By Sean Fisher

7th Jul, 2023 | 7:00am

Revealed: Birmingham City behind-the-scenes development with £35m deal imminent

Birmingham City have become a private company ahead of a change of ownership at St Andrew’s, Football Insider can reveal.

A Companies House submission filed on July 4 confirmed that the Blues are no longer a publicly traded company and have re-registered to become private.

The Birmingham club recently announced that a takeover by American businessman Tom Wagner is imminent after he struck a £35million deal.

Wagner’s company, Shelby Companies Limited, agreed to take control of 45.64 per cent of the club and all of St Andrew’s Stadium.

As part of the takeover process, Wagner was subject to the EFL’s Owners’ and Directors’ Test before being given the green light to invest in the club.

Part of Wagner’s takeover plans involves redeveloping the land around St Andrew’s and constructing a new stadium nearby.

The deal is set to be finalised on July 13 with a vote among shareholders expected to be a formality.

Ahead of the takeover’s completion, Birmingham have been delisted as a public company, meaning they will no longer be listed on the stock market.

The shares of Birmingham Sports Holdings Ltd were previously traded on the Hong Kong Stock Exchange for over a year.

Cambodian businessman Vong Pech headed the investment in Birmingham’s shares while the club was traded on the stock market.

Becoming a private company means Birmingham are required to report their finances less frequently throughout the fiscal year, while UK law only requires private companies to be headed by one director instead of two.

In other news, Kieran Tierney holding Arsenal sit-down talks about his future