Agreement to purchase nearly of Birmingham City signed

Birmingham City have revealed Shelby Companies Limited managed by American financier, Tom Wagner are set to own nearly half the club.

The club state 'After the transfer of shares Shelby Companies Limited will own 45.64% of Birmingham City PLC and all of the St. Andrews Stadium.'

The Club was informed by its owners of the exchanging of two signed Sale and Purchase Agreements (SPA):

-Birmingham Sports Holdings Limited (BSHL) will transfer 24% of the shares in Birmingham City PLC to Shelby Companies Limited.

-Oriental Rainbow Investments Limited and Achiever Global Group Limited will transfer 21.64% of the shares in Birmingham City PLC and 100% of the shares in Birmingham City Stadium Limited, to Shelby Companies Limited.

They went onto say 'Birmingham City will remain under the control of the current Board until the relevant Owners and Directors Tests (OADT) have been approved by the EFL and after the completion of the contracts.'

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