Premier League keep eye on Birmingham's finances as European fate linked to survival
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By Nick Harris 6 March 2011 Birmingham's financial plans for the coming year will be scrutinised by the Premier League at the end of March in the first stage of the process that will determine whether the Carling Cup winners will be allowed to play in Europe next season or not. Uefa's licensing rules means clubs must be in good financial shape to take part in their tournaments; Mallorca of Spain were banned from Europe for 2010-11, for example, because they went into administration last year and couldn't provide guarantees they would survive. Birmingham have earned a place in next season's Europa League by beating Arsenal in the Carling Cup a week ago - but they could be denied the chance to take it up if they are in financial meltdown, as is feared could be the case if they are relegated, or perhaps even if they survive. The club's parent company's interim results, released last week, showed Birmingham International Holdings lost £5.2m in the six months to December 2010 and liabilities exceed assets by £27.5m. (
Premier League keep eye on Birmingham's finances as European fate linked to survival
Premier League keep eye on Birmingham's…
Premier League keep eye on Birmingham's finances as European fate linked to survival
By Nick Harris 6 March 2011 Birmingham's financial plans for the coming year will be scrutinised by the Premier League at the end of March in the first stage of the process that will determine whether the Carling Cup winners will be allowed to play in Europe next season or not. Uefa's licensing rules means clubs must be in good financial shape to take part in their tournaments; Mallorca of Spain were banned from Europe for 2010-11, for example, because they went into administration last year and couldn't provide guarantees they would survive. Birmingham have earned a place in next season's Europa League by beating Arsenal in the Carling Cup a week ago - but they could be denied the chance to take it up if they are in financial meltdown, as is feared could be the case if they are relegated, or perhaps even if they survive. The club's parent company's interim results, released last week, showed Birmingham International Holdings lost £5.2m in the six months to December 2010 and liabilities exceed assets by £27.5m. (