The new Chinese owners of Birmingham City have vowed to take the English club “from strength to strength” after becoming the latest Asian group to invest in European football.
Trillion Trophy Asia, a group controlled by Hong Kong businessman Paul Suen, yesterday completed the acquisition of a controlling stake in the English club after a two-year exclusivity period.
Mr Suen, a serial investor in small listed groups in Hong Kong, now owns 50.6 per cent of the shares in Birmingham International Holdings, the club’s Hong Kong-listed parent group, following a restructuring. The deal values the club, which plays in the English Championship, at ￡12.3m.
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