Following the publication of Birmingham International Holdings Ltd’s accounts for June 2011, December 2011 and June 2012, the Board of Birmingham City Football Club wishes to clarify a particular matter raised within the parent company’s recent accounts.
Drawing attention to the following paragraph:
“Subsequent to the end of the reporting period, the football registrations of two players were contracted for sale during the winter transfer window in January 2013 and the said transfers are expected to completed in August 2013. The terms of the agreement are confidential between the two parties and are therefore not disclosed.”
The Board can confirm that this relates to the sales of Jack Butland and Jake Jervis and outstanding installments due to be paid on specified future dates. The complete breakdown of both transfers will remain confidential as previously agreed by all parties and as per usual.