Often Partisan

Video Podcast – Exclusivity

Last night news broke of a Birmingham International Holdings granting Trillion Trophy Asia a period of two years exclusivity to buy BCFC.

Key points:

  • It’s a positive step but we still don’t know who Trillion Trophy are
  • Two years is an extraordinary length of time for an exclusivity agreement – which points to the complexity of the agreement and the attempts to interfere from outside third parties
  • That there are questions over how much of the money loaned to BIH will find it’s way to Birmingham City – and how much into the pockets of EY

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36 Responses to “Video Podcast – Exclusivity”

  • Walker says:

    I hate to sound negative but this doesn’t sound good to me. Why cant we be a normal club that get purchased in a month.

    2 Years and a loan against our ground?!?!?! wtf. I didn’t think anyone could use the ground

    • almajir says:

      Weren’t you the guy bawled me out for being negative about transfers?

      ;)

    • OllieBluenose says:

      It would be easy for us to be a normal club if we had normal ownership.

      Our football club is owned by a company who are listed on the HKSE with numerous shareholders involved, so it’s not as straight forward as, “I’ll give you £20million” “I want £30m” “Meet you halfway?” “Deal”.

  • ian ambrose says:

    Where 7 bidder takeover at blues no proof and no name list ????

    • almajir says:

      Ian

      EY announced it to the stock exchange, they won’t have lied. I know of at least four of them. Sorry, but they don’t share info with peons like us.

  • Richard Granfield says:

    Surely this is good news. For the last four years fans have been wanting the to see the end of the Carson regime and for new owners to step forward.
    Of course St Andrews is the collateral for the loan this is natural. It is the same as if a person takes out a mortgage to buy a house.

    • Hillfield Blues says:

      My sentiments exactly. Always going to be the case that St Andrews was going to be used as collateral for loans whilst we are in this mess. My only question in this is because a potential deal could take 2 years,does that mean that E&Y could be still be around in 2 years? And if so what would their bill be then?

  • Dave Mann says:

    Now we know why transfers have dried up .. I agree Dan that it’s not wise to spend money on players we haven’t got or as been borrowed .. It’s more debt and more problems to come , we’re just have to get in what we can and deal with it .. We won’t be getting any quality players as fans keep asking so were have to deal with that also so we carry on regardless and I for one along with my family will still go to most games home and away because it’s still Birmingham City FC after all isent it !! Kro

  • ChrisG says:

    Wasn’t something set up recently with brum council when a lot of fans were worried that CY was gonna sell Stans?, I can’t remember the full ins & outs ( due to the brain not functioning that well anymore!! ) but I think it was about stans being an essential part of the community which stopped any sale of the ground. Surely if this did happen then securing a loan against it is a no go.

    • almajir says:

      The ACV?

      Yeah, I’ve mentioned this a few times – including in the comments on the last article. It gives the Trust first option to buy the ground but doesn’t stop it being mortgaged or repossessed…

  • peter bates says:

    Dan if Carson yeung his still major shareholder in bih and owner of bcfc would e&y have to speak with him or his advisors about what his happening in regards to the company or bcfc or will e&y have to inform all shareholders im not business minded so its a layman’s question kro

    • almajir says:

      Peter

      That’s what they are doing when they make announcements to the stock exchange, informing shareholders…

  • fingles says:

    Thanks for the update Dan.

  • peter bates says:

    Thanks Dan kro

  • Mitchell says:

    This is good news without doubt. Our future is secured for at least 2 years and money to invest in players. Expect the signings now to begin with dare I say it Tesche leading the way. If Mawson joins then all the better.This time last year we were fretful of even completing a season without points deduction-today we are a million miles away from those dark days. Celebrate a period of stability and keep eyes glued for the incoming lads. I won’t give an exact day as Richard Granfield gets fed up with my predictions!

    • Richard Granfield says:

      Mitchell…….I have no problem with your right to predict. I just query your sources, as they haven’t as yet been remotely accurate.

