Birmingham City takeover: Trillion Trophy Asia complete deal
Trillion Trophy Asia have completed their protracted takeover of Birmingham City - confirming the club as the fourth in the West Midlands in the hands of Fare Eastern owners.
The protracted buyout comes 16 months after the group were given a two-year exclusivity period to purchase the club.
Shares in Blues' parent company Birmingham International Holdings Limited resumed trading on the Hong Kong Stock Exchange this morning.
City become the fourth West Midlands club to be taken over this summer after Aston Villa, Wolves and West Brom.
TTA, who are controlled by Hong Kong businessman Paul Suen, now hold approximately 50.64 per cent of BIHL's shares.
Blues confirmed: "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 (TTA).
"It means that, as a club, we have new owners - and 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."
TTA's buyout ends Carson Yeung's seven-year ownership of the club which saw them win the League Cup in 2011 but also relegated from the Premier League the same year.
Yeung was jailed in 2014 having been found guilty of money laundering.
TTA had been offering financial backing to Blues for some time and little is likely to change at the St Andrew's club with the group remaining as owners for at least two years.
Blues are sixth in the Championship and host Rotherham tomorrow.
