So a further announcement by the HKSE has today been issued confirming that the EFL have ratified the 45% stake to be gained by Shelby Companies Limited. This announcement rings us yet another step closer to ending the reign of our Chinese owners and the dawn of a new beginning for BCFC.
The announcement also confirms that the club will need to work within a budget to ensure that we remain with Financial Fair Play targets.
The announcement can be seen in full via the following link –
The club are now awaiting final agreement from the HKSE which will hopefully occur with the next few weeks. Upon completion the consortium which is headed up by Tom Wagner will have substantial control over the running of the club with a view to completing a full ownership change with 2 years
The change in ownership will bring to an end over 12 years of Chinese ownership and will see board changes that will bring experience to the club.
Any further updates will be cascaded as we get them
KRO and here’s to an exciting summer