Birmingham City: Owners enter exclusive talks to sell Championship club1 min read

Birmingham City’s owners say that they have entered a period of exclusive negotiations to sell the Championship club.

Two letters of intent have been entered into with a potential buyer.

The deal would also include the purchase of the club’s St Andrew’s stadium.

“The club’s owner, Birmingham Sports Holdings Limited, has announced on the Hong Kong Stock Exchange that two letters of intent have been entered into with a potential purchaser,” a club statement said.

“This is in relation to the exclusive negotiations of two potential transactions. One transaction would involve the disposal of 24% of the shares in Birmingham City PLC by Birmingham Sports Holdings Limited.

“The other transaction would involve the disposal of 21.64% of the shares in Birmingham City PLC by Oriental Rainbow Investments Limited and the entire issued share capital of Birmingham City Stadium Limited by Oriental Rainbow Investments Limited and Achiever Global Group Limited.

“The parties involved will now enter a period of exclusive negotiation to agree the final terms of the transactions which will formulate the Definitive Agreements. The Definitive Agreements are expected to be entered into within two months of the date of the letters of intent, at which time the potential purchaser will also be announced.”

The club announced in January that its future was under discussion with regard to a “proposed investment deal”.