Jack Butland may have to leave Birmingham in the January transfer window
Friday 28 December 2012 14:35, UK
Image:Jack Butland: Facing possible Birmingham exit in January
Jack Butland may have to leave Birmingham in the January transfer window in order to keep the club out of administration.
Investment
Pannu has been exploring the potential for bringing in new owners or finding investment in the club for some time.
The board of Birmingham International Holdings Limited (BIHL), City's parent company, announced late last month they were in talks with two parties from Hong Kong and one from the UK - Gianni Paladini's Italian-backed consortium.
They were at an advanced stage in discussions with one of the Hong Kong bidders - which has now fallen through.
Providing an update on the situation, Pannu said: "It is no secret that there are two parties in Hong Kong that we have been dealing with.
"The fans also know that my preferred party, which was reported in the media, the Charles Chan and SMEG group, unfortunately did not transpire.
"But we still have another very big party we are dealing with in Hong Kong."
Pannu also revealed he continues to be in discussions with Paladini's consortium and met a member of the bid for talks recently, although he is demanding greater clarity on those behind the offer and their plans.
