Birmingham bosses play down speculation of legal challenge
Thu 15th Apr 2010 | Legal
Investment bank Seymour Pierce claim they will take control of Birmingham City unless £2.2million fees are paid to them before May 27.
However, following today’s media coverage regarding Birmingham International Holdings, the company that owns Birmingham City Football Club, the following statement has been released to update supporters...
Birmingham International Holdings Limited acknowledges that it has been in litigation with Seymour Pierce disputing the payment of fees and that summary judgment had been obtained by Seymour Pierce in relation thereto.
Birmingham International Holdings Limited is currently seeking leave to appeal the decision.
Birmingham International Holdings Limited stresses that the amount in dispute is immaterial to it and if payment is required to be made, will not have any material adverse effect on its financial condition or business.
It is stressed that Birmingham International Holdings Limited has not and will not lose control of Birmingham City Football Club as a result of this litigation.
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