Source: Daily_Mail
Peter Pannu predicts birmingham exodus
Acting chairman Peter Pannu has warned Birmingham supporters to prepare for the worst with several high-profile exits expected before the new season starts. [LNB]The club's finances have been in doubt since owner Carson Yeung was arrested and charged with money-laundering in Hong Kong last month.[LNB] Yeung is contesting the charges but his assets have been frozen and shares in the club's holding company have been suspended. [LNB] Out of his hands: Birmingham keeper Ben Foster could be leaving[LNB]Pannu has already watched Barry Ferguson and Kevin Phillips join Blackpool while Craig Gardner was sold to Sunderland for ?5million. [LNB]Goalkeeper Ben Foster and defensive duo Scott Dann and Liam Ridgewell could be next and Pannu said: 'Upon my return I may have to make some unpopular decisions and I hope the fans will understand that I effectively don't have a choice. [LNB]'The club may need to do what is right and to buy time until Carson's assets are dislodged from the clutches of the courts in Hong Kong.' [LNB] Pannu hopes Birmingham International Holdings Limited will be able to meet the demands of its bankers sooner rather than later. [LNB] Where to now? Defender Liam Ridgewell could also be leaving St Andrew's[LNB]But he was unable to offer any guarantees, adding: 'An update to the fans is long overdue and it is just fair they hear the latest developments from me now.[LNB] 'But I am not aware of their plans as to how they propose to fulfil the financial distress posed by the relegation scenario and the freezing of Carson's assets in Hong Kong. [LNB]'Carson had been trying hard to find new investors but the money laundering charges understandably meant that the progress had been slow.' [LNB] Bad for business: Carson Yeung has been charged with money-laundering[LNB] CLICK HERE TO SIGN UP FOR OUR FREE FANTASY FOOTBALL GAMEBirmingham space to let, central location: City unable to find shirt sponsor following relegationScotland star McFadden attracting interest as Blackburn and Everton plot moves [LNB]
