United States $9 Billion Hedge Fund Co-Founder Tom Wagner Buys English Football Club Birmingham City for $6.6 Million via Shelby Companies for 45.64% of Football Club & 100% of St Andrew Stadium, Birmingham Sports Holdings is Listed on Hong Kong Exchange with $64 Million Market Value
13th May 2023 | Hong Kong
United States $9 billion hedge fund co-founder Tom Wagner (Knighthead Capital Management) is acquiring English Football Club Birmingham City for $6.6 million (£5.3 million) via Shelby Companies for 45.64% of Birmingham City Football Club and 100% of St Andrew Stadium. Birmingham Sports Holdings is currently listed on Hong Kong Exchange (HKEX) with a $64 million market value (HKD 509 million). Birmingham Sports Holdings key shareholders are Paul Suen (China), Oriental Rainbow Investments & Achiever Global Group, who are transferring some of their shares to Tom Wagner (Shelby Companies). The transaction is subject to approval of the English Football League (EFL) and the Hong Kong Stock Exchange. Tom Wagner will need to undertake an EFL owners and directors’ test. The total estimated value of the transaction is $6.6 million (£5.3 million).
” United States $9 Billion Hedge Fund Co-Founder Tom Wagner Buys English Football Club Birmingham City for $6.6 Million via Shelby Companies for 45.64% of Football Club & 100% of St Andrew Stadium, Birmingham Sports Holdings is Listed on Hong Kong Exchange with $64 Million Market Value “
United States $9 Billion Hedge Fund Co-Founder Tom Wagner Buys English Football Club Birmingham City for $6.6 Million
SHARE PURCHASE AGREEMENT
The Board is pleased to announce that on 7 May 2023, the Company entered into the Share Purchase Agreement with the Buyer, pursuant to which the Company has conditionally agreed to sell and the Buyer has conditionally agreed to buy (i) approximately 24% issued share capital of BCP; and (ii) approximately 32% of the aggregate amounts owing by BCP to the Company.
ORIL/AGGL SHARE PURCHASE AGREEMENT
On the same day, ORIL and AGGL entered into the ORIL/AGGL Share Purchase Agreement with the Buyer, pursuant to which ORIL and AGGL have conditionally agreed to sell and the Buyer has conditionally agreed to buy (i) all shares in the capital of BCP held by ORIL, i.e., approximately 21.64% issued share capital of BCP; (ii) all shares in the capital of BCSL; (iii) all loans owing by BCP to ORIL; and (iv) all loans owing by BCSL to each of ORIL and AGGL.
Birmingham Sports Holdings Limited is an investment holding company mainly engaged in three businesses including the operation of a professional football club in the United Kingdom, the investment in properties, and the healthcare and medical related business. Revenue streams of the Group include match day receipts consisted of season and match day tickets; broadcasting revenue, including distributions from broadcasting revenue from the English Football League (EFL), cup competitions, solidarity payment from the Premier League and revenue from the media; and commercial income comprised sponsorship income, corporate hospitality, merchandising, conferences and events and others. The Group’s revenue also includes rental income from the investment properties, and service income from the healthcare and medical related business.
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