Birmingham City takeover set to be finalised - Report

Birmingham City FC - St. Andrews

A consortium led by ex-Swindon Town chief executive Jeremy Wray is finalising a deal to buy Championship side Birmingham City.

Birmingham have suffered a season of ignominy, clinging onto a place in the Championship next season courtesy of an injury time equaliser from Paul Caddis to secure a 2-2 draw with Bolton Wanderers.

The off-field situation at St. Andrews has been no better. Owner Carson Yeung, pictured to the right, was arrested and jailed on money laundering charges, yet still held power at Birmingham through familial ties with the boardroom. Despite spending highly, and leading the club to a victory in the Football League Cup, during his early tenure, his ownership style and asset stripping of the club drew few fans and much criticism from all corners of the football landscape.

Fears of a relegation to the ninth tier of English football followed, with Birmingham unable to provide documentation of their ownership to the Football Association. In line with a proposed FA Bill, clubs must provide information of their ownership to the government to prevent the kind of situation that has surrounded St. Andrews in recent weeks.

However, a brighter future may be on the horizon, with FOXSports reporting that the takeover of Birmingham is set to completed in the coming days.

A consortium led by Jeremy Wray, formerly the chief executive of Swindon Town, and the man responsible for the hiring of Paolo Di Canio, have been in talks with Birmingham officials in recent weeks, and, with all the due diligence completed, only a price is to be agreed between the two parties.

It would be a welcome change for both the management of, and fans of, Birmingham City. Manager Lee Clark has been on hold for the duration of the proposed takeover, unable to invest much money into transfer business whilst clubs strengthen around him. If the takeover is completed in the next few days, Clark can bring in his chosen players alongside the free transfers he has already completed, satiating the fans need for improvement in the club close to their hearts.

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