  • Mitchell says:

    In simple terms I view this very good news regarding TTA and the 2 years exclusive period like this. If someone is being abused over a long period then action is hopefully taken to protect them namely foster guardians. BCFC has been abused for far too long and now thanks to E&Y (not forgetting Mr. Pavlakis), are now being protected by guardians for the foreseeable future. No one can come in and interfere by means of bleeding us dry. Total protection is what was needed and now we have it. Good feeling all round regardless of whether we finish in the play offs or not. This is far more important.

  • Dave Mann says:

    I honestly don’t know what to think on this whole saga now .. So from now on its football and only football I won’t to talk about . Kro

  • ChrisG says:

    I suppose it would be too easy for this lot to come out & say “hi we’re TTA this is who we are & this is what we plan to do with BCFC & BIH”???!!!!!

  • rhees says:

    Lets see what happens hopefully this is the hold up in bringing in players

  • weymouth blue says:

    Dan, please help me out here, I,m confused, didn’t you say that you were sure that tta were only interested in the HK listing and not bcfc? now it appears the opposite is true….or have I missed something?

    • almajir says:

      At first it appeared that was the case but the last month or so I have heard (and have said) that they are interested in the football club…

  • Blue Steve says:

    This deal will still be subject to shareholder approval therefore Carson can surely veto it at this time? Like you say BIHL will have to diversify their interest if they are to sell BCFC and retain their listing. Will Ernst and Young make the decisions on how they diversify?

  • FellowBlue says:

    There’s endless possibilities really.
    Maybe this is the best deal and EY are trying to make sure it happens for the club like we all hope?
    Then again maybe they have just done what they have in order to make available funds to pay themselves and keep things ticking over while all the court hearings ect continue?
    Do TTA want the listing or the club….or both? Impossible to say as I think whatever they are after they had to help EY financially to protect their planned investment (whatever that may be)
    I’ve got to be honoust I don’t really no what to think anymore…except I am genuinely concerned about the ground that’s for sure.
    As always thanks for the updates dan KRO

    • rhees says:

      Again this is a time of uncertainty but it dosnt mean its bad. We don’t know how this is going to go would love to see tta show there colours now

  • Dean says:

    Let’s face it. We’re not going to be a club in five years time, are we?

    Why not just set up the pheonix club now and get on with it?

  • Mitchell says:

    If ever there was a well run Club it is Ipswich. Today they have accepted a bid of £8m. fof Tyrone Mings from Bournemouth. Chairman of Ipswich has told Mick McCarthy to spend it and go for promotion. I sound envious and believe me I am.

  • Dave Mann says:

    If we get £7million for Gray then we might see £700k and that’s about it , let’s bite our lip and deal with it please!!!! Kro

    • StaffsBlue says:

      If we managed to sign Tesche, at the rumoured £500,000k, that would be a marquee signing for us. If it does happen, I can’t see us paying a transfer fee for many others, maybe the odd £50/100,000 but not much more, so I’d expect the other signings to be made up of freebies and season loans. But, we didn’t do too badly last season on those kind of parameters, so I’d be ok with that.

      I think if we were to sell Donaldson though, we’d be in the brown stuff, because, apart from Cotterill with the odd free kick, we don’t have anyone else who can score more than half a dozen goals a season.

  • Dave Mann says:

    I think that we’ve all forgot about Alex Jones , he’s a very confident young man and no one in this league is aware of him as well as us .. He wants to play and promises goals . What have we got to lose ? .. He might just be that player that none of us have mentioned that might be that Spark that we all need .. Take note!! Kro

    • StaffsBlue says:

      I didn’t forget him, I just assumed he’d been brougt in for the developement squad. To be fair Dave, I think every striker we sign promises goals. Not many of them actually deliver though. But, I wouldn’t want to knock the lad’s confidence, I just hope he puts his boots where his mouth is. :)

  • Bluey says:

    An investment group we know very little about are loaning money to BIH (who have proven to have no financial acumen whatsoever) using our beloved St. Andrew`s as collateral. Not only that but any decent would-be owners with the best intentions of The Blues can`t do anything for 2 years even if TTA decide not to proceed. All this could be good news and everything may turn out fine n dandy but i have serious misgivings. Why don`t these investors tell us who they are and what plans they have because all this cloak and dagger stuff is wearing very thin.


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