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Daily Mirror
Daily Mirror
Sport
Felix Keith

Birmingham City takeover: US hedge fund complete deal with plans to build new stadium

Birmingham Tom Wagner Birmingham City John Eustace Hong Kong

American businessman Tom Wagner has completed a deal to buy Birmingham City.

Birmingham announced on Monday that Wagner’s company, Shelby Companies Limited, had agreed to take control of 45.64 per cent of the club and all of St Andrews Stadium. Wagner is a co-founder of Knighthead Capital Management, which oversees around $9billion (£7.25bn) in investments.

The American is taking over the club from Hong Kong-listed company Birmingham Sports Holdings. Wagner’s company, Shelby Companies Limited, is named in reference to the popular TV show Peaky Blinders, which is set in Birmingham. It is a subsidiary of Knighthead Annuity & Life Assurance Company.

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