Birmingham FC falls to offshore
November 17th, 2009
Birmingham assure fans that Carson Yeung is not just a ‘front man’ and remains in charge - Telegraph.
Despite calls for greater transparency over the ownership of football clubs, it has emerged that unidentifiable investors could now have a controlling interest in Birmingham City, after a hefty percentage of the company which owns the club was transferred to two unknown companies registered in the British Virgin Islands.
Yet more degradation of British life as a consequence of offshore secrecy.
I don’t think they will be able to keep the results a secret, and whilst there has been talk of a new ground it is likely to remain in Birmingham - notwithstanding Yeung’s apparent interest in developing a Chinese branch.