In today’s Football Daily: Birmingham City’s bold League One plans
St Andrew’s might be an unprepossessing football ground in England’s second city but it has a different name these days: St. Andrew’s @ Knighthead Park. Why is that? Knighthead Capital Management LLC is the investment vehicle of the club’s chairman Tom Wagner, head of an operation specialising in “distressed and high yield companies”. Ah.
Wagner took relegation on his shoulders. “Our dedication to the betterment of this wonderful club transcends this unfortunate outcome, anchoring us firmly in our continued ambition for what is to come,” he droned. The solution? To throw more cash at it, £30m – £9m more than Manchester City this summer – on 11 players.
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