YOUR FRIENDS' ACTIVITY

    Duo not for sale - Pannu

    Birmingham acting chairman Peter Pannu insists Nathan Redmond and Jack Butland are not for sale unless the cash-strapped club receives an "eye-popping offer".

    Pannu has addressed City supporters in a lengthy statement which also details prospective "substantial profits" for year end June 2012 to help offset previous losses, plays down the threat of administration and insists potential buyers continue to maintain a close rapport despite no deal being on the horizon.

    Pannu also revealed the midlands club are awaiting news on the lifting of the transfer embargo and spoke about the imminent appointment of a new manager - with former Huddersfield boss Lee Clark understood to be on the verge of being announced.

    Following the sale of midfielder Jordon Mutch to Cardiff last Friday, Pannu also stressed the strength of Birmingham's squad will be maintained where possible amid attempts to generate further revenue to ensure their financial survival.

    "I would like to make it clear that Jack Butland and Nathan Redmond are not for sale unless we are subject to an eye-popping offer," said Pannu on the club's official website. "While the decision to sell Mutch was not taken lightly, it was felt replacements could be sought for the midfielder but our intention is to keep hold of other talented gems we have.

    "Our supporters should be reassured that the club will not accept any derisory financial offers for any of our key players, as has been suggested, but equally we are required to make sound and balanced financial decisions which we accept are not always going to be popular. After all, this is a business."