Knighthead confirm Birmingham City full takeover timeline

Knighthead hope to complete a full takeover of Birmingham City next year, it was revealed at the latest Open House event.

The American investment firm took control of Blues last year after purchasing a 45.64 percent stake in the club. Their deal also saw them purchase the rights to the club’s stadium which has now been renamed St Andrew’s @ Knighthead Park for sponsorship reasons.

ZO Future Group LTD, formerly known as Birmingham Sports Holdings, still owns 51 percent of the club. Speaking at the Open House on Wednesday, chief financial officer Mark Smith suggested Knighthead could complete the full takeover next year.

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“I think it’s already been discussed in the media, I think you’re talking 2025 when there’s potential for that to happen,” said Smith. "There are some commercially sensitive things we can’t say, but there’s hope it will be in the near future.”

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Knighthead purchased their stake in Blues under the holding company Shelby Companies Limited on July 13, 2023. At the time, a value of £22million was placed on the entire club in details of the deal divulged to the Hong Kong Stock Exchange.

Tom Wagner and his Knighthead cohort are ploughing ahead with plans to build a Sports Quarter in the heart of East Birmingham having purchased around 60 acres of land.