As Birmingham City confirm a separate EFL charge, the club's annual accounts reveal another controversial stadium sale
7 January 2020
Birmingham City managed to decrease their net loss significantly in the 2018/19 season, but only due to a profit on the sale of their stadium to a subsidiary of the club's parent company, a similar manoeuvre to what other clubs have been criticised for.
The club have confirmed that they were charged by the EFL in relation to a business plan imposed upon them last season, requiring Birmingham to lower their cost control or face another points deduction.
The charge comes despite successfully increasing their revenue to £23.3 million and lowering staff costs by almost £6 million.
Birmingham City have sold their stadium to a subsidiary of the club's parent company, their annual accounts for the 2018/19 season reveal - a heavily criticised manoeuvre similar to that performed by several other clubs, potentially putting further strains on the club's already impaired relationship with the EFL.
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