Pannu re-elected to board of Blues parent but in reduced capacity
BIRMINGHAM City FC’s former acting chairman Peter Pannu has been re-elected to the board of the club’s owner but in a much-reduced position.
Pannu is now merely an executive director of Birmingham International Holdings will little by the way of influence over the company’s affairs.
The move was confirmed at the BIH annual general meeting, which took place in Hong Kong today.
The move had been expected.
Pannu quit the Championship side’s board of directors last month. The BIH AGM, originally scheduled for December 23, had proposed dumping Pannu from his position as CEO and managing director.
BIH issued a statement at the time saying it would have been inappropriate for Pannu to stay on in the same capacity.
In his new role, Pannu will not even be a member of the audit, nomination or remuneration committees.
As such his influence over board affairs is likely to be significantly eroded.
Sources close to the club said they believed the board had been angered by Pannu’s recent behaviour and for the picture it painted of the club’s finances.
Last month Pannu clashed with Blues supporters in an online rant which appeared to suggest the club could run out of money within weeks because of a possible £1.8m tax demand.
