Some figures of the Trillion Trophy Asia regime have been familiar to Birmingham fans, such as former chief executive Xuandong Ren, but ultimate owner Paul Suen is elusive - barely a photograph of the man exists online.

The ownership period has been chaotic, with point deductions and a crumbling stadium. The club was then sold in 2016 to Trillion Trophy Asia, a Hong Kong sports holding company registered in the Caribbean’s Cayman Islands. The Asian connection is because, for a long time, Birmingham were owned by Carson Yeung - who was jailed in Hong Kong for money laundering.

Here’s who owns each Championship club and how they made their money…įor the first time in a very long while, there are reasons for fans of the 2011 League Cup champions to feel optimistic.Ī takeover by American businessman Tom Wagner has been agreed and the deal is now in the process of final approval by the English Football League - and the Hong Kong Stock Exchange. Once upon a time, many of these clubs were simply owned by a local benefactor, but the division has a very international flavour now with owners from India to Thailand, Saudi Arabia to Malaysia.

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