HKSE: Diversification and Final Sale

Tuesday was a good day for Birmingham City. On the pitch at St Andrew’s, the team came back from a goal down to deliver Tony Mowbray’s first win as Blues manager, beating Hull City 2-1 and booking a fourth round FA Cup tie with Leicester City at the end of the month. However, on the other side of the world an announcement made to the Hong Kong Stock Exchange appears to be the next step in the final disconnection of Blues from the Far East.

BSH: Accounts Analysis 2023

One of the biggest indicators that life has drastically changed for Birmingham City is the complete lack of coverage of any news from Hong Kong. Despite Birmingham Sports Holdings still owning 51% of the club, it’s clear that it’s Shelby Companies Limited calling the shots and the remaining Chinese BCFC board members appear to have been completely sidelined.

BSH: Clarification and Approvals

Birmingham Sports Holdings made a supplemental announcement to the Hong Kong Stock Exchange on Tuesday afternoon to clarify certain points about the deal that has been agreed to sell a stake in Birmingham City to Shelby Companies Limited. The four page announcement was designed to answer questions shareholders might have but has seemingly just caused more for Blues fans.

BSH: In Need of Approvals

It’s safe to say that while on the pitch the season is coming to an anticlimactic end for Blues, off it appears to be a very different story. It hasn’t taken long for the rumours to fly on social media of just which investors might be behind potential new owners Often Partisan Limited.

BCFC: The Maxco Sanctions

It was reported on Wednesday that Paul Richardson, Maxi Lopez and Matt Southall have all accepted sanctions from the EFL following charges relating to the failed Maxco takeover. While there hasn’t been any official confirmation yet, the reports have stated all three have accepted suspended bans from involvements with EFL clubs.

Editorial: No Need for Negativity

It’s been two months since news broke of the Often Partisan Limited bid to take over Birmingham City with very little updates on progress. Although the radio silence has been understandable after the Maxco fiasco earlier in the season, the longer it has gone on the more nerves are starting to show among Blues fans.

BSH: Accounts Analysis

Birmingham Sports Holdings published their interim accounts for the six months ending December 2022 on Tuesday afternoon. As expected, the Hong Kong listed company have posted another loss, but while the accounts are unaudited there are a few bits we can take from it that tell us more about the state Birmingham City is in right now.

BCFC: The Two Year Sale Explained

With both the previous Maxco bid and the current Often Partisan Limited offer for the club, there is a long drawn-out multi-stage process to complete the deal. Part of the issue is a two-year period put in place for Birmingham Sports Holdings to find another company to replace the club in the group, before finally relinquishing control.

BSH: Careful Wording

Both Birmingham City and Hong Kong parent company Birmingham Sports Holdings released statements on Wednesday confirming the end to negotiations with Maxco Capital Ltd. Both of the statements made took a somewhat “bitter ex” theme, with the wording suggesting it was incumbent owners who terminated talks rather than Maxco.

BSH: Accounts Analysis June 2022

Birmingham Sports Holdings announced their latest accounts to the Hong Kong Stock Exchange on Friday afternoon. The accounts are for the year ending 30 June 2022 and correspond to the 2021/2022 football season for Blues. While the company once again made a loss, the amount BSH lost has been reduced, which will surely please investors.