Birmingham City’s takeover is stalling over a failure to reach an agreement on how the club is sold.
A consortium, led by Jeremy Dale and Keith Pelley, is attempting to put together a framework that will satisfy the club’s Chinese owners. But, despite several meetings between lawyers, no firm way forward has been decided over the complicated arrangement that will see the Blues change hands.
Problems have arisen because the club - which is quoted on the Hong Kong Stock Exchange - needs to be sold in three tranches. This is a non-negotiable as far as the owners are concerned because it will enable them to keep their public listing.
