On Friday afternoon Birmingham Sports Holdings confirmed to the Hong Kong Stock Exchange the news that I had feared on Wednesday; that the Circular for shareholders relating to the takeover of Blues was to be delayed. The announcement confirmed that the Circular will now be despatched on or before June 30, 2023.
Prospective new owner of Birmingham City Tom Wagner was featured on a Bloomberg “Masters in Business” Discussion on Youtube on Thursday, talking with other hedge fund founders about how the business works.
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.
Late on Monday night, Birmingham Sports Holdings finally posted an announcement to the Hong Kong Stock Exchange relating to the sale of part of their stake in Birmingham City to Shelby Companies Limited.
While the Blues season petered off to a 17th placed finish thanks to a 2-1 defeat to Sheffield United, the attention of most fans was focused on matters off it. Confirmation that sale and purchase agreements have been signed was just the news that fans had been hoping for and the mood around the pubs pre-match was as happy and uplifting as it could be.
Birmingham City have confirmed on the official club website that Sale and Purchase Agreements have been exchanged between Shelby Companies Limited and BSH, Oriental Rainbow Investments Ltd and Achiever Global Group Ltd which will see SCL own 45.64% of the club along with St Andrew’s Stadium.
Saturday was not a great day for Blues fans. On the pitch, the team struggled to create chances in a 1-0 scrappy defeat to Blackpool at St Andrew’s. Off the pitch, news surrounding potential backers of the Often Partisan consortium brought more questions than answers.
Late on Thursday night, Bloomberg reported that American hedge fund manager Tom Wagner is nearing a deal to buy a stake in Birmingham City. This led to a huge amount of talk online among Blues fans about who Wagner is and what this means in regard to the Often Partisan Limited bid.
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.
Birmingham Sports Holdings today announced to the Hong Kong Stock Exchange that letters of intent have been signed to sell both a stake in the club and St Andrew’s Stadium to an unnamed purchaser. The news is the biggest indication yet that a takeover is going through.