It’s been another tough weekend to be a Blues fan. While a 1-1 draw at Wigan arrested a run of defeats, it did nothing to ease relegation fears and Blues remain just seven points clear of the drop zone. Meanwhile, a fire at the training ground on Thursday night / Friday morning was just the latest episode in the shitshow that is Birmingham City FC right now.
One of the most complex things to understand about Birmingham City is just who owns the club. While the simple answer would be to point to the Hong Kong listed company Birmingham Sports Holdings, the ownership of that company is opaque due to the number of investment vehicles incorporated in the British Virgin Islands who own stakes in the company. Throw into the mix people owning stakes in the club directly and you’ve got a mess.
Birmingham City Stadium Ltd confirmed a raft of changes to Companies House yesterday which sees the exit of former Blues CEO Ren Xuandong as a director along with Edward Zheng Gannan. More importantly, Vong Pech and Kang Ming-Ming were newly appointed as directors in a move which would seem to confirm the sale of the St Andrew’s by Birmingham Sports Holdings is complete.
Birmingham Sports Holdings announced to the Hong Kong Stock Exchange on Wednesday afternoon that it had agreed to sell off its remaining 75% stake in Birmingham City Stadium Ltd. The sale passes St Andrew’s Stadium into the hands of a British Virgin Islands investment vehicle – and further muddies the water of how the club is run.