Birmingham Suspend Shares Following Arrests
Birmingham City have asked for their shares to be temporarily suspended "pending an announcement" later today.
The club's managing director Karren Brady and co-owner David Sullivan were arrested and questioned by police on Wednesday in connection with allegations of false accounting and conspiracy to defraud. The club said said that the pair were invited to "cooperate" with the investigation "and have happily done so". Both were later bailed.
The club previously said it was "fully committed" to working with the police after their ground was searched by City of London police last month regarding an investigation into soccer corruption. A further seven people, including Portsmouth manager Harry Redknapp, remain free on bail in connection with the inquiry after being arrested in November. Others arrested then include former Portsmouth chairman Milan Mandaric, who is now at Leicester; former Portsmouth player Amdy Faye and his agent, Willie McKay; and former Portsmouth chief executive Peter Storrie.
The club's managing director Karren Brady and co-owner David Sullivan were arrested and questioned by police on Wednesday in connection with allegations of false accounting and conspiracy to defraud. The club said said that the pair were invited to "cooperate" with the investigation "and have happily done so". Both were later bailed.
The club previously said it was "fully committed" to working with the police after their ground was searched by City of London police last month regarding an investigation into soccer corruption. A further seven people, including Portsmouth manager Harry Redknapp, remain free on bail in connection with the inquiry after being arrested in November. Others arrested then include former Portsmouth chairman Milan Mandaric, who is now at Leicester; former Portsmouth player Amdy Faye and his agent, Willie McKay; and former Portsmouth chief executive Peter Storrie.
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