Birmingham in takeover talks with mystery Hong Kong party

Birmingham City are at an advanced stage in discussions with a mystery Hong Kong party interested in a takeover of the npower Championship club.

The board of Birmingham International Holdings Limited (BIHL), City's parent company, today told the Stock Exchange they are in talks with two parties from Hong Kong and one from the UK - believed to be Gianni Paladini's Italian-backed consortium.

"A balance will be struck between what is the most beneficial for the shareholders and what is the most appropriate for the development of BCFC as the board acknowledges that football is a business where, inter alia, the aspirations of the fans need to be considered."

– Statement from BIHL