The syndicate that wanted to buy Birmingham City from the present owners, BSHL. It included former players Maxi Lopez (an Argentine striker who played for Barcelona. Also, AC Milan) and Paul Richardson (a businessman in the fashion sector and a “lifelong” Birmingham fan).
Maxi Lopez and Paul Richardson abandon Birmingham takeover
Paul Richardson and Maxi Lopez, after five months of negotiations, have announced that they would not be purchasing Birmingham City. Despite having been granted exclusivity to complete an acquisition in the summer. Richardson has acknowledged that his company, Maxco Capital, could not agree on amended terms.
They promised the purchase would be finalized “within three weeks” and have subsequently been seen at St. Andrew’s Stadium greeting new players. After months of investigating BCFC. However, Richardson said on Friday that Maxco will not be moving further with purchasing the club’s shares or the stadium.
“In light of our due diligence we attempted to renegotiate the terms of the original agreement to reflect our understanding of the current business status. But could not agree revised terms with the current owners.
“We have been left with no alternative and are bitterly disappointed as we know what this club means to the community and the loyal fanbase.”
