run it could be good news as we will be one of the first clubs that is managing to run itself within its means. If you don’t believe me check out the figures at other clubs that pay huge wages and still have 3 times more fans than us. AAAAAaaaaaaaaaaaaaaaaa please stop moaning its not helping especially when the moans are out of place and based on inaccuracies.

          • Paul Carter - The Voice Of Reason says:

            This I know but the other view was to keep that going and go up first time a la Newcastle.

            By flogging the family silver they made this nigh on impossible so I question their interest on that basis

          • almajir says:

            Paul, to keep going would require money – money that they simply didn’t have.

      • nicky wicky says:

        how is it increasing the clubs worth by selling off the best players? At the moment with the embargo in place the only player that they can really sell is Zigic. with Doyles contract running out they may need Foster and Butland,but thyere have been rumours they might sell these! Are the football league keeping the embargo in place cause they don’t trustthe board not to sell off the players so theree isn’t anyone to make up a team? they are taking their time appointing a new manager, and it needs to be the right one to inspire the Blues fans to go down and buy their season tickets. If they pick the wrong one people may say the team don’t have a chance or he’s dull and i’m going to pay match by match!

        • Paul Carter - The Voice Of Reason says:

          Lol @ James Black giving it the Lord Sugar

          James stop giving it the big un pal cos you were one of the rests saying everything was OK a couple of weeks ago

          • James Black says:

            Paul not really was saying that but im still sticking to that this will be resolved one way or the other as its in nobodies interest to do otherwise. If i went into rant mode i apoligize and i do understand your frustrations. But if you dont mind me saying some of the opinions expressed here are basically not true. There is no selling off of family siver it was a business that was making a loss and has been for many years. The mistake the owners made was buying it in the first palce but there again they wasnt counting on arrst and frozen funds etc. They have spent but no they didnt go out and buy Messi no. Were on the same side paul and forgive my comment but its gonna sort itself out in the end and some not all of the accusations are not quite true. Al explains it much better than me and in far simpler terms. My attitude is no matter what happens we have to cut our cloth accordingly and move forward. In the long term my guess is they will have to sell. Anyway i quite fancy an era of bringing through quality youth and being viable in the future no matter where we are championship or premier. Many clubs are not and our day will come. I did not mean any disrespect Paul and im sorry if i gave that impression, just ranting as we all do i guess.

  • Dodger says:

    Dan H is on the money Carson is paying this bloke in shares He probably thinks we are still in the prem and just won the cup.
    Boy is he in for a shock does anyone know what 250,000 shares in BIH are worth??

    • almajir says:

      Dodger

      I think you’ll find he isn’t. I allowed Dan’s comment as I thought it was humour; to state it as fact is probably crossing the line…

  • DoctorD says:

    Ooo and what’s all this about?

    http://www.thestandard.com.hk/news_detail.asp?sid=29814053&art_id=103514&con_type=1&pp_cat=11

    Not sure if it’s the same Kwai Nang Cheung.

    I reckon you should give old Cheung a buzz almajir — tell him OP is the premier site for Blues news and you want to interview him now he’s in the hot seat.

    Here’s his office contact details:

    Address﹕23rdFloor, Wing On House, 71 Des Voeux Road, Central, Hong Kong
    Telephone no.﹕2523 2133
    Fax no.﹕2845 2730
    Email﹕enquiry@kbchau.com.hk

  • Paul says:

    Deckchairs and Titanic.

    • prewarblue says:

      Deckchairs and Titanic are ok,,,,,but now Cy is losing his house,,,,would you let him “Abide With Me”,,,,,,i certainly would not

  • Daddybluenose says:

    Maybe he’s been implemented to start negotiations with an outside party for a takeover??!!

  • John says:

    If memory serves me right, Rodney ,was an “executive director” of “Trotters Independent Traders”.

    • almajir says:

      He might well have been, but executive director has a specific meaning with regards to publicly listed companies

      • Blueboy 88 says:

        And the Blues connection is — altogether now…

        We’ve got some half priced cracked ice
        And miles and miles of carpet tiles
        TV’s, deep freeze and David Bowie LP’s
        Pool games, gold chains, wosnames
        And at a push
        Some Trevor Francis track-suits
        From a mush in Shepherds Bush, Bush, Bush,
        Bush, Bush, Bush, Bush, Bush

        No income tax, no VAT
        No money back, no guarantee
        Black or white, rich or broke
        We’ll cut prices at a stroke

  • chris says:

    did he already have this shares in the club?
    he can’t have purchased these recently can he as the shares are suspended?
    should we fans and Blues trust be doing something similar see link
    http://www.bbc.co.uk/news/uk-england-lancashire-18440534

    • nicky wicky says:

      yeh maybe we should be contacting the FA and creating an action group to gather money to mount a takeover. What has been going on is getting ridiculous. PP is taking forever tp appoint a new manager and there have been numerous rumours about our best players being sold for cheeky sums! With Cy facing eviction and being in court in November something needs to be done to make sure there is a club to go to!

