Birmingham Sports Holdings
| Company type | Public |
|---|---|
| Industry | Investment holding |
| Headquarters | Central, Hong Kong , Hong Kong |
Key people | Paul Suen (controlling shareholder) |
| Products | Investment in sports and entertainment sectors |
| Owner | Paul Suen (via Trillion Trophy Asia) |
| Parent | Trillion Trophy Asia |
Birmingham Sports Holdings () is an investment holding company controlled by Chinese entrepreneur Paul Suen through his investment entity, Trillion Trophy Asia.
History
Incorporated in the Cayman Islands,[1][2] Grandtop International Holdings Limited (GIH) operates via its subsidiaries, which specialize in sourcing and trading clothing items, including sports apparel, as well as offering entertainment services across Hong Kong, Macau, and the United Kingdom. The company’s headquarters is located in Central, Hong Kong.
Birmingham City FC acquisition
In 2007, GIH purchased a 29.9% stake in the English Premier League football club Birmingham City F.C.. After an unsuccessful initial offer, GIH secured complete ownership of the club in October 2009 through a transaction valued at £81.5 million.
Subsequent to this takeover, the company planned to change its name to Birmingham International Holdings Limited.[3]
The ownership structure shifted significantly in 2011 when Carson Yeung expanded his shareholding through both new share issuances and acquisitions, eventually holding approximately 26.31%. Other prominent shareholders included Vico Hui and Liu Xingcheng (). Yeung also contributed additional business assets to the company but was later detained on charges of money laundering within the same year.
On 4 June 2012, Birmingham International Holdings declared the departures of executive directors Steve McManaman and Yang Yuezhou, who was also serving as deputy chairman.[4]
Acquisition by Trillion Trophy Asia Ltd.
On 17 October 2016, Birmingham International Holdings Limited recommenced trading on the Hong Kong Stock Exchange following a takeover led by Paul Suen and his firm Trillion Trophy Asia (TTA). TTA obtained a controlling interest of 60.78% in BIH via receivers acting on behalf of the BIH board, while Carson Yeung retained roughly a 6% stake. Prior to this, Suen had extended a loan facility to Birmingham City Plc aimed at stabilizing the club’s financial position.
In February 2017, the board revealed intentions to rename the company as Birmingham Sports Holdings Ltd., with the rebranding completed on 6 April 2017.
Involvement with Australia and Western Melbourne Group
In February 2019, BSH emerged as an initial backer of Western Melbourne FC, a newly proposed A-League team in Australia, by financing the bid’s license fee. However, BSH withdrew from this venture due to a slump in the Australian housing market that lowered the value of planned residential developments near the stadium location. After BSH's withdrawal, local property developer Aziz Kheir took over ownership of the club.
External links
- ↑ Grandtop International Holdings 2008–09 annual report
- ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
- ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
- ↑ Yeung told to hand over Peak house Archived 30 April 2014 at the Wayback Machine The Standard. 5 June 2012.
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