BCFC: The Deal Is Off
Paul Richardson has confirmed that the long running saga of his agreement to take over Birmingham City has now collapsed. It seems the long‑stop date for approval by the EFL has passed and whilst it could have been extended it has not been. This is because Maxco say they wished to amend the agreement to recognise the reduced value of the club in the event that the EFL investigation into the current owners’ shadow director results in findings that bring points deductions leading to relegation or hefty fines.
We hope to have more of the Background story for fans as other facts emerge, however in the meantime we call for the owners to make a statement about who the ultimate owners are and what their plans are for Birmingham City FC.
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