Blues bosses cleared in tax probe

Ms Brady and Mr Sullivan had denied any wrongdoing

Birmingham City's co-owner and chief executive have been cleared of tax irregularities following a two-year inquiry, their solicitor has said.

David Sullivan and Karren Brady, who were originally arrested in April 2008, had always denied any wrongdoing.

City of London Police said it had questioned them as part of an inquiry into "money laundering".

The club said the investigation had centred around tax matters involving two footballers.

The statement from lawyers BCL Burton Copeland said: "David Sullivan and Karren Brady are pleased to confirm that following a two year investigation by City of London Police and Her Majesty's Revenue and Customs into Birmingham City Football Club, they have today received written confirmation that a decision has been taken that no proceedings will be instituted.

"Whilst always confident of this outcome, the period of the investigation was understandably a stressful time and David and Karren are now happy to put the matter behind them and look forward to the future."

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