Latest news with #TomWagner
BBC News
19-07-2025
- Business
- BBC News
Birmingham Sports Quarter - what you need to know
Plans for a new Sports Quarter in Birmingham are moving forward, with billions of pounds earmarked for the project and excitement growing in the city. The project is being led by the US owners of Birmingham City Football Club (BCFC) and at the heart of the plans is its new 62,000-seat Tom Wagner, co-founder of Knighthead Capital Management, says the benefits will be felt far beyond Blues fans, with transport links transformed, thousands of jobs created and a super stadium to hold world-class City Council has stated the quarter would be a "sporting centre of excellence". Here we explore where the Sports Quarter will be, what will be in it and when it might become a reality. What will be in the Sports Quarter? Wagner told BBC Sport in June his vision was to create "an entertainment venue unlike many others in the world". The plans include a 62,000-seat stadium, more than double the capacity of the current Blues ground. Wagner said it would also include a 15,000 to 20,000-seat arena and a show pitch."The goal will be to host a whole range of international events not solely in football but [including] American football and rugby," he said. Birmingham City FC has said the multi-use stadium will include a retractable pitch to allow for concerts and other non-sporting events to take will build a training complex for their professional senior teams and academies, and the site is set to also include community pitches, retail and education. "There will be provision for housing and hotels, recreational facilities and plenty of green space," the club said. Wagner told the BBC it was a "unique opportunity"."If you were to look across western Europe, you would be hard-pressed to find another city with that much land available within walking distance of the city centre, where a project of this magnitude can be created and done so in an economically viable way," he said. Alongside these plans, Wagner and his team have strong ambitions for the Blues, who were promoted from League One last season with a record 108-point haul. Where will the Sports Quarter be? When Knighthead bought Blues in July 2023, they told fans they believed the club's potential was "unlimited".Less than a year later, in April 2024, they completed the purchase of the 48-acre former Birmingham Wheels motorsport site in Bordesley, less than a mile away from St Andrews, the club's home since Wheels closed in 2021, after 40 years of hosting go-karting, stock car racing and skating events, and was once the home of the Birmingham Brummies speedway team. The city council-owned site had long been touted as a potential development site for Birmingham City, and its future had been hanging in the balance for some than £17m of the government's Levelling Up Fund was allocated to it for remediation site off Adderley Road is in a key - but deprived - location, ripe for redevelopment. It is less than a mile from the city centre, just off the ring road and close to Adderley Park railway has said the site was "not serving the local community" despite being surrounded by hundreds of homes. How will transport links be transformed? The project really gained momentum last month, when Chancellor Rachel Reeves visited St Andrews and announced a £2.4bn investment in West Midlands transport links, with the Sports Quarter at the heart of the masterplan. A planned extension of the Midland Metro would mean a direct tram route to the Sports the East Birmingham Metro to North Solihull Metro Extension, it will take people from the Eastside area of the city and serve the likes of Millennium Point, Birmingham City University, the Curzon Street HS2 station and Digbeth. Digbeth is home to the Digbeth Loc. Studios, set up by Peaky Blinders creator Steven Knight, and construction is under way for the BBC's new Tea Factory base. Longer term, this tram line is planned to take passengers to North Solihull - including to Birmingham Airport, the NEC and the HS2 Interchange. How will the community benefit from a Sports Quarter? The government has estimated the project would transform the Bordesley area of Birmingham, creating 8,400 new jobs and driving further investment from private firms. Wagner is expected to invest up to £ Richard Parker told BBC WM presenter Ed James many of the jobs were expected to be the first jobs of young people from the surrounding communities. starting out in employment. He explained this was "really important because this part of the city is one of the most deprived", and he and Wagner hoped to open up job opportunities for young Blues chairman has said the club had a proud history of giving back to the local community and the project would deliver opportunities "and prosperity lasting generations in one of the poorest parts of the whole of the country". "And that's something in which we should all be very proud," he added. Who is behind the project? In June 2023, the English Football League approved US-based Shelby Companies Ltd's takeover of Birmingham Companies is a subsidiary of Knighthead, which was co-founded by Tom Wagner and Ara Cohen in 2008. Wagner told Blues supporters in an open letter that Knighthead's expertise was in "turning around and transforming organisations that are experiencing difficulties". He wants fans to be involved in the journey. Parker said Wagner had been looking to get a foothold in the sports industry in the UK and "had made his money by investing in what have been unloved and neglected" assets, adding, "Let's be frank, the football club had been for a number of decades." Excitement grew when Tom Brady, the NFL quarterback and seven-time Super Bowl winner, became a minority owner of the Championship club months after retiring in 2023. Wagner said Brady was