SM
Spain vs. Switzerland: 18 hrs 6 mins
Upcoming predictions and previews

Garry Monk admits to "serious situation" at Birmingham City

:Headline: Garry Monk admits to 'serious situation' at Birmingham City: ID:354606: from db_amp
Birmingham were sanctioned by the EFL last week for breaching the league's profitability and sustainability regulations.

Birmingham manager Garry Monk is confident his side will not get drawn into relegation trouble despite their nine-point deduction.

Blues were hit with the sanction by the EFL last week for breaching the league's profitability and
sustainability regulations.

The penalty saw the club drop from 13th in the Sky Bet Championship to 18th, leaving them only five points above the relegation zone.

But despite losing their last four games, Monk believes Blues have what it takes to stay clear of the drop zone.

"We are back in a serious situation, it is not going to be easy," the former Swansea and Leeds manager said at his pre-match press conference, reported via the club's Twitter account.

"But we are confident that we can show our fighting spirit and along with my staff and the fans we will jump this hurdle.

"Our group is mentally strong and has always been determined to progress.

"When I came here in March our target was to achieve avoiding relegation and we achieved it, then it was about progression, to achieve safety in a quicker time this year.

"We had already done that, we had already achieved safety and were looking up the table before the penalty, but we've got to do it again now and I am more than confident that we will do that."

Blues lost £37.5million in the 12 months to the end of June 2018, more than double the previous year's deficit.

The main cause of their deteriorating balance sheet was an increase in the wage bill from just over £22million in 2016/17 to nearly £38million the following year as former managers Gianfranco Zola and Harry Redknapp were lavishly backed in the transfer market.

As a result, Birmingham have net liabilities of £55million and owe parent company Birmingham Sports Holdings more than £73million, a sum that will grow over the next 18 months as the directors' report reveals a further £39million will be needed over that period to keep the club afloat.

Monk says the club now know exactly what they need to do going forward to avoid a repeat.

"I didn't speculate about anything, my job is to deal with what's in front of me, and to focus on the football and to be determined to do my best for this club," he added.

"Clarity is the most important thing, it is really important to have had that clarity in order to move forward.

"We are not out of the woods, we have to abide by a certain plan going forward so that we do not get into the same position in the future.

"Now that the clarity has come we know what we have to do and we can move forward."

amp_article__354606 : Database Data restored...  : 
last updated article - 2019-03-28 14:35:54:
html db last update - 2019-03-28 14:35:54 :

ex - 7200 : read : read cache amp html

Click here for more stories about Garry Monk

Click here for more stories about Birmingham City

Share this article now:
Read more about Garry Monk Football
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Wycombe WanderersWycombe14102232161632
2Birmingham CityBirmingham1393124121230
3Wrexham1584322111128
4Stockport CountyStockport167632617927
5Barnsley157532419526
6Lincoln CityLincoln157532117426
7Mansfield TownMansfield137332015524
8Huddersfield TownHuddersfield147252114723
9Exeter CityExeter147251410423
10Reading147252221123
11Bolton WanderersBolton147252224-223
12Peterborough UnitedPeterborough156363127421
13Charlton AthleticCharlton145451515019
14Bristol Rovers155371621-518
15Stevenage155371116-518
16Northampton TownNorthampton154561821-317
17Rotherham UnitedRotherham154561418-417
18Blackpool154562128-717
19Wigan AthleticWigan143561212014
20Leyton Orient144281418-414
21Crawley TownCrawley163491427-1313
22Cambridge UnitedCambridge143291324-1111
23Burton Albion141581525-108
24Shrewsbury TownShrewsbury1522111327-148
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .