{"id":469116,"date":"2011-07-27T20:26:59","date_gmt":"2011-07-27T20:26:59","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/"},"modified":"2011-07-27T20:26:59","modified_gmt":"2011-07-27T20:26:59","slug":"birmingham-warn-fans-of-some-unpalatable-home-truths","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/","title":{"rendered":"Birmingham Warn Fans Of Some Unpalatable Home Truths"},"content":{"rendered":"
\n

Birmingham\u2019s finances have been in doubt since owner Carson Yeung was arrested in Hong Kong last month and charged with five counts of money laundering.<\/p>\n

Yeung, who denies the charges, has seen his assets frozen and shares in the club\u2019s holding company have been suspended.<\/p>\n

Acting chairman Peter Pannu has admitted he may have to make some \u201cunpopular decisions\u201d, telling the Daily Mirror<\/em>: \u201cUpon my return I may have to make some unpopular decisions and I hope the fans will understand that I effectively don\u2019t have a choice.<\/p>\n

\u201cThe club may need to do what is right and to buy time until Carson\u2019s assets are dislodged from the clutches of the courts in Hong Kong.\u201d<\/p>\n

Pannu is hopeful Birmingham International Holdings Limited will soon be able to meet the demands of its bankers, HSBC, and that trading in shares would resume, but could not offer guarantees of how the club would continue to fund itself in the meantime.<\/p>\n

\u201cAn update to the fans is long overdue and it is just fair they hear the latest developments from me now,\u201d added Pannu.<\/p>\n

\u201cBut I am not aware of their plans as to how they propose to fulfil the financial distress posed by the relegation scenario and the freezing of Carson\u2019s assets in Hong Kong.<\/p>\n

\u201cCarson had been trying hard to find new investors but the money laundering charges understandably meant that the progress had been slow.\u201d<\/p>\n

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\nBirmingham Warn Fans Of Some Unpalatable Home Truths<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Birmingham\u2019s finances have been in doubt since owner Carson Yeung was arrested in Hong Kong last month and charged with five counts of money laundering. Yeung, who denies the charges, has seen his assets frozen and shares in the club\u2019s holding company have been suspended. Acting chairman Peter Pannu has admitted he may have to make some \u201cunpopular decisions\u201d, telling the Daily Mirror : \u201cUpon my return I may have to make some unpopular decisions and I hope the fans will understand that I effectively don\u2019t have a choice<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469116","post","type-post","status-publish","format-standard"],"yoast_head":"\nBirmingham Warn Fans Of Some Unpalatable Home Truths - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Birmingham Warn Fans Of Some Unpalatable Home Truths - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Birmingham\u2019s finances have been in doubt since owner Carson Yeung was arrested in Hong Kong last month and charged with five counts of money laundering. 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Acting chairman Peter Pannu has admitted he may have to make some \u201cunpopular decisions\u201d, telling the Daily Mirror : \u201cUpon my return I may have to make some unpopular decisions and I hope the fans will understand that I effectively don\u2019t have a choice\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Birmingham Warn Fans Of Some Unpalatable Home Truths\",\"datePublished\":\"2011-07-27T20:26:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/\"},\"wordCount\":275,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/\",\"name\":\"Birmingham Warn Fans Of Some Unpalatable Home Truths - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-07-27T20:26:59+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Birmingham Warn Fans Of Some Unpalatable Home Truths - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/07\/27\/birmingham-warn-fans-of-some-unpalatable-home-truths\/","twitter_card":"summary_large_image","twitter_title":"Birmingham Warn Fans Of Some Unpalatable Home Truths - Ghanamma.com","twitter_description":"Birmingham\u2019s finances have been in doubt since owner Carson Yeung was arrested in Hong Kong last month and charged with five counts of money laundering. 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