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Message from the board; Peter Pannu
Topic Started: Jan 12 2012, 10:30 AM (1,076 Views)
clapton bluenose
Alex Govan
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I have read it twice now and like some of the positives to be taken from 2011 he mentions. Most notably is view on our future with regards to developing our own players.

He also states no players will leave the club without the consent of chris hughton again a positive for me.

Overall it gave the impression things are not as bad as some would have us believe.

http://www.bcfc.com/page/News/NewsDetail/0...2572450,00.html
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Roger Jones
Steve Claridge
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But else what would you expect someone in his position to say? I'm glad he's made an effort to relate to us, but there's a long way to go. These Chinese folk are making David Sullivan look as if he was good at PR!

What would be really re-assuring is for him to pass on greetings from CY, re-assuring us of his continuing interest and support. It would practically mean anything but would go a long way to restoring relationships with the Fans.

I know the Chinese culture likes to play everything "close to their chest", but we are an English club and they should acknowledge and understand that. Relationships are generally built around mutual communication rather than legal rights!
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Des
Malcom Page
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Very positive spin well done PP. Whatever the future holds its better to be cheerfull about it!

KRO
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curlyminogue
Unregistered

Hmm.. I find the bit about all of the players being available for sale very reassuring.
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B25 YEWTREE LOYAL
Alex Govan
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well if there are two ways of reading it why bother to take the positive one...pointless Peter you may as well have printed a blank page because some are reading into what you have said,others are changing the words around to suit themselves and have the audacity to call you a Spin merchant.Que Sera as far as im concerned im just happy watching Birmingham City..

Oh and the telling part of the article is that he would only like to thank the majority of the supporters and NOT all of them..so yes he has been personally rattled whilst trying to do his best
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B25 YEWTREE LOYAL
Alex Govan
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curlyminogue
Jan 12 2012, 10:56 AM
Hmm.. I find the bit about all of the players being available for sale very reassuring.

its the same at any club in the world Curly
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clapton bluenose
Alex Govan
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B25 YEWTREE LOYAL
Jan 12 2012, 11:04 AM
curlyminogue
Jan 12 2012, 10:56 AM
Hmm.. I find the bit about all of the players being available for sale very reassuring.

its the same at any club in the world Curly

Exactly every player has is price.

Pannu is learning how to play the game.
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KPblueKP
Steve Claridge
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I thought it was about time we heard from the owners and thought it a well written and concilatory piece. He probably cant say very much about "our financial troubles" but even admitting this would take a lot for a Chinese person for whom "face" is culturally very important I believe. Of course all players are for sale-even Man U cant keep players so we dont stand a chance-the key for me is to keep Hughton and to keep us in contention for the play offs until the financials are sorted or new owners come in. So thanks Mr Pannu--and more communciation please
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beegeeblueboy
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Bob Latchford
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Administration has never been on the cards. BIH has wealthy shareholders and it makes sense for them to prop up BIH rather than let it go under (BIH is sitting on the potential for enormous revenue streams from land and property deals in its portfolio), thereby taking BCFC with it.

It does no harm from a commercial standpoint for BCFC to be viewed as being owned by a cash-strapped holding company
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bluesky
Geoff Horsfield
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Some re-assuring words yep but why does he only want to thank the 'majority' of fans?
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Des
Malcom Page
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Beegee
Dont want to p**s on yr parade bro but BIH has no assets apart from us. It was set up just as a vehicle to purchase us and then had a name change to BIH to help market the brand.
Its actually a worthless shell company, If Ever the share suspension ends the value will be miniscule.

KRO
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The_Bear
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Gil Merrick
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bluesky
Jan 12 2012, 01:33 PM
Some re-assuring words yep but why does he only want to thank the 'majority' of fans?

Something to do with the Carson song perhaps?
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bluenosedave
Bob Hatton
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Des, not strictly true mate.....Grandtop International Holdings changed its name after the purchase of the club so one would assume from the fact that they were already trading that they already had something to trade with. If you look BIH up on the web you will see that clothing manufactring, energy suply and various other interests are listed as part of the group so to say we are their 'only' asset is probably doing their other activities a disservice, however we are probably their biggest (and I would guess by some way!) asset.


To be honest I will start to get worried if/when we start to hear about redundancies in people behind the scenes who run the club like commercial staff, ticket office staff, etc.......or hear of unpaid tax bills etc (specially with the new aggressive stance being taken by the tax office in all matters football related!). when substantiated stories of operational staff redundancies and unpaid tax bills start to surface then we can start to fear for the clubs safety (I stress substantiated cause it's easy for some one to throw a blind rumour into the pot and watch it screw up the stew!).
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kopcorner37
Garry Pendrey
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I feel a lot better after reading that about the clubs financial state. When he talks about clubs can only spend what they earn I think that is already in place with us.

Was interesting to see that the club were planning to re develop the main stand too. Whether that means knocking it down or having a lick of paint it will be interesting to see when he has full control of expenditure etc when the assets are unfroze.

