While ZO Future Group (as Birmingham Sports Holdings are now known) don’t have any operational or financial control over Birmingham City anymore, they are still duty bound to make announcements to the stock exchange of Hong Kong about various transactions. This is why on Thursday afternoon an announcement was made by ZFG to confirm that Shelby Companies Limited have doubled the loan facility available to the club to £100M.
On Tuesday Birmingham Sports Holdings filed a series of documents with the Hong Kong Stock Exchange. As well as the long-awaited Circular to shareholders, BSH confirmed that the EGM for shareholders to approve the sale of Blues to Shelby Companies Limited will take place on July 13, 2023.
On Monday afternoon it was confirmed by both Blues and by Birmingham Sports Holdings that EFL approval has been given to Shelby Companies Limited prior to their takeover of the club.
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.