      • Paul Carter - The Voice Of Reason says:

        We have a group – The Supporters Trust who are doing and saying nowt

        • alexjhurley says:

          Perhaps Paul you’d be good enough to give them all those solutions you’ve so eloquently outlined on here (I.e. sack the board and find a billionaire) as well as a magic wand so they can make it happen !

        • almajir says:

          Really?

  • Oldbluenose says:

    James Black;, Hear, Hear, mate,!!. One of the few who make good sense instead of believing evertthing they read,!!, [ usually, re-cycled rubbish anyway ] ,!!!.

  • andy says:

    Of course Birmingham are not being asset stripped by the board, its the club that owes Carson money, £13 million was it? Of course the club has to keep its head above water and that means selling a few players at the right price. But doing that is only going to take Blues backwards and until Carson and BIH can support the club or sell it, then thats the way it will go.

    • James Black says:

      Exactly Andy, i keep asking myself what are they talking about when they keep talking about asset stripping etc. If a business is making a loss it has to have measures put in place to put it back in profit. To be fair they have partially achieved that. Im still trying to work out why people talk in terms of selling players and putting the cash in to there back pocket, its pure nonsense. Carson has made a huge loss out of his venture and that is not being realized by too many.

      • nicky wicky says:

        Of course James he has made a huge loss,but it is a mess of his own creation. he did not make any plan b for unforseen circumstances like relegation or being taken to court. He claimed to be a billionaire when he wasn’t and seems to have put all his money and more into Blues. His situation now is taking the Blues fans with him, because he can’t seem to stick or twist we haveasituation like Blackburn where we don’t know whats going on with the club, becausesomone has taken control of the club and now it is in a mess and nobody seems to be doing anythingor saying anything!

      • nicky wicky says:

        Of course James he has made a huge loss,but it is a mess of his own creation. he did not make any plan b for unforseen circumstances like relegation or being taken to court. He claimed to be a billionaire when he wasn’t and seems to have put all his money and more into Blues. His situation now is taking the Blues fans with him, because he can’t seem to stick or twist we have a situation like Blackburn where we don’t know whats going on with the club, becausesomone has taken control of the club and now it is in a mess and nobody seems to be doing anythingor saying anything!

    • nicky wicky says:

      Andy there is only one problem with your logic. Yes CY loaned the club money,but all his assets are frozen,he’s been kicked out of his house, and he’s due in court in November on money laundering charges. While the embargo is in place not many if any players can be sold,because they can’t bring anybody in. They would only get cheeky offers for the players they sold, and even if he sold off the whole team I can’tsee him getting his money back. The only sensible thing to do is get the club in a good shape so it can operate and either sell up or keep selling a few players each year till the money is repaid and hope the club gets promoted. The board are in a tight spot with CY situation and don’t have many options and have to keep the club as a going concern. If they just sell off the players while the embargo is in place then they won’t be able to put out a team and won’t be able to operate as a going concern! The football league don’t seem to be in a hurry to lift the embargo and maybe they think that the players will be sold if they do, so are waiting till the last minute?

  • bluenose08 says:

    knowing how desperate cy and bihl are for money anyone interested in the cub are not going to make a decent offer ! we really could do with some good news to chear us up. kro

    • nicky wicky says:

      Look Bluenose we all know thatCY is not going to get the £1 a share he got when he bought the club,but he might get 20 or 30p if he got the club in good shape with a manager who is going to excite the fans so they buy their season tiickets, and make the team competitive to make a promotion push.At the moment i get the feeling that the football league are relectant to lift the embargo,because they think he might just sell off the players(which i don’t think he’d get much for)and then the club mught not be able to operate as a going concern. PP seems to be taking an age to appoint someone.

  • BhamCityJulian says:

    This could be a guy being brought in by investors for due diligence but combining this with the marketing board members going last week it looks like we are moving to the end game.

    • Oldbluenose says:

      Julian;, That is a thought we would all like to believe,!!. Let us hope your thoughts are correct mate,!!.

      • James Black says:

        @Oldbluenose Optimists of the world unite. Its better for us to wear rose tinted glasses than dark sun glasses that we cannot see out of. We’ve hit the bottom and i guess the frustrations are natural, but things will come good and if im wrong then ok i will go bury myself, but negative name calling and saying untrue things are not helping thats it really. Thanx for your earlier comment.

  • Big mart says:

    Let’s get eck back to sort this mess out


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