The Takeover: The Knighthead MO
Prospective new owner of Birmingham City Tom Wagner was featured on a Bloomberg “Masters in Business” Discussion on Youtube on Thursday, talking with other hedge fund founders about how the business works.
Prospective new owner of Birmingham City Tom Wagner was featured on a Bloomberg “Masters in Business” Discussion on Youtube on Thursday, talking with other hedge fund founders about how the business works.
While the Blues season petered off to a 17th placed finish thanks to a 2-1 defeat to Sheffield United, the attention of most fans was focused on matters off it. Confirmation that sale and purchase agreements have been signed was just the news that fans had been hoping for and the mood around the pubs pre-match was as happy and uplifting as it could be.
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.
Late on Thursday night, Bloomberg reported that American hedge fund manager Tom Wagner is nearing a deal to buy a stake in Birmingham City. This led to a huge amount of talk online among Blues fans about who Wagner is and what this means in regard to the Often Partisan Limited bid.