Birmingham City's ability to source new investment has been hampered by the freezing of Carson Yeung’s assets in Hong Kong.
And as a result there could be some ‘unpopular decisions’ made by Yeung’s right-hand man Peter Pannu when he returns from the Far East next week.
Blues parent company, Birmingham International Holdings Limited (BIHL), are trying to resume trading on the Hong Kong Stock Exchange.
And although there is one interested backer keen to aid BIHL, Yeung’s predicament has meant that Blues dire financial plight shows no sign of improving, at least in the short-term.
And that could mean the sale of more players, which would weaken manager Chris Hughton’s hand as he tries to turn Blues into a genuine Championship promotion contender.
And to make matters worse, Blues bankers HSBC are putting the club under pressure and a new dispute has arisen with kit suppliers Xtep.
Yeung, who has the largest individual shareholding in BIHL at 26.31 per cent, has had his assets frozen while he awaits court proceedings to answer charges of alleged money laundering.
Vico Hui, Blues chairman and chief executive officer of BIHL, and their finance controller Pauline Wong, are heading up the search for help.
“Carson has been trying hard to find new investors, but the money laundering charges understandably meant that the progress has been slow,” said Pannu.
“I understand that there is one interested party and they are working on it and BIHL’s board are now trying to resume trading of the stock.
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