The owner of recently relegated English Premier League team Birmingham City, Birmingham International Holdings Ltd, had blunted circulating rumors, saying it had 'no immediate plans' to sell off the controlling stake in either the football club or its holdings firm.
According to a statement filed with the Hong Kong Stock Exchange, "No written agreement has been reached or signed with any party in relation to the disposal of all or parts of the company's equity interest in Birmingham City Plc and/or Birmingham CIty Football Club."
This was in response to media articles discussing the possible sale of the team upon the request of the Hong Kong Stock Exchange. The statement did not identify the publications it was responding to with the statement.
Last February, the company was approached by a sports management company who represented a consortium of investors seeking to purchase the team. This came after the team was relegated from top flight football in the year's campaign in 2011. This was also the time when its largest shareholder, Hong Kong tycoon Carson Yeung was arrested on five counts of money laundering in Hong Kong where he is currently facing a trial.
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