According to the Zhitong Finance App, Elephant Future Group (02309) announced that after completing all games in the 2023/24 season, Birmingham City Football Club (club) finished 22nd in the English Champions League and will be relegated to the English Football League 1 next season. Due to the club's downgrade, the Group anticipates a reduction in revenue and operating expenses for the year ending June 30, 2025, and a potential impairment in the club's assets. The exact amount of asset impairment will be determined after the valuer's assessment and auditor's review of the Group's financial statements. The company will closely monitor the situation and assess the impact on the Group's financial position and operating results.