US hedge fund manager Tom Wagner, the co-founder of Knighthead Capital Management, which oversees about $9 billion and focuses on event-driven investing and distressed credit, has had his takeover of Birmingham City FC apportioned by the English Football League (EFL).
American hedge fund manager Tom Wagner has agreed to purchase a 45.64% stake in Birmingham City and take full control of St Andrew’s Stadium.
The club confirmed on Monday that Shelby Companies Limited, which was incorporated last month, has agreed to buy 24 per cent of the club’s shares from Birmingham Sports Holdings Limited (BSHL) and a 21.64 per cent stake from Oriental Rainbow Investments Limited and Achiever Global Group Limited.
Shelby Companies, named after the family featured in Birmingham-based crime drama The Peaky Blinders, is a UK subsidiary of Knighthood Capital.