Birmingham owners allay fears

Birmingham City's owners have moved to allay fears that they are in danger of losing control of the club to an investment bank.

On Thursday, Seymour Pierce revealed it would take control of the Blues unless the club's current owners came up with a £2.2million payment it claims to be owed before the end of May.

The bank, run by football dealmaker, Keith Harris launched court action to recover the fee it believes it is owed following Hong Kong businessman Carson Yeung's takeover of the club.

However, Birmingham International Holdings (BIH), which owns the Premier League club, insist there is no danger in them losing control at St Andrew's.

"Birmingham International Holdings Limited acknowledges that it has been in litigation with Seymour Pierce disputing the payment of fees and that summary judgment had been obtained by Seymour Pierce in relation thereto," read a statement on the club's official website.

"Birmingham International Holdings Limited is currently seeking leave to appeal the decision.

"Birmingham International Holdings Limited stresses that the amount in dispute is immaterial to it and if payment is required to be made, will not have any material adverse effect on its financial condition or business.

"It is stressed that Birmingham International Holdings Limited has not and will not lose control of Birmingham City Football Club as a result of this litigation."

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