Focus on the youth while blending them in with experience, why not man utd & wet spam have done it for years and made a nice couple of quid from developing nothing into 5-6 million quid.. Easy money. But at the same time we don't want to be seen as a selling club if we want to higher the standards. And by the sounds of it we shouldn't expect too many signings from now on for big money etc..
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Prawnman
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Paul Tait
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I know that Pannu also keeps on mentioning the Fair Play Rules, but he has a real point, the days of mega rich individuals investing there own money are coming to an end over the next few years, for example:

* Clubs will be able to record maximum losses of £39.5m before 2014

* From 2014 to 2017, the overall permitted loss will fall to £26.3m

* Owners cannot bail clubs out of debt with personal wealth

Clubs have three years to start breaking even.
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Des
Malcom Page
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BND
Last time I checked their turnover was within coppers of BCFC so apart from taking in the odd bag of washing and a hairdressers (temporarily Closed) in Kowloon
doesnt seem much there!!

KRO
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Des
Malcom Page
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Prawnman

There are no rules in the world to stop rich individuals baling out clubs, these rules are brought in to stop numpty clubs like Blues |Bolton Blackburn Pompey Leeds (prior to Ken Bates) taking the road to ruin.
It will have little or no effect on the Chelskis or Citehs of the world. They just take share options against cash they put in or like Citeh pay a ridiculous amount for naming rights from an in house company.
KRO
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bluenosedave
Bob Hatton
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Des, still doesn't detract from the fact that they were trading before they purchased Birminghan City football Club, albeit as Grandtop, so they must of had some turnover before they purchased the club. As I said we are probably their biggest asset to date. It is highly likely, looking at the individuals associated with BIH, that BIH/Grandtop are more likely to be a team of individuals who have pooled their resources as it would appear that they all have business interests elsewhere......my view of Grandtop/BIH is that it is very much an umbrella corporation of other smaller singularly owned businesses, Grandtop/BIH is the company then used when the investment being made comes from a number of those comapnies/individuals...............rather like Airbus is actually an umbrella for BAE in UK, Dassault in France, etc to enable them to compete on an even footing with Boeing, etc.

It may be one of the reasons why, as you intimated, Grandtop/BIH do not seem to have a high turnover......if I'm correct in my assumptions then it does not stop the companies covered by the umbrella having much higher turnovers but these get reported as turnover against the individual company and not the umbrella company. Which is probably why Grandtop/BIH bought the club in the first place in order to inject cash into the individual companies via Grandtop/BIH, not ethical I agree but I suspect it's what the golds and DS where also doing and I'd suggest a lot of other companies are buying PL clubs to do the same thing (Venky's for instance!). Relegation from the PL scuppered all that and, unlike under the previous board, their are too many individuals with a say about what happens to the club.....hence the apparent inactivity from a financial point of view because they cant decide/agree to sell or invest! (although that is only my take on the situation!).
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tony123
Alex Govan
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It's fair enough write up accentuates the positives and why shouldnt it. This is exactly the way Pannu needs to come across. At the end of the day he is there to sell the club to business, fa rep and punter alike.

I know he was furious over McLeish and he lost his cool a little bit. He can be a good executive when he wants to be keep it up Pannu.

:blues:
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baron von bluenose
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Bob Latchford
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hughtons gonna agree cuz if he sells 2 he can have 4 back in
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citytillidie
Kenny Burns
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I thought it told us absolutely nothing that we didn't know already
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blue ruin
Geoff Horsfield
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I really couldn't understand why anyone in their "right mind" would pay £80m for a Club that was probably worth around £15-£20m.

Obviously money laundering never crossed my mind.

:angry:
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clapton bluenose
Alex Govan
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The Trifle
Jan 13 2012, 07:23 AM
I really couldn't understand why anyone in their "right mind" would pay £80m for a Club that was probably worth around £15-£20m.

Obviously money laundering never crossed my mind.

:angry:

Surely if your money laundering & paying well over the odds for a UK prem team, is only going to draw attention to yourself.

Whilst it remains a possibility I prefer to wait and see what transpires in the court proceedings.
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blue ruin
Geoff Horsfield
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clapton bluenose
Jan 13 2012, 07:55 AM
The Trifle
Jan 13 2012, 07:23 AM
I really couldn't understand why anyone in their "right mind" would pay £80m for a Club that was probably worth around £15-£20m.

Obviously money laundering never crossed my mind.

:angry:

Surely if your money laundering & paying well over the odds for a UK prem team, is only going to draw attention to yourself.

Whilst it remains a possibility I prefer to wait and see what transpires in the court proceedings.

We are talking about someone who got caught aren't we.

:whistle:
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clapton bluenose
Alex Govan
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The Trifle
Jan 13 2012, 08:09 AM
clapton bluenose
Jan 13 2012, 07:55 AM
The Trifle
Jan 13 2012, 07:23 AM
I really couldn't understand why anyone in their "right mind" would pay £80m for a Club that was probably worth around £15-£20m.

Obviously money laundering never crossed my mind.

:angry:

Surely if your money laundering & paying well over the odds for a UK prem team, is only going to draw attention to yourself.

Whilst it remains a possibility I prefer to wait and see what transpires in the court proceedings.

We are talking about someone who got caught aren't we.

:whistle:

Not at all.

He has been charged with a crime but that does not necessarily mean he will be found guilty.

I still believe he will get off tbh.
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