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.
It’s been two months since news broke of the Often Partisan Limited bid to take over Birmingham City with very little updates on progress. Although the radio silence has been understandable after the Maxco fiasco earlier in the season, the longer it has gone on the more nerves are starting to show among Blues fans.
On Friday afternoon Matt Slater of the Athletic reported that Jeremy Dale was the front man for a consortium holding talks with Birmingham City for what was described as an investment deal.
Birmingham City released a statement on Wednesday evening confirming that talks had been initiated between a shareholder and a third party over an investment in both St Andrew’s Stadium and the club.
The Birmingham City takeover rollercoaster kicked back into gear on Tuesday in spectacular fashion, with Paul Richardson and Maxi Lopez holding a fairly impromptu press conference in the St Andrew’s Kop car park to confirm that they were in the final stages of completing a takeover.
June has almost come to an end and as it stands, there is no official word that Birmingham City are any closer to being takeover. While there have been rumours about Laurence Bassini visiting B9 in the near future, there has been no direct quotes from the Bassini camp in recent days and his self-imposed deadline of tomorrow may well come and go without anything being completed.
There’s an old cliché that a week is a long time in football. The last three weeks must have felt like an eternity for some Blues fans as days continue to tick by without any official confirmation on the status of the stadium repairs, Lee Bowyer or the rumoured takeover. With June almost upon us the club remains in stasis waiting for movement from anywhere.
The international break is a tough time for journalists, especially ones covering smaller clubs. With no games to report on column inches have to be filled with other things to get those clicks. This weekend those column inches were filled with a report that Laurence Bassini is “eyeing a Birmingham City takeover”.