ROWETT STAYS POSITIVE DESPITE TEN-POINT THREAT
BIRMINGHAM City boss Gary Rowett is hoping his side will not have to face a ten-point deduction after the Blues’ financial woes came back to haunt them yet again.
Parent company Birmingham International Holdings Limited went into receivership on Tuesday, and while Birmingham could face a points penalty and slide back down into relegation trouble, Rowett believes that can be avoided.
“That’s something we’re hoping won’t happen,” he said. “I just hope people see it might be a way of moving forward – it doesn’t mean the club suddenly haven’t got the money to continue.”
Birmingham have come on leaps and bounds under former defender Rowett since his appointment in October. He added: “I think we’ve made huge strides at the club.
“We were three or four points adrift of safety and now we’re sat mid-table.
“We want to achieve more now, and that’s got to be the full focus on the pitch and not worrying about anything off it that might spread a little bit of negativity.
“If the worst comes to the worst, which I don’t think it will, we’ll take it on the chin and crack on.”
CAN Birmingham escape a points deduction after calling in the receivers? Having done so purely to rid themselves of parasitical owner Carson Yeung, one would certainly hope so.
Ultimately, however, it depends how dogmatically the Football League interprets the phrase ‘insolvency event’.
If the Blues are to be believed, no creditors have yet been compromised. No winding-up petition has been issued. No CVA mooted. And whilst receivers are almost always appointed to save a failing business, that is not exclusively the case. Stump up enough cash and you could get them to run your corner shop.
Under those circumstances, it is difficult to argue that the Blues are insolvent. Most encouragingly, rule 12.3.2 states that the Football League will “have regard to all circumstances of the case” and consider the need to “protect the reputation of the competition”.
Given that Birmingham’s actions could see the club sold, thus ending the League’s association with a convicted money launderer, I’d say Blues are doing the League a favour. Let’s hope they see it the same way.