Birmingham City chairman Carson Yeung has invested a further £4m into the club after acting chairman Peter Pannu insisted the club was in a healthy financial position.
Speaking to the club’s official site, Pannu said the Premier League side was in credit with its bankers and questioned the ‘journalistic-induced scaremongering’ that had surrounded the Midlands outfit.
The news comes as City’s holding company, Birmingham International Holdings Limited, confirmed the completion of a share issue raising £6.8m.
Commenting on the investment, Pannu said: "Carson has done so to show his unfailing support for the club and to quell recent media reports raising financial uncertainty against the club which came as a result of journalistic-induced scaremongering.
"We are still in credit with our bankers and this money is for players we have invested in since we came in and is topping in total to some £31 million now.”
In January the club had to deny that a new shareholder had invested in Birmingham International Holdings Limited.