foxsports
Birmingham's holding company says more than $6 million has been raised by selling shares after the Premier League club revealed last month that it has debts of about $45 million.
A statement to the Hong Kong Stock Exchange says 6.43 percent of Birmingham International Holdings has been sold to people unconnected with the club.
The sale of 250 million shares has raised 49 million Hong Kong dollars ($6.3 million) and dropped owner Carson Yeung's overall stake from 24.9 to 23.3 percent.
Birmingham's 48-year wait for a title ended in February after winning the League Cup. The team will need to provide assurances about its finances to play in the Europa League next year.
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