Edward Zheng is on the board.
Edward Zheng says that the Chinese owners of the club have no intention of selling it.
Ahead of a reported supporters protest, Zheng answered questions from a group of fans at St Andrew's and apologized for the Blues board's previous lack of communication.
He told the radio station that communication was the key. Something happened on the social networks.
We are always willing to do first and then talk.
The club was bought by Trillion Trophy Asia in 2016 and it was the second Asian-based ownership for the club.
"We are humble, quiet and willing to do things first, that is our culture," said Zheng. Don't talk first. This isn't our culture.
We decided we needed to communicate and correspond with our fans after we noticed that something was happening.
We believe we need to communicate with fans for what really happened and what is happening in the stadium.
He said that the owners wouldn't be likely to sell in the light of the protests. We don't intend to sell the club.
The Blues are still in transition.
The Covid pandemic has restricted revenue for clubs over the last two years.
The club will make a profit from the sale of teenager Jude Bellingham in July 2020, a deal that could be worth in excess of $30m.
The EFL's profitability and sustainable rules were broken when they incurred losses of almost £50m between 2015 and 2018, more than the accepted adjusted losses.
The club's technical director spoke to the fans about how he wants recruitment to be handled going forward.
Martin O'Connor was brought back to the club this week in the role of loans manager.
In June of 2021, Craig Gardner took on the role of Blues technical director.
It could be another two seasons before they are truly competitive, because they need to learn from the mistakes of the past.
He told the radio station that they were in transition. We have to understand that.
We're probably in the top five highest wage earners when you take out the clubs who still have parachute payments. Fans are frustrated at us paying so much money and not competing. My job is to bring down the wage bill.
We have a three-year plan. This year is about bringing the wages down, the second year is about stability and the third year is about having a go.
We're not going to throw away the money. We don't want to be stuck with a 33 year old who is stuck at the club and not playing. Those days are over.
The fans were upset about the delay in ground maintenance which led to the start of the season without full use of their stadium.
The lower tiers of Blues' two main stands at St Andrew's have been closed all season because of corroded metal.
Fans were shown photos and videos of the mess and the damage that remains under the lower tiers of the Spion Kop and Tilton Road Stands.
Michael Moran told the meeting that both could be open again for the start of next season.
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