The club’s parent company, Birmingham International Holdings, has unveiled initial plans for a £20 million revamp of the Garrison Lane stand at 30,000-seat St Andrew's.
City has held talks with Birmingham City Council about the possibility of moving to a new ground since Carson Yeung became the club's owner in 2009, but Pannu has acknowledged that an average attendance of less than 25,000 does not justify moving to a significantly larger venue.
“We haven't categorically ruled out moving stadia completely but my prime concern is attendances,” said Pannu, according to the Press Association. “Our average attendance does not justify building a stadium of 50,000 to 55,000 at this stage.”
He added: “We have ample support from the local authorities but, with current attendances, it is just not right to do that sort of investment. In any case, a lot of our fans want to stay put.”
