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.
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.