BIRMINGHAM, England — American financier Tom Wagner is shopping for a forty five.64% stake in English soccer crew Birmingham, saying Monday the potential for the second-tier membership is “unlimited.”

The cope with Wagner’s agency, Shelby Companies Limited, will see it take management of Birmingham’s St. Andrews stadium.

Birmingham was final within the Premier League in 2011 and has been beneath Chinese homeowners since 2007.

In a letter to followers, Wagner stated Knighthead Capital Management, of which Shelby is a subsidiary, has experience in “turning around and transforming organizations that are experiencing difficulties.”

“We plan to commit the resources, in line with (English Football League) guidelines, the skills and the determination needed to deliver transformational improvements for the good of the club and the good of the city,” Wagner stated.

“The transition and implementation plans,” he added, “will take time and require your patience, but we believe we will earn your trust and succeed with your support.”

The deal is topic to approval by the EFL and the Hong Kong Stock Exchange.

Wagner was a visitor of the central England membership at its closing Championship recreation of the season, at dwelling to Sheffield United, on Monday. Birmingham was in seventeenth place within the 24-team league heading into the sport.

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