Back to overview

As Birmingham City confirm a separate EFL charge, the club's annual accounts reveal another controversial stadium sale

BC

Getty Images | The sale of Birmingham City's St Andrew's stadium helped the club massively decrease their loss for the year, which stood at £8.4 million, down from £37.4 million last year, "primarily as a result of a profit on the sale of the stadium" - as the club describe it in their financial statement.

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.

7 January 2020 - 10:33 AM

By Emil Gjerding Nielson

Do you want to read this article?

Get smarter in minutes. Straight to your inbox
21-day free trial

No credit card required. No strings attached. Your access ends automatically, so there’s nothing to cancel.

Activate instantly with the link we’ll send you.