Birmingham City: BIHL receivers reveal five offers for club

Blues are the 15th-best supported Championship club this season, averaging gates of 15,885 at St Andrew's

Five offers have been received for Birmingham City, the club's parent company Birmingham International Holdings Limited (BIHL) has confirmed.

The receivers Ernst & Young, who have been running BIHL since February, made the announcement in a statement to the Hong Kong Stock Exchange on Tuesday.

"The receivers are exploring all strategic options," it read.

"Including a number of offers from parties expressing an interest in the company and/or Birmingham City Plc."

The statement from Ernst & Young, who are in effective control of BIHL, added that they "have received five indicative non-binding offers from independent third parties in relation to possible acquisition of an interest in the company and/or Birmingham City plc".

Ernst & Young stated earlier this month that the sale of the club remained a "last resort".

The Football League has already said it is happy that enough funds are available to allow the Blues to complete the current Championship season.

They have received assurances that City, 15th in the table and 12 points clear of relegation trouble, are in no financial danger.

Blues' former owner Carson Yeung, who bought the club in 2009, is currently serving six years in prison for money laundering.

Ernst & Young were asked to take control of BIHL in February to ease the in-fighting on the board, appointing Stephen Lui as chairman and David Yen Ching Wai as chief executive.

Peter Pannu, Blues' former acting chairman, was removed from the BIHL board, along with Chan Shun Wah, while seven other directors resigned.