The battle to gain control of Birmingham City has taken a decisive twist after a US hedge fund declared an interest in the embattled Championship club.
Tom Wagner, co-founder of New York-based Knighthead Capital Management has emerged as a potential purchaser for the stricken Second City outfit. News broke Stateside that the financier and his firm, which has assets under management of $9bn, are ‘close’ to securing an initial £35m deal.
European tour chief executive Keith Pelley and former Microsoft salesman Jeremy Dale have been acting as brokers and discussions with the Americans are at an advanced stage. The group does have exclusivity to conclude business - and if they do the Blues will become yet another English club to fall under American control.
