‘Signed’ - Major Birmingham City takeover update unveiled ahead of Sheffield United game

Birmingham City have announced that an agreement has been reached for the sale of 45.64% of the club, as well as the entirety of St Andrew’s Stadium, subject to checks.

Birmingham Sports Holdings have informed the Club that two Sale and Purchase Agreements have been signed.

The identity of those buying the club has also now officially been revealed as Shelby Companies, managed by American financier, Tom Wagner.

The full club statement reads as follows: “Birmingham City is excited to announce the following update regarding the Club’s ownership.

“The Club was informed by its owners of the exchanging of two signed Sale and Purchase Agreements (SPA):

• Birmingham Sports Holdings Limited (BSHL) will transfer 24% of the shares in Birmingham City PLC to Shelby Companies Limited.
• Oriental Rainbow Investments Limited and Achiever Global Group Limited will transfer 21.64% of the shares in Birmingham City PLC and 100% of the shares in Birmingham City Stadium Limited, to Shelby Companies Limited.

“After the transfer of shares Shelby Companies Limited will own 45.64% of Birmingham City PLC and all of the St. Andrews Stadium.

“Shelby Companies Limited is a subsidiary of Knighthead Annuity & Life Assurance Company, and managed by American financier, Tom Wagner.

“Both SPA’s are subject to approval from both the English Football League (EFL) and the Hong Kong Stock Exchange.

“Birmingham City will remain under the control of the current Board until the relevant Owners and Directors Tests (OADT) have been approved by the EFL and after the completion of the contracts.

“Tom Wagner and the Knighthead team will be joining us at St. Andrew’s today for the Club’s final Sky Bet Championship fixture of the season. We look forward to giving them a very warm welcome.”