Blues duo deny wrongdoing
10 Apr 2008 - 12:59:53
Birmingham City's co-owner David Sullivan and managing director Karren Brady deny any wrongdoing in the City of London Police's current investigation into corruption in football.
The pair were reportedly quizzed in connection with allegations of false accounting and conspiracy to defraud on Wednesday.
The arrests followed last month's raid on the club as part of an ongoing investigation by the force's economic crime unit.
But a statement on City's official website read: "The City of London Police investigation is focusing on payments to a football agent and two players, dating back to 2002-03.
"There is absolutely no allegation that any director of the company or the club itself have benefited financially from any of this activity.
"In so far as there may be any implications for the company, these are not considered material to its financial affairs and they are in relation to the payment, or possible non-payment, of PAYE and National Insurance contributions.
"The club and its directors are co-operating fully with the police in this investigation and will continue to do so.
"For the avoidance of doubt we wish to make it plain that David, Karren and Birmingham City FC deny absolutely any wrongdoing."
Earlier on Thursday, City asked for shares in their club to be temporarily suspended "pending an announcement".