Birmingham City plc, the company in charge of the Barclays Premier League club, on Wednesday morning announced to the Stock Exchange that turnover fell 38% to £25million in the year up to August 2007 - largely due to relegation from the top flight in 2005/06.
"As shareholders are aware, discussions are continuing with GIH which may or may not lead to a cash offer for the company - however, at the time of writing this report it seems unlikely this will happen before the end of 2007," managing director Karen Brady said in Wednesday morning´s statement.
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