investing and "committing his time and extensive expertise". When will the Sports Quarter become a reality? Wagner told BBC Sport they expected the club to be using its new stadium in the 2030/31 season, which was the timeline that looked "most achievable at present". Certainly, the government investment was a turning point when many started to believe the Sports Quarter would become a O'Neill and his son Matt, who co-host the BCFC Royal Blue podcast, told followers it was a "huge" day for the club which would sway "even the most sceptical fan" who had not dared to believe it would said the proposal was initially "laughed at" by some people on social media and attracted lots of comments from other fan bases but now felt real."This just feels like something special," he said. The Midland Metro Alliance said initial development for the East Birmingham to Solihull link was under way by Transport for West Midlands. "As with other new light rail schemes, the extension will require a Transport and Works Act Order application to be submitted, providing the powers to construct, maintain and operate the tramway" on that route. Richard Parker said the owners were aiming to secure outline planning permission soon and after that were looking to make "real progress" with the stadium by 2028/ also told the BBC a task force was put together to drive the Sports Quarter project and help the key stakeholders work together with clarity about their objectives. "The pace of this is phenomenal," he said, adding the sense of ambition shown by Wagner, Steven Knight and others committed to the city had "captured the imagination, not just of people in this region, but of government too". Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.
BBC News
24-06-2025
- Business
- BBC News
Birmingham appoint Dale CEO on permanent basis
Birmingham City have appointed Jeremy Dale as the club's chief executive on a permanent has been doing the job on an interim basis since replacing Gary Cook, who stood down for personal reasons, in club said former Microsoft executive Dale, who helped broker the successful takeover of Blues by American owners Knighthead in 2023, had brought a "dynamic blend of strategic leadership, operational excellence, and lifelong passion for Blues" to the will continue to oversee strategic development along with day-to-day operations and performance, as well as "accelerating commercial growth, and engage fans and partners across all levels". Dale said it was "an honour" to become the permanent CEO, adding the opportunity the role presented working with the club's owners was "huge".Blues chairman and co-owner Tom Wagner said, external the club had made "significant progress" under Dale and were "excited for his continued leadership as we maintain our focus on executing our long-term strategy and building a strong foundation for the future".Wagner, whose colleagues on the Blues board include NFL legend Tom Brady as a minority owner, is targeting a return to the Premier League following the club's record-breaking promotion from League One last big-spending owners are also keen to build a new 62,000-seater stadium to replace their current home St Andrew's as part of a planned 125-acre 'Sports Quarter' development to the east of the plans were recently boosted by the government's decision to invest £2.4bn in a local transport link to the proposed site.
BBC News
09-06-2025
- Business
- BBC News
Phoenix investor Wagner has 'confidence' in deal
Birmingham Phoenix's US investor Tom Wagner says he has "every confidence" a deal for the Hundred franchise will be finalised, and he remains "committed" to the of shares in the eight teams, worth around £520m, were announced by the England and Wales Cricket Board (ECB) in an eight-week exclusivity period to agree terms was extended in March, and there remains no clarity on when contracts will be Knighthead Capital agreed to pay £40m for a 49% share in the speaking publicly about the reasons behind the delay for the first time, the American told BBC Sport: "What everybody wants is the ability to make The Hundred even more commercially viable and to grow the product."It really should see more exposure globally, so I think a number of the conversations are around how that happens and what timeframe, how that moves forward."There's a good alignment of interests and, as is the case with any negotiations, there's always a bit of back and forth."There is no suggestion that any of the deals will fall through, however there is the possibility they will not be completed before this year's edition begins on 5 ECB confirmed the extension of the exclusivity period more than two months the time, the prospective buyers of the two London franchises raised concerns over the competition's participation American consortium of tech billionaires agreed to pay £145m for a 49% stake in Lord's-based London Spirit, while India's richest family - the Ambanis - purchased the same stake in the Oval Invincibles for £60m. There have also been discussions over the sale of future TV rights. The current United Kingdom TV deal, principally held by Sky, expires in 2028. When it is renegotiated, rights for The Hundred will again be sold as a complete package, rather than separated from international and other domestic TV rights, seen as a key area of growth, are piecemeal. Deals for separate competitions or series arise at different added: "I won't comment on the specific negotiations but what I will say is we're very excited at the prospect of investing in the Phoenix."We're committed to it, we're excited by it and I have every confidence we'll get to closing."The Knighthead Group also includes legendary NFL quarterback Tom Brady. They are already owners of Birmingham City, and last week the prospect of a new 62,000-seater stadium as part of a £3 billion 'Sports