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Birmingham City takeover complete

Chinese firm Trillion Trophy Asia (TTA) have completed their takeover of Birmingham City. The deal had been formally completed after the club's parent company resumed trading.

TTA, who are controlled by businessman Paul Suen, have acquired more than 50% shares in Birmingham City.

Suen's TTA were granted a two-year exclusivity period to negotiate the takeover of Birmingham in 2015.

"A line can formally be drawn under the old regime and we can continue to plan ahead for a brighter Blues future," said a club statement.

"The club's parent company, Birmingham International Holdings Limited (BIHL), has resumed trading on the Hong Kong Stock Exchange and is now in the expert hands of Trillion Trophy Asia Limited.

"We welcome all at TTA into the Blues family and we look forward to exciting times ahead at St Andrew's under their guidance and with their backing."

Birmingham City have become the fourth West Midlands clubs to be under Chinese ownership, after the takeover of Aston Villa by Dr Tony Xia, the takeover of West Bromwich Albion by a Chinese Investment group and Chinese company, Fosun International's purchasing Wolverhampton Wanderers.


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