Birmingham City takeover completed

Birmingham International Holdings Limited (BIHL), the parent company of Birmingham City, have confirmed they are ‘now in the hands’ of Trillion Trophy Asia Limited (TTA).

It means that the Club have new owners based in Hong Kong.

TTA entered a two-year period of exclusivity in June 2015 with the Receivers and BIHL and has been providing investment for new players and working capital to aid the Club’s operations.

Now Mr Paul Suen’s TTA are formally Blues new owners.

Mr Paul Suen said “I am delighted to be the majority owner of such an important English football club with a proud history since 1875. I am enthusiastic about the prospects for the Club and look forward with you to a successful future. The only reason that my company, Trillion Trophy, is making this offer for your shares is because it is legally required to do so under the rules of the UK Takeover Code.”

Panos Pavlakis, a director of Birmingham City, said: “Birmingham City has endured two years of uncertainty as its holding company became embroiled in litigation and receivership. My co-director, Victor MA, and I would like to thank all those involved in the restructuring of our holding company and settling various disputes to restore it to financial health, in particular Mr Paul Suen. We have been reliant on loans from Mr Suen for some time and welcome him as our new controlling shareholde