The Bells Are Ringing


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The noses are in receivership

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The noses are in receivership

Post by De Kuip on Tue Feb 17, 2015 12:06 pm

http://www.bbc.co.uk/news/uk-england-birmingham-31504347

Hopefully the first step in disappearing from the pools coupon forever..................... Scarf Waving
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Re: The noses are in receivership

Post by Villa_Dan on Tue Feb 17, 2015 12:23 pm

Such a shame...


To be honest, I think it's bang out of order how the dodgy Chinese lot are running that club but I struggle to care at all. Scumbags.
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Re: The noses are in receivership

Post by Trotters on Tue Feb 17, 2015 1:15 pm

An interesting read. I did laugh at this bit at the end:

There may be some short-term pain but Birmingham City supporters will hope that in the long run this could herald a fresh start for their club.

That's right. Not long to go now and the pain will all be over. You all just keep right on.
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Re: The noses are in receivership

Post by Villa_Dan on Tue Feb 17, 2015 1:31 pm

They think it means EY will force a sale but the receivers have to act in the best interests of BIHL and ALL of its directors, not BCFC, and selling the club means they lose their listing on the Hong Kong stock exchange - so this won't happen!
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Re: The noses are in receivership

Post by kimbo on Tue Feb 17, 2015 2:27 pm

I think on paper it's actually good news for them, but then as Dan said, it's probably going to be more complicated than people think. Though I don't pretend to know enough about this stuff, and the legal obligations or what-not. I have my own business, but it's the middle of the afternoon and I'm typing this whilst still in bed, so, y'know, I'm not exactly head of a major corporation  :)
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Re: The noses are in receivership

Post by Guest on Tue Feb 17, 2015 2:48 pm

I have taken enuff shit from noses about our current plight. if they get 10 points deducted and go down I will visit every one of those knuckle draggers wearing a carson yeung mask. ALL HAIL YEUNG AND PANNU. JOB WELL DONE.

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Re: The noses are in receivership

Post by De Kuip on Tue Feb 17, 2015 3:34 pm

Apparently Birmingham City have had to pay a huge up-front fee to Ernst & Young.

Currently the FA are investigating rumours of foul play as it appears some time after the cheque was written, made payable to Ernst & Young, someone had crossed out "Ernst" and replaced it in wobbly biro with "Carson" Very Happy
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Re: The noses are in receivership

Post by Guest on Tue Feb 17, 2015 3:52 pm

@De Kuip wrote:Apparently Birmingham City have had to pay a huge up-front fee to Ernst & Young.

Currently the FA are investigating rumours of foul play as it appears some time after the cheque was written, made payable to Ernst & Young, someone had crossed out "Ernst" and replaced it in wobbly biro with "Carson" Very Happy


ha ha ha ha ha ha ha ha fookin love it! knuckle dragging wankers!

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Re: The noses are in receivership

Post by South London Villan on Tue Feb 17, 2015 8:55 pm

And people were shocked at how Glasgow Rangers were run and how their issues just haven't gone away. More and more malpractice keps coming to light. When Ernst and Young start digging in to how the shambles at St Andrews has been run and operating it will make Rangers look professional.
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