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​Chinese takeover of Birmingham City completed

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

TTA, controlled by businessman Paul Suen, have acquired more than 50% shares in the Championship side.

In 2015, Suen's TTA were granted a two-year exclusivity period to negotiate the purchase of Blues.

The sale ends the club's seven-year association with Carson Yeung, who was convicted of money laundering in 2014.

"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."

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Ian Ferris
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