Birmingham City Recieves Takeover Offer

Newly promoted FA Premier League club Birmingham City has announced that it has
been approached about a potential takeover bid.

The club informed the Stock Exchange that discussions had begun regarding a
buyout although the identity of the bidder remains under wraps due to the
regulations of the Stock Exchange.

A statement from the club read: ‘Such discussions are at a very preliminary
stage. The directors note that there is no certainty that a transaction will
result from the approach.’

Reports suggest that the bid has come from a Far East-based businessman with
a valuation of around £70m.

Birmingham City is the latest in a string of top-flight clubs that have
either agreed takeovers or received lucrative buyout offers in recent months.