While things at St Andrew’s Trillion Trophy Stadium have been much calmer and less chaotic than our friends over the expressway, there still remains a slight cloud of secrecy over just where Blues are going.
Dragon Villa will become the second biggest shareholder in Birmingham Sports Holdings (and thus by extension BCFC) once the share subscription announced on Thursday goes through. Their holding will take them above the 10% threshold that ensures that their owner Lei Sutong has to take the much-maligned Owners and Directors Test. Just who are these people?
When Trillion Trophy Asia owner Paul Suen Cho-hung finally took control of Birmingham Sports Holdings in October 2016, he committed to not selling his stake in the holding company for a two-year period. With that period elapsing in less than six months, what does the future hold for BSH?
Previously on almajir.net, I have written about Wang Yaohui aka “Mr King” and his connections with various shareholders in Birmingham Sports Holdings along with the company chairman Zhao Wenqing.
In November 2017 Vong Pech became the second largest shareholder in Birmingham Sports Holdings when it was agreed by BSH shareholders to go ahead with the proposed school and office project in Cambodia.
Birmingham Sports Holdings today made an announcement to the stock exchange of Hong Kong clarifying the recent investments made by Chigwell Holdings and Dragon Villa. In what was an extraordinarily detailed announcement, it was confirmed money loaned by those two companies was used to finance the football club.
On December 1st this website identified a shadowy figure behind the scenes at BCFC, previously known only as “Mr King” as Chinese businessman Wang Yaohui. In this follow-up article this website reveals further links between Wang and Birmingham Sports Holdings.
Two more names have been added to the ownership mix thanks to the latest announcement to the Stock Exchange of Hong Kong. Chigwell Ltd and Dragon Villa Ltd are the latest names to be confirmed as part owners of Birmingham Sports Holdings and by effect the club.
Birmingham Sports Holdings have today confirmed in an announcement to the stock exchange that the major transactions to purchase property along with construction of commercial and educational facilities in Cambodia is now complete.
Birmingham Sports Holdings have today confirmed to the Stock Exchange of Hong Kong that shareholder approval has been granted for the proposed Cambodia deal at today’s Extraordinary General Meeting.