Date: 12th June 2018 at 3:30pm
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The Birmingham Mail are reporting that Tony Xia is seeking £30million in exchange for a percentage of equity in the club.

The money is believed to be needed in order to keep the club’s financial problems at bay, although the owner is said to be prepared to sell the whole club at the right price.

Justifiably, fans on Twitter are pretty pessimistic about the latest turn of events:

Verdict:

The fact that Xia will only sell the club outright if he receives an amount close to what he paid for the club in 2016 is concerning. It doesn’t look likely at the moment that a takeover offer would be close to the £80m plus he would want.

There is talk that one consortium may make their interest known before the end of the week, but it seems apparent that the owner is still trying to keep hold of the club by seeking smaller investors.

 
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