Birmingham City have a new manager but Agatha Ruiz Dela Prada Book Bags appear to retain same old problems
Gary Rowett has been appointed as the Birmingham manager following Lee Clarks sacking and Saturdays traumatic 8-0 home defeat by Bournemouth but the trials of Blues supporters are unlikely to ease any time soon. While Carson Yeung, principal of the 81.5m takeover of City from David Sullivan and David Gold in 2009, is in prison Are Prada Mens Shoes Worth It after a conviction for money-laundering in March, the Hong Kong parent company, Birmingham International Holdings Ltd, shows scant interest in the grim decline it has overseen at St Andrews.
A former banker, Panos Pavlakis, whose partner is related to Yeung, has been installed as BIHLs representative director and has garnered some surprise approval, working in the clubs offices, unlike his predecessor Peter Pannu, who in his last two years rarely came over from Hong Kong.
Pavlakis is said to have been key to BIHL releasing 3m over the summer to tide over the players and giving Clark some money to juggle with in the transfer market. It led to Birmingham actually paying for a player C the midfielder David Davis, signed from Wolves for a fee of around 100,000 C which has become an increasingly rare event in these straitened years.
Pavlakis ensured BIHL agreed the sacking of Clark, who was well regarded within the club and by many Birmingham fans but whose team are second-bottom. They have won only one league match at home since October 2013, a 1-0 victory over Brighton in August. His final two home defeats, to Fulham and Bolton, two other recent Premier League clubs who were inhabiting the Championship relegation area, brought about Clarks demise.
There was sympathy for Agatha Ruiz Dela Prada Book Bags him and a recognition Rowett, a former Birmingham defender, will also enter a club shorn of investment and credible direction. They are owned by a Hong Kong-listed company which this month declared All Prada Nylon Bags 11m losses and 22m bank loans secured on land and buildings in the UK, unquestionably St Andrews. Clark only just steered Birmingham clear of relegation last Agatha Ruiz Dela Prada Shoes Uk season via a last-minute equaliser by Paul Caddis in the final game of Agatha Ruiz Dela Prada Sale Uk the season at Bolton, sending Doncaster Rovers down to League One instead on goal difference. Birmingham are already facing a relegation battle and without some distinct change in fortune, or ownership, a return to health and prosperity remains a far-off aspiration.
This is all a world away from the vision painted by Yeung when he took over at the then Premier League club only five years ago, promising multimillion pound investment and for Birmingham to be a brand in China and the far east, the hub of a sportswear and merchandising conglomerate.
In fact, the Hong Kong court found in his trial, Yeungs 55m fortune was the proceeds of crime which he laundered; and he had a previous conviction, for failing to declare a shareholding in another company, before the Premier League approved his 2009 Authentic Prada Handbags For Cheap takeover.
The league decided Yeung was a fit and proper person under its rules because that offence, of misleading the Hong Kong stockmarket, would not have been a criminal offence here. The football authorities say they were unaware Yeung was Authentic Prada Canvas Bag under police investigation for money-laundering at the time he presented himself as the modern visionary for Birmingham City.
Citys statement of its ownership, required under Football League rules, still has Yeung as the single biggest shareholder of BIHL, with a 19.2% stake Agatha Ruiz Prada Online Shop retained despite his six-year prison sentence. There are reports Yeung has now sold his shares but retains a major option to acquire more, in return for the 15m the club owed him for loans he put in before he was arrested.
The Hong Kong stock exchange on which BIHL, registered in the Cayman Islands tax haven, is listed now notes four other major shareholders: two individuals, Ma Shui Cheong and Yang Yue Zhou, who is thought to be the most significant, and two companies, U-Continent Holdings and Deluxe Crystal. None are familiar to Birmingham fans, who are bewildered by the plight Biggest Prada Store London of the club and BIHLs reluctance to sell it although the supporters trust, Blues Trust, said this month it appreciated having met Pavlakis replica prada crossbody bags, who has not yet given any media interviews.
It is understood BIHL is putting up a price of 31m for a sale of Birmingham, which is considered to be impossible to achieve for a financially rundown club on the edge of League One.
Daniel Ivery, author of the excellent Often Partisan website and a book investigating the years under Yeung C a former hairdresser C entitled Haircuts and League Cups, has concluded BIHL is keeping the club because it wants to retain a listed company on the Hong Kong stock exchange.
A new manager is taking charge but a decent new era for Birmingham appears a long way off.