Blues settle their debt with bank
Tuesday 27th April 2010, 9:33AM BST.
Birmingham have settled their £2.2million debt with Seymour Pierce but the club are still hopeful of recouping the cash.
The bank claimed Blues owed them money for their part in helping Carson Yeung launch his initial bid to buy St Andrew’s in 2007.
Despite paying up the club are still challenging the claim and released a statement this morning.
It said: “Birmingham International Holdings Limited announces that the full amount due to Seymour Pierce as a result of litigation over alleged unpaid fees stemming from the 2007 role of Seymour Pierce in advising Grandtop International Holdings Limited in acquiring an interest in Birmingham City Football Club has been fully paid.
“As previously announced, Birmingham International Holdings Limited is appealing the decision.”
UK Sport
Latest Blog — A week is a long time in football
This time last week we were staring down the barrel, third from bottom with a worse record than at the same stage last year, writes Saddlers blogger Mark Jones.
Saddlers Blog
Business Awards
Book a Business Awards table
Join our celebrations of the region's best in business on Thursday March 22 - book your table now
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Express & Star and Shropshire Star's teams to help you decide where to eat.
entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases
OUR NEW APP
Get the new E&S app
Download the Express & Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
expressandstar.com
Popular sections
Useful links
