Blues settle their debt with bank
Birmingham have settled their £2.2million debt with Seymour Pierce but the club are still hopeful of recouping the cash.
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."
