Relegated Birmingham receive financial boost as Brady backs McLeish

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Money matters: Managing director Karren Brady (left) admits the club's figures will take a dive after the club's relegation

Over the six months up to February 2008, turnover was £32.6million, up from £14.3million for the corresponding period 12 months previously when City were in the Coca-Cola Championship.

Operating profit was up from £3million to £7.8million, although those figures are likely to decline again following Blues' relegation back to the second tier this season.

In a statement released to the Stock Exchange this morning, managing director Karren Brady said: "The club's relegation will have a very negative effect on the business but we believe we have the right management team in place to regain membership of the Premier League at the first attempt."