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Daily Mirror
Daily Mirror
Sport
James Nursey

Birmingham takeover moves step closer with bidder putting cash down within days

Paul Richardson Birmingham Laurence Bassini John Eustace

Birmingham's prospective buyers are due to take a major step on Monday towards ownership of the club with a hefty down payment.

Businessman Paul Richardson and ex-Argentine striker Maxi Lopez paid a £1.5million deposit in July for Blues’ largest individual shareholder Vong Pech's 21.64% stake. It is part of a plan to takeover the whole club in the next two years for £36.5million.

The pair have since been doing due diligence and have held positive talks with new Blues boss John Eustace , whose side opened the Championship season with a 0-0 draw at Luton.

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