Birmingham City manager Chris Hughton has insisted he will adopt a carry on as normal approach regardless of what happens off the pitch.
Blues’ parent company, Hong Kong-based Birmingham International Holdings Ltd (BIHL), is in serious financial difficulty.
Peter Pannu, Blues’ acting chairman, has revealed he is trying to encourage recent new investors, probably Yang Yuezhou, to inject more capital to help the club.
Pannu, writing in the Blues match programme's From The Boardroom column, stated there had been no money from BIHL since relegation from the Premier League.
So although significant players sales since the summer helped ease BIHL’s debts and cut costs for life in the Championship, the spectre of more exits in January to keep Blues going seems to remain.
Blues’ manager Hughton said he had no extra worries or concerns after Pannu’s message.
“When I took the job I was very aware of what the financial situation was, that we would be selling players and recouping some funds. And that’s where we are,’’ he said.
“In amongst that, to go with the players who were already here, I was able to bring some players in to give us what I hoped would be a competitive squad.
“As for January, I suppose the answer to that one is that it’s hypothetical. January hasn’t come yet, so we don’t know.
“At this moment, what we do have is a squad that is competitive.
“What I would like is continue to have a squad that is competitive. Anything that might be in the future, I’m not aware of.
“That’s [the circumstances] what we’ve worked under so far and that’s what we will continue to work under.
“The worry for me is that we have a game on Thursday and then a game on Sunday.
“I think in football you can’t look too far into the future. You have got to look at what you’ve got now and try and do the best you can now, to try and get as much momentum as you can now.”
Pannu has spent several weeks recently in Hong Kong on club affairs.
He wrote that he “travelled out there to try to understand the plans Birmingham International Holdings have for the club’s finances and for the January transfer window”.
Pannu said that when he spoke to Carson Yeung “he told me that BIHL will support the club when required, but that there is also a need to manage the club in a self-sustaining way”.
“There has not been any money from the parent company since relegation,” wrote Pannu, “but, as I understand it, those in Hong Kong are working hard to address this and there is the hope that new investors will provide the club with more capital once they understand the club better, and after a re-listing of the parent company.”
That is believed to be a reference to property magnate Yang Yuezhou, who has loaned BIHL £12.5 million in recent times.
Under the terms of one, for £6.2 million, Yang can convert his loan into a 14 per cent shareholding, which would see him become the second biggest shareholder after Yeung.
Yang became BIHL deputy chairman and had two associates placed on the board. But his intentions remain as clear as mud.
Whether he plans to seize overall control of BIHL and take on Blues is not known. There have been no indications to suggest this so far.
Pannu also stated that Yeung was prepared to pump more money into Blues but is unable to because his assets were frozen after he was charged with money laundering.
“Carson has, and always had, the club very close to his heart and that is genuine,” wrote Pannu. “If he was addressing you all in this column I’m sure he would be apologetic for the situation we are in but some things are beyond his control.”
Pannu stressed that he had the best interests of the club at heart and would “continue to make trips to Hong Kong, on a regular basis, to keep pushing BIHL and its shareholders to invest in the club.
"I will fight hard to bring back money to keep taking the club forward.”