Quarter' took a significant step forward when the government confirmed £2.4bn investment in transport who founded Knighthead, said: "We think it's a fantastic opportunity. It shows our commitment to Birmingham, beyond simply Birmingham City Football Club."We really, genuinely want to see Birmingham continue to develop and grow. The Phoenix is a great way to expand the exposure of the city to a broader, more global audience. It's also a way for us to tie-in to the substantial south Asian community that is here in Birmingham."Proceeds from the sales will be shared among the 18 first-class counties, Marylebone Cricket Club and the domestic game in England and ECB will retain overall control of the competition, but investors could change the name, colours and branding of their teams. The American investor in Welsh Fire has already said he would prefer The Hundred to switch to a T20 if deals are completed before the beginning of the 2025 competition, there is little change expected this year. Both the ECB and the investors see it as a transitional season.
Yahoo
04-06-2025
- Business
- Yahoo
Birmingham aim to reach Premier League next year
Birmingham City chairman Tom Wagner says the club are targeting successive promotions and reaching the Premier League next year "is certainly the goal". The League One champions broke the EFL record for most points in a season in 2024-25, and the American businessman told BBC Sport he wants the club to return to the top flight "as quickly as we can". Advertisement With plans for a new stadium handed a major boost on Tuesday, after the government confirmed investment in local transport links, Wagner believes the Blues will be "highly competitive" in the Championship. And he says that is because the club's commercial revenues will be "very close to, if not in line with" those of rivals in receipt of parachute payments. Leicester City, Southampton and Ipswich Town will each benefit from almost £50m next season, having been relegated from the Premier League. Birmingham spent £25m after dropping down from the Championship last year, and Wagner vowed to be "very active in the transfer market" this summer in a bid to build on the progress under "exceptional" manager Chris Davies. Advertisement He added he is open to the idea of clubs playing some cup matches overseas as a means of growing an international fanbase. 'Unique opportunity' A "thrilled" Wagner was speaking after his hopes for a new 62,000-seat stadium to replace St Andrews took a significant step forward, with government funding for a new tramline to a planned £3bn 'Sports Quarter' in the east of the city. The club's owners, US investment firm Knighthead Capital - which Wagner founded - wants to build a 125-acre sports and leisure complex on abandoned land in Bordesley Green, and have been trying to persuade ministers to grant the West Midlands billions of pounds to fund new transport links for the regeneration project. Advertisement Now that has been achieved, he says the aim is for the "transformative" Sports Quarter - which will also include a 20,000-seat arena, hotel and training complex for the club's men's, women's and academy teams - to be open by 2030. "We needed the transport links to ensure the site was viable," said Wagner. "This will be an entertainment venue unlike many others in the world." "We have a unique opportunity. If you look across western Europe you'd be hard pressed to find another city with that much land available... where a project of this magnitude could be created. Advertisement "This will be a venue that is used 365 days a year, we'll create 8,500 jobs... the goal would be to host a whole range of international events, not solely football but American football, rugby." Seven-time Super Bowl champion Tom Brady is a minority owner of Birmingham City. When asked if there was a risk that the new stadium would result in higher ticket prices for supporters, Wagner said: "If you price out the fans that are here you have different people sitting in the stands, you lose the singing, you lose the passion and then you've lost your product. "We have to remember this is a club of the people and that means the solution for growing commercial revenue is not solved through ticket prices, it's solved through making a better product." Advertisement Last year, Birmingham City's former chief executive Garry Cook said it would be "a great idea" if they played a league match against fellow US-owned club Wrexham on American soil. "I don't think that it makes sense to do it necessarily with regular-season matches," said Wagner. When asked what he thought about potentially playing some domestic cup matches in the US, he said: "It's something that has to be thought of. "When you think about the top-tier clubs in the Premier League, they're competing globally, which means that they have to have global fans and global-scale revenue, and if that means playing some matches overseas to create more following and revenue for the club I think that's a good thing. Advertisement "You have to find a way to do it that doesn't take away from your local community, so it's very much a balancing act. There's a very fine line that needs to be walked there, but I think for the top clubs it's something that has to be seriously considered. "Perhaps there's a different tournament, or something that happens that allows for that, maybe at a different point in time in the season. There's a whole series of ways that could be pursued beyond simply the pre-season tours." When asked what assurances he could give to fans concerned about the number of English clubs now controlled by US investors, Wagner said: "The reason Americans are drawn to investing here is because it's English football. "If we 'Americanise' it, then it's lost everything that drew people here in the first place."
