The co-owner and chief executive of Birmingham will not be prosecuted after a two-year police investigation into suspected tax irregularities, their lawyers said on Friday.
David Sullivan and Karren Brady have been told no further action will be taken against them, law firm BCL Burton Copeland said in a statement.
The two were arrested by City of London Police officers as part of a wider investigation into corruption in football.
The statement said: "David Sullivan and Karren Brady are pleased to confirm that following a two-year investigation by City of London Police and Her Majesty's Revenue and Customs into Birmingham City Football Club, they have received written confirmation that a decision has been taken that no proceedings will be instituted.
"Whilst always confident of this outcome, the period of the investigation was understandably a stressful time and David and Karren are now happy to put the matter behind them and look forward to the future."
ht.blues.premiumtv.co.uk(Birmingham City's official website)
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