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Betting Special: Birmingham City 12/1 to go down amidst points deduction rumours

Birmingham City's odds to be relegated have been slashed to 12/1 (13.0) by bet365 as they face a potential 12-point deduction in the Championship.

The Blues are in dire straits financially after spending more than £15 million on transfer fees last season, but the most shocking figure is their wage-to-turnover ratio - a key indicator of a club's sustainability.

The 2011 League Cup winners paid out a remarkable £202 in wages for every £100 they brought in last term.

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As a result, Birmingham have net liabilities of £55 million and owe parent company Birmingham Sports Holdings more than £73 million, leaving them in trouble when it comes to Financial Fair Play (FFP).