BBC News
04-06-2025
- Business
- BBC News
Birmingham aim to reach Premier League next year
Birmingham City chairman Tom Wagner says the club are targeting successive promotions and reaching the Premier League next year "is certainly the goal".The League One champions broke the EFL record for most points in a season in 2024-25, and the American businessman told BBC Sport he wants the club to return to the top flight "as quickly as we can".With plans for a new stadium handed a major boost on Tuesday, after the government confirmed investment in local transport links, Wagner believes the Blues will be "highly competitive" in the he says that is because the club's commercial revenues will be "very close to, if not in line with" those of rivals in receipt of parachute payments. Leicester City, Southampton and Ipswich Town will each benefit from almost £50m next season, having been relegated from the Premier spent £25m after dropping down from the Championship last year, and Wagner vowed to be "very active in the transfer market" this summer in a bid to build on the progress under "exceptional" manager Chris added he is open to the idea of clubs playing some cup matches overseas as a means of growing an international fanbase. 'Unique opportunity' A "thrilled" Wagner was speaking after his hopes for a new 62,000-seat stadium to replace St Andrews took a significant step forward, with government funding for a new tramline to a planned £3bn 'Sports Quarter' in the east of the club's owners, US investment firm Knighthead Capital - which Wagner founded - wants to build a 125-acre sports and leisure complex on abandoned land in Bordesley Green, and have been trying to persuade ministers to grant the West Midlands billions of pounds to fund new transport links for the regeneration that has been achieved, he says the aim is for the "transformative" Sports Quarter - which will also include a 20,000-seat arena, hotel and training complex for the club's men's, women's and academy teams - to be open by 2030."We needed the transport links to ensure the site was viable," said Wagner."This will be an entertainment venue unlike many others in the world.""We have a unique opportunity. If you look across western Europe you'd be hard pressed to find another city with that much land available... where a project of this magnitude could be created."This will be a venue that is used 365 days a year, we'll create 8,500 jobs... the goal would be to host a whole range of international events, not solely football but American football, rugby."Seven-time Super Bowl champion Tom Brady is a minority owner of Birmingham asked if there was a risk that the new stadium would result in higher ticket prices for supporters, Wagner said: "If you price out the fans that are here you have different people sitting in the stands, you lose the singing, you lose the passion and then you've lost your product."We have to remember this is a club of the people and that means the solution for growing commercial revenue is not solved through ticket prices, it's solved through making a better product."Last year, Birmingham City's former chief executive Garry Cook said it would be "a great idea" if they played a league match against fellow US-owned club Wrexham on American soil."I don't think that it makes sense to do it necessarily with regular-season matches," said asked what he thought about potentially playing some domestic cup matches in the US, he said: "It's something that has to be thought of."When you think about the top-tier clubs in the Premier League, they're competing globally, which means that they have to have global fans and global-scale revenue, and if that means playing some matches overseas to create more following and revenue for the club I think that's a good thing."You have to find a way to do it that doesn't take away from your local community, so it's very much a balancing act. There's a very fine line that needs to be walked there, but I think for the top clubs it's something that has to be seriously considered."Perhaps there's a different tournament, or something that happens that allows for that, maybe at a different point in time in the season. There's a whole series of ways that could be pursued beyond simply the pre-season tours."When asked what assurances he could give to fans concerned about the number of English clubs now controlled by US investors, Wagner said: "The reason Americans are drawn to investing here is because it's English football."If we 'Americanise' it, then it's lost everything that drew people here in the first place."
