Former Birmingham co-owner David Sullivan today hit out at new president Carson Yeung after police ruled out a criminal investigation into alleged “financial irregularities” at the club.
West Midlands Police confirmed officers from its economic crime team met representatives from Birmingham to discuss concerns raised by the club over alleged financial irregularities in its accounts.
But a police spokesman said: “After careful consideration and examination regarding concerns raised by representatives of Birmingham City FC, we have now advised the club that we do not feel there is any criminal matter to be further investigated.”
Mr Sullivan said the allegations had wasted police time.
He said: “There can be no allegation of wrongdoing. Birmingham City was a plc, run by professionals and properly audited.
“If Mr Yeung and co have any issues they should deal directly with us, and not through the press or through the police, who have enough to do investigating serious crimes.
“I almost feel we should collectively apologise to the police for wasting their time on this matter.
“The detectives have been dragged into what I can only imagine was a case of sour grapes.”
Sullivan thanked the police for their professionalism and speed in dealing with the matter and called on Mr Yeung to now move on.
He added: “Football clubs are very complex businesses and there were always going to be detailed accounts to consolidate.
“New owners cannot just come in and retrospectively decide that the price of purchase was too high. If there are any matters they want to discuss, as long as they are reasonable, my door is always open.
“That is the way I will operate with them... in a civil way over what is a civil matter.”