Birmingham City owner issues profit warning

Birmingham City
The cost of mounting a promotion push for Birmingham City Football Club has led to its owner issuing a profit warning to shareholders. Hong Kong-based Birmingham Sports Holdings, which acquired the former Birmingham International Holdings after a protracted bidding process last year, has warned shareholders the business is likely to face a substantial increase in full year losses. An increase in players’ wages associated with new manager Harry Redknapp’s bid for Championship glory during the current season have been cited as... For the full story register now for free or login below...