Knighthead completes Birmingham City Football Club acquisition.
Knighthead Capital Management LLC (“Knighthead”) is pleased to announce that through its affiliate Shelby Companies Limited (“Shelby Limited”), it has completed the acquisition of the remaining 51% of shares of Birmingham City Limited owned by ZO FUTURE GROUP (formerly Birmingham Sports Holdings Limited). Shelby Limited will now hold 96.64% of Birmingham City Limited (“Birmingham City”), which holds 100% ownership of Birmingham City Football Club Limited and Birmingham City Women Football Club Limited.
Shelby Limited will continue to be solely responsible for all the operations of the Club.
Thomas Wagner, Chairman of Birmingham City Football Club and Co-Founding Managing Member of Knighthead said: “This transaction is another important milestone for Knighthead and Birmingham City Football Club. Transformation has taken place across every aspect of the Club’s operations since our initial investment and it’s just the beginning. Later this month we will unveil our new stadium design which will be at the heart of East Birmingham’s Sports Quarter. The ambition for our Club is to be a beacon of excellence for Birmingham on the global stage. The journey to deliver this is well underway.”
@asyouwereS6 No way you boys go down with him ! There will always be someone to buy a club your size !
My club suffered for years with crap owners but look as us now ! Might be painful for a bit longer , but someone will step in !
KRO!