Blues seek share suspension
10 Apr 2008 - 09:05:12
Birmingham City officials have asked for shares in their club to be temporarily suspended "pending an announcement".
The move comes just hours after co-owner David Sullivan and managing director Karren Brady were arrested by City of London Police as part of their ongoing investigation into alleged football corruption.
The pair were reportedly quizzed in connection with allegations of false accounting and conspiracy to defraud.
The arrests followed last month's raid on the club as part of an ongoing investigation by the force's economic crime unit.
The Blues released a statement saying they were: "fully committed" to helping police with their enquiries.
Meanwhile, on Thursday morning officials instructed the London Stock Exchange to suspended their shares ahead of an announcement.
The initial statement read: "David Sullivan and Karren Brady, on behalf of Birmingham City Football Club, were invited to co-operate with a City of London Police investigation and have happily done so.
"By long standing appointment, they have willingly attended interviews today (Wednesday).
"Birmingham City is fully committed to helping the police with their enquiries.
"For the avoidance of doubt, no charges have been brought."