Often Partisan

BIH Accounts on the Horizon?

Birmingham International Holdings have given another indication that their long overdue accounts will soon be published.

In a statement made to the Stock Exchange today, BIH confirmed that drafted auditor reports and statements will be ready by the end of the current month – ie in the next two days – and that once they are approved by the board they will be released to the public as soon as possible. This is in line with previous statements and means we could see them within the next fortnight or so.

The parent company have also confirmed that talks for the sale of BCFC are ongoing “with some interested parties” and that BIH will make announcements as and when regulatory demands require.

BIH are also in the process of conducting an internal control review and have appointed KTC Partners CPA to do this independently.

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36 Responses to “BIH Accounts on the Horizon?”

  • Pughy the blue says:

    Does this mean a takeover is near

  • Gary R says:

    Hopefully this is more positive news and one more obstacle passed in attempting to sell the Club.

  • utbb says:

    Pauline Wong Po Ling is key to all this.

  • Oldbluenose says:

    Talks with interested parties, ??.

    Are these ” fresh ” interested parties, ?, or the same as before parties, ??.

  • clubclassblue says:

    It will be interesting if the interested parties are more interested or less interested once the interesting acounts have been released for the interested parties to show how much interest they really have.
    Interesting?????????????

  • bluenoseneil says:

    It’s like reporting on paint, this thread.

    Just tell us when it’s dry, Dan. There’s too much sanding down and priming going on…

    Crap analogy but its how I feel..

  • Jord says:

    Neil, were still looking for which paint to buy.

  • zxcv says:

    Dan what is an internal control review ? and why the need for one, and will it further hold up the publication of the accounts?

  • Tony says:

    Pauline of on maternity leave, next comment another cock up by Yeung and co my god Prewar did you work for the two Ronnies??? lol Brilliant

  • Tony says:

    Cant help getting a little excited, maybe the take over is getting just a little closer

  • Gary R says:

    I’m not getting “too excited”, but I’m pretty sure Almajir will agree that this is a very positive move in the right direction in terms of getting the club sold. The accounts, I suspect, are a major reason why the sale isn’t progressing as quickly – quite honestly, who in their right mind would want to buy the club when its parent company’s accounts haven’t been published. Any potential buyer worth anything would want to see the state of play “for better or for worse” before they can then negotiate a final price for the football club. The BIHL accounts will be bad, but let’s just hope they’re not RIDICULOUSLY bad, therefore making it harder to sell the club.

  • andy says:

    Well thats one step closer, then is it correct an offer for the club has to be made then the next step would have to be shareholder approval? Be the summer before we can see any light i should think.

  • nik S says:

    Club cant be sold with out accounts anyway so im hopefull. Regarding paint dont buy a cheap brush it wont last [ yeung ].

  • Art Watson says:

    This could be the beginning of the end!

    Hopefully!

  • desertbootboy says:

    lets hope we can move forward…..two years ago today i cried at a football match.

    keep right on.

  • Paul Carter want's shooting he says:

    Just bores me to tears

    How about some memories of Hull away Dan

    First time I went in the 70s there was a station called Boothferry Halt which everyone got off at. I was there at the battle of The Silver Cod which Blues took over which was their boys pub, there the day Taity and Daish were physically fighting Hull fans from getting on the players coach after they’d put all the windows through, there and on the wrong side of the road when their mob was nazi saluting Cuddles and his boys across the road and the ensuing melee.

    All my recollections of Boothferry Park are linked with violence which is why I’m so impressed with their new ground where confrontations have virtually disappered. If ever a trip to a dodgy away ground have improved drastically by moving Hull is one. Same as Cardiff, Swansea, Millwall in fact most of em but Boro can still be dodgy.

    Does everyone remember those horrible plastic triangle things with nails sticking out of em which Hull used to have on the top of the fences?

    • almajir says:

      You don’t like it, Paul – don’t read it…

      • Paul Carter want's shooting he says:

        Stop being so tetchy, it’s not a refection on you or the blog more the subject matter.

        I think most of us are bored of this pantomime around BIOH accounts

        Stop taking things personally

        • almajir says:

          You’d be surprised. Most read story this week is this one.

          • Paul Carter want's shooting he says:

            Hey Dan I am not criticising anything you do, you are top man in my eyes.

            Saying that though a few more reminisces or actual posts about classic games of the past would be interesting, similar to the where are they now series you run.

            And before you say it i know it’s your blog etc… just a bit of feedback from a punter.

          • Paul Carter want's shooting he says:

            While I’m thinking Dan a really interesting article I’d like you to do is on these fan owned clubs like Brentford etc .. and how they run, their trust input and the whole business model really and a where are they now on Johnny Frain would be nice too. Aint heard of him for ages.

          • almajir says:

            Paul

            In honesty I did wonder how interested people are in that sort of thing – I’ve got good connections with the Portsmouth Trust and what they’re going through is unbelievable – if you thought our owners were bad…

          • Paul Carter want's shooting he says:

            You know what Dan, certain clubs and for different reasons I have always thought of as being madly similar to us.

            Pompeys one, Walls another.

            Anyone who revels in any club going to the wall is a moron, except for one of course (note the non-usage of the F word here). More than ever Pompeys troubles are relevant to us right now. Just do it.

  • Jimbo says:

    What’s the euro million prize ATM?

    Shall we set up a syndicate and buy the club?

  • ………its plain to see that the F.A are behind the times with such cases as blues and portsmouth ..so learning as much as you can wil help fans to get the rules updated…..in the case of players wage contract.when clubs cant afford them after relegation then a agreement should be allowed whereby a club are allowed to pay at a lower wage to a certain extent but on a longer contract so still paying that wage after the original contract as ended and the player as left until the debt is paid ,….with a little interest added on …….which would be better than admin and losing points……buster …..gut

  • Steve-0 says:

    It should be mandatory for every club and every contract to include salary for each division. So a Blues contract to an incoming player would have remuneration section having Prem=30k/week, Champ=20k/week, 1=10k/week, 2=10k/week.

    The club then stays in full control and as long as its mandatory there no escaping it from the players. Even at Eufa level. Relegated clubs can then decide to offer a retention bonus if they can afford it to prevent players leaving, but they still remain in full financial control.

  • Dave Timms says:

    “…BIH will make announcements as and when regulatory demands require.”

    Like the accounts were!?


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