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Daily Mirror
Daily Mirror
Sport
Neil Moxley & Shane Ireland

$9bn US hedge fund chief who works with Tom Brady close to buying Birmingham City stake

Birmingham Tom Brady Birmingham City Tom Wagner United States Maxi Lopez Paul Richardson

A US hedge fund manager who co-founded a wealthy investment firm is close to buying a stake in Championship club Birmingham City, according to reports.

Tom Wagner is a co-founder of Knighthead Capital Management, which oversees around $9 billion (£7.25bn) in investments. Birmingham are currently owned by Hong Kong-listed company Birmingham Sports Holdings, who confirmed in a statement last week they had entered talks for the sale of a 24% stake in the club.

It was also confirmed that negotiations were ongoing for a 21.64% stake in the club’s parent company owned by a separate firm, which would include the sale of St Andrew’s Stadium. The purchase of the remainder of the club would come at a later date.

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