Often Partisan

BIH Accounts Announcement

As expected, Birmingham International Holdings Ltd have confirmed today to the Hong Kong Stock Exchange that the accounts for the year ending June 2012 are to be delayed.

The announcement was expected as the accounts for the previous year have not been released yet and it leaves BIHL in the ludicrous position of having two years worth accounts overdue as of Monday.

It doesn’t massively effect BCFC as the club have managed to convince the Football League that the ongoing catastrophe that is the holding company have no effect on the club’s day-to-day operation at the moment. I remain of the opinion that the accounts will come out on the 5th of Never and that once the club is sold that the parent company will be quietly wound up.

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20 Responses to “BIH Accounts Announcement”

  • shedrocket says:

    Yep no surprises there, the sooner all concerned at BIHL sell us then disappear the better for everyone. They are an embarrasment.

  • DoctorD says:

    Al, why do the BIHL statements always have the BCFC logo slap bang on top. If you didn’t know otherwise you’d assume they were one and the same. We keep saying oh yeah BCFC are being run at an arm’s length from the parent outfit, but if so shouldn’t BIHL at least have their own logo to get some clear water between them. Like shedrocket says, the quicker we’re shot of BIHL the better.

  • Paul Carter - The Voice Of Reason says:

    Thought Pannu the potentate was gonna sort all this out?

  • Blueboy 88 says:

    All that is required now from Mr Pannu is to orchestrate the sale of BCFC with God’s Speed.

    Colin Tattum reviews the prievous worst league defeat at St Andrew’s
    6-0 at home to Crystal Palace in Division Two on September 5, 1987.
    He then reminds us –

    Blues went on to finish 19th that season and the following campaign, as finances meant youth was given a fling – the likes of Ian Clarkson, John Frain, Dean Peer, Paul Tait, Simon Sturridge – they were relegated to the Third Division for the first time in the club’s history.

    Without a sale the above scenario could very well repeat itself.

  • Oldbluenose says:

    What a complete and utter dissapointment your headline was, Almajir mate,!!.

    I read it first [ of course ] thought it was about the release of the 2011/12, accounts at last, and was about to think that good or bad, !!, some progress was being made, — Fat chance, eh,!!!.

  • mike tomkinson says:

    announcing poor financial results we all expect will definately drive the price down which is not what Yeung and board want to sclose as we all know they paid too much and they will never get their money back or the £40 million they are reported to want , get out now while there is still some value as under their control its only going to get worse , and for the good of bcfc we deserve at least that kro

  • prewarblue says:

    Accounts were written on Chinese “Rice paper”,,,,that was used for making “Fortune” cookies,,,,,,lost when they [ like Blues] fell out of the frying pan into the fire when cooked by Yeung,s mates and co

  • Paulo says:

    Wasn’t the reason that the accounts couldn’t be settled down to the whole ‘xtep’ fiasco, and was riddled with non tax payments? I’m sure this was one of the main reasons anyway, but either way, it goes to show that BIHL have absolutely no chance of ever satisfying the HKSE and both parties are probably aware of this anyway!
    CY needs to sell up for his own sake and the other shareholders need to face the music and throw in the towell ..and just accept the club is not worth what it was, and the potential for the club just isn’t here at the moment …and St Andrews needs investemnt in the right places, just like most of us need a dose of realism lately.

  • Bluehobba says:

    I was given a fortune cookie once and the note read “GOOD LUCK” …………

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