While Blues secured their Championship status for another year by winning away at Rotherham on Monday, Birmingham Sports Holdings have been doing what it can to secure its own financial status on the Hong Kong stock exchange.
Previously on almajir.net I’ve written about a group of large shareholders in Birmingham Sports Holdings I’ve termed “The Faceless Four”. Today I have spent time investigating two of those shareholders to find out more about them and who they are.
One of the biggest things I want to achieve while I’m out here in Hong Kong is to help the fans who want to know more about the ownership of the club to understand how it all works. I know it’s not something everyone cares about – but I believe it’s important so that we know what to expect from Birmingham City’s owners and what to hope for.
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?
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.