Birmingham City shares suspended 'pending announcement'

10-04-2008

Birmingham City shares suspended 'pending announcement'
Premier League club Birmingham City have asked for their shares to be temporarily suspended "pending an announcement".

Trading in the St Andrews-based football club ceased as of 07:30 BST today at the request of the company, which is listed on the Alternative Investment Market based in London.

It follows the news yesterday that co-owner David Sullivan, 59, and managing director Karren Brady, 39, were arrested by the City of London police as part of an investigation into corruption in football.

The two were arrested on suspicion of conspiracy to defraud and false accounting but were later released without charge.

The club said Sullivan and Brady "willingly attended" the interviews, which were made "by longstanding appointment".

It is believed the pair were questioned in connection with a probe that revolves around Senegalese midfielder Amdy Faye, who is currently on loan at Rangers from Charlton Athletic.

Birmingham City made a brief statement yesterday, saying the club "is fully committed to helping the police with their enquiries" but no further comment would be made while the investigation is ongoing.

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