The company that owns Birmingham City Football Club has gone into receivership, reports BBC News. The Championship club's parent company, Birmingham International Holdings Limited (BIHL), blamed "fractious and inharmonious relations within the management" for the decision.
BIHL said it had appointed three receivers from Ernst and Young.
The club said it wished to reassure supporters "most emphatically" that no winding-up petition had been filed.
It said it was, therefore, not in liquidation and could continue to fulfil its fixtures in the league.
In a statement, BIHL said it had made the announcement to the Hong Kong stock exchange.
It said: "BCFC naturally recognises the impact which this announcement may have on itself and how it may be interpreted by its supporters, staff, media and the wider domain.
"The club therefore wishes to explain why the majority directors on the board of BIHL had deemed it necessary to take this voluntary but unusual course of action."
