Knighthead Capital Management LLC, the owners of Birmingham City, has been publicly recognized by
Warwickshire County Cricket Club as the preferred private investor for a minority investment in Birmingham
Phoenix’s The Hundred franchise.
Following a rigorous due diligence procedure and a competitive bidding round that involved numerous
multinational companies and people, Knighthead was chosen for exclusive talks. With a controlling interest in
Birmingham City FC and plans to construct a sports district, Knighthead is increasing its presence and solidifying
its investment in the city.
The New York-based firm, known for its strategic investments in global sports and infrastructure, will now enter
an eight-week exclusivity period with the Club and the ECB to finalise legal agreements. Upon completion,
Knighthead will acquire a 49% minority ownership stake in Birmingham Phoenix.
These latest negotiations highlight Knighthead’s expertise in global sports investments and its strong commitment
to Birmingham.
Warwickshire CCC Chief Executive Stuart Cain noted a strong synergy between the Club and Knighthead. He
added: “We’re both passionate about high performance sport, the communities we serve, and share a clear vision
of where we see this partnership going and the benefits it can bring.”
“Throughout the process Knighthead demonstrated a strong financial commitment and a deep understanding of
what it takes to elevate high-performance sport. They have far-reaching global influence that will help us promote
Birmingham Phoenix to cricket and sport fans around the world and a wealth of sports investment experience.”
“We’d said at the start of this process that we wanted an investor committed to invest in the region and be with us
for the long term, to make a real difference.”
was the initial sentiment expressed. “I believe we’ve found that in Knighthead and we look forward to working
with them during this exclusivity period.”
Tom Wagner, Co-Founder and Co-Managing Member of Knighthead, commented, “We are excited to enter
exclusive negotiations with Warwickshire CCC and the ECB to invest in Birmingham Phoenix.”
He added, “The Hundred represents a significant growth opportunity, and we look forward to providing our
resources and expertise to enhance Birmingham’s status as a world-class sporting destination.”
The chosen private investor for a minority investment in Birmingham Phoenix’s The Hundred franchise is
Knighthead Capital Management LLC, the owners of Birmingham City, according to a formal announcement made
by Warwickshire County Cricket Club.
Several foreign companies and individuals participated in a competitive bidding round and extensive due diligence
procedure before Knighthead was chosen for exclusive negotiations. Knighthead is strengthening its commitment
in the city and increasing its footprint by acquiring a majority stake in Birmingham City FC and establishing a
sports quarter.
Read more news:https://sportupdates.co.uk/
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