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.
Do you want to read this article?
Get instant access by signing up for a 7-day free trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.