EFL ‘reviewing files linking Cambodian diplomat’ to Birmingham City
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The English Football League (EFL) has reportedly obtained evidence linking the Cambodian diplomat Wang Yaohui to Birmingham City.
That’s according to Radio Free Asia, which reports that in July, the EFL successfully applied to Singapore’s Supreme Court to access records in a case brought against one of Mr Yaohui companies. The report stats that the application was made as part of an investigation by the EFL into allegations that Yaohui ‘secretly controls a substantial portion of the club’s shares’.
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Hide AdIt’s also been reported that Yaohui has possibly held a controlling interest in the club for several years without taking the EFL’s Owners’ and Directors’ Test or declaring it to the stock exchange, where Blues’ majority owner, Birmingham Sports Holdings Limited (BSHL), is listed.
And according to The Athletic, If Yaohui is found to have been the beneficial owner of shares in BSHL and Oriental Rainbow Investments - the British Virgin Islands-registered company that currently owns the 21.64 per cent stake in Birmingham City that prospective new owners Paul Richardson and Maxi Lopez want to buy initially - then both BSHL and Blues could face sanctions from the stock exchange and EFL.
Those possible sanctions even include a points deduction.
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