It’s been three days since Paul Richardson and Maxi Lopez turned up at St Andrew’s to tell the world that they’d exchanged contracts and were to become the next owners of Birmingham City. While there has been fairly extensive reporting of their meetings with club officials, the silence from Hong Kong has continued.
The Birmingham City takeover rollercoaster kicked back into gear on Tuesday in spectacular fashion, with Paul Richardson and Maxi Lopez holding a fairly impromptu press conference in the St Andrew’s Kop car park to confirm that they were in the final stages of completing a takeover.
It’s been almost a week now since Laurence Bassini went on TalkSPORT to talk about buying Birmingham City, and I think I’ve only just caught my breath from it. I’ve said all along that Bassini is a fantasist who shouldn’t be entertained when it comes to buying a football club, but even I didn’t expect him to blow up so spectacularly live on national radio.
It’s now been over eight weeks since Blues fans were told in a Birmingham Mail / Mirror report that the takeover was “close”. Despite being told in an announcement to the HKSE three weeks ago that Vong Pech had agreed to sell his share and a “deadline” being given by Bassini of June 30, as Blues fans we still await any official confirmation that any deal has been done.
As the Laurence Bassini and Keith Harris-led takeover “deadline” of June 30 came and went, Birmingham Sports Holdings did in fact make an announcement to the Hong Kong Stock Exchange. However, rather than inform shareholders that it was selling the club, the only news BSH had the was departure of director Hsiao Charng Geng.
June has almost come to an end and as it stands, there is no official word that Birmingham City are any closer to being takeover. While there have been rumours about Laurence Bassini visiting B9 in the near future, there has been no direct quotes from the Bassini camp in recent days and his self-imposed deadline of tomorrow may well come and go without anything being completed.
With any chance of a takeover happening still incredibly uncertain right now, there has been some fear among Blues fans that this will be the season Blues go under financially. The more dramatic fans on social media have seized on the idea that the owners will not fund the club if it is not sold with all the attendant crises that would cause.
It’s been just over a week now since the HKSE announcement from Birmingham Sports Holdings confirming that Vong Pech had agreed to sell the 21.64% stake in Birmingham City plc that he owns. Since then there’s been a fair few newspaper articles, a radio interview complete with wild promises and potentially libellous accusations – but nothing of any actual official value. What’s going on?
The first official communication that a partial takeover of Birmingham City is underway was made yesterday as Birmingham Sports Holdings made a voluntary announcement to the stock exchange. The announcement confirmed that BSH had been informed by Vong Pech that he was selling his 21.64% stake in Birmingham City plc.
Once again, takeover fever is in abundance in Birmingham City fans. According to the Mirror, even the grammatical tense surrounding the takeover has changed with reports that Laurence Bassini has bought the club. With lots of rumour flying around and precious little actual information I wanted to put together some reasoned thoughts on what the hell is going on.