Birmingham City warns on transfers

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Birmingham City warns on transfers

Birmingham City warned investors that it will make a loss in the full year if the club makes large player purchases, as it writes off transfer fees to profit and loss as incurred The statement came as the AIM-listed club posted pre-tax profits of pounds 27m for the six months to 28 February The figure included a net profit of pounds 14m on player transfers, principally the sale of Gary Breen to Coventry City Birmingham said proceeds from the sale will be re-invested in new signings