The timing of the loans signings was very deliberate and purely for footballing reasons - the 93 day 'emergency' loan period now includes the play-off final. Clearly the club looked at the rule book very closely, both in terms of timing and in anticipating a transfer embargo.
Of course there are concerns regarding the late posting of accounts, but this is not entirely unexpected. Every so often one of the papers will run a story on our financial mess (the Daily Mail's turn today) but no new information has emerged for a while. I'm sure the Mirror and Guardian will run re-hashed stories in the near future too.
Carson Yeung's problems in HK are worrying, but involve the holding company BIH rather than the football club (I know this is a familiar ring to it) and the money laundering charges against him are for periods prior to his involvement with Birmingham City. The continued delay of his trial is inconvenient - now scheduled for November - not least in either attracting new investors/disposing of his shareholding. Obtaining hard/clear information about his case (or even on his true background) is nigh impossible.
The source of the financial woes stem from paying £30m over the odds for the club in the first place (quite HTF you make that kind of error, I have no idea). Administration is a future possibility and I think that a practicable decision with regard to submitting the accounts will be taken on 28/29 April, after the final game, to see where the club are likely to be and whether to accept a points deduction for next season. However, where I will praise the club is in their efforts to (belatedly) cut their cloth according to their means - the mass exodus of last summer/selective sales in January/transfer fees only for Ibanez and Elliott.
The squad are united under Chris Hughton, show tremendous resolve on the pitch and the quality of football has been easier on the eye this season. The fans have had a bit more fun too and 5000 plus will be heading to Coventry on Saturday (oh dear), where both sets of fans can sing "You're not signing any more" to each other.
Even being in a play-off position is beyond the expectation of most Blues fans this season and, with 13 games to go, nobody in their right mind - let alone me - will predict where we'll finish. All I know is that the players will give absolutely everything on the pitch to push towards promotion.
Incidentally, we are not the only club in Birmingham with serious financial problems. The following link is for an excellent blog that specialises in football finances, well worth the read.
The Swiss Rambler