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Birmingham up for sale as new bidder emerges

Relegation from the Premier League, no published accounts for the past two years and the largest shareholder arrested on five counts of alleged money laundering it is no surprise that the club will become a predator for new owners.

The Blues under new boss Lee Clark have won just three of their first 10 Championship matches and lie 21st in the table, just three points clear of the relegation places

It is reported that ex-Queens Park Rangers chairman Gianni Paladini was leading one bid after having a £25m offer rejected and the club have announced that are now two separate contenders.

"The company has been approached by two prospective buyers to explore the possibility of buying Birmingham City FC," said Chief executive Peter Pannu.

The club said that their long-term plans have become even more clouded in the 16 months since Yeung was arrested and Pannu went on the record in May to say that they were open to offers of new investment.

Birmingham International Holdings Limited, the Hong Kong-based parent company, have not indicated how much any potential sale might raise.

FG

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