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Birmingham City: Tom Wagner Buys Stake

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https://www.amazon.com/dp/B0CS3W61MH

Tom Wagner, an American financier, has agreed to purchase a 45.64% stake in Championship club Birmingham City. The club has stated that 24% of the shares will be bought from Birmingham Sports Holdings Limited (BSHL), while the remaining 21.64% will be transferred from Oriental Rainbow Investments and Achiever Global Group. Additionally, Wagner’s company Shelby Companies Limited will take ownership of Birmingham’s St Andrew’s stadium. The deal is subject to approval by both the English Football League (EFL) and the Hong Kong Stock Exchange. Until then, the current board of Birmingham City will remain in control. Wagner is expected to attend Monday’s final Championship game of the season at home to promoted Sheffield United. This announcement comes just under a month after Birmingham’s China-based owners said they had entered a period of exclusive negotiations to sell the club. BSHL had been looking for investment in Blues for some time. Last summer, former Barcelona and AC Milan striker Maxi Lopez was part of a consortium that claimed to be close to buying a 21% stake in Birmingham. However, this interest was ended in December, although Lopez, Richardson and Matthew Southall admitted breaching EFL rules over the owners and directors’ test by taking control of the club without going through the proper sign-off procedure. In January, the club announced its future was under discussion with regard to a “proposed investment deal”.

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