We don’t post “direct news” often, but I thought this was an important one. The following statement has just been posted on BCFC Home page here.

CLUB STATEMENT

Birmingham City FC can today confirm that Birmingham International Holdings Ltd (formerly Grandtop International Holdings Ltd) have been granted leave by the court of appeal to defend the Seymour Pierce legal case.

Back in April 2010 Seymour Pierce put a charge over Blues shares and threatened to take control of the Club due to a dispute over consultancy fees for their services during the Club’s takeover. This ended in Birmingham International Holdings having to pay a £2.5 million bill to Seymour Pierce.

But, after receiving supporting grounds of appeal the judge has given the Club’s owners leave to appeal against the judgement on the basis that there is “a real prospect of success.”

A date for the appeal will be confirmed in due course.

The club cannot make any further comment on this situation.