Birmingham City release ‘world class’ statement after £2.4bn Sports Quarter announcement.

Jeremy Dale believes Birmingham City’s plans for a new stadium and east-side regeneration can now be taken ‘to the next level’. Dale, Blues’ interim CEO, has welcomed information that the Government will deliver £2.4 billion in financing to the West Midlands, with £300 million to £400 million put out for the construction of a tram link connecting the city centre to Blues’ proposed ground on the current Wheels site. Knighthead has been buying up land in the vicinity to create not only a 62,000-seater stadium, but a full Sports Quarter, which is expected to change the scenery and economics in that section of the city. ” Birmingham City Football Club has a strong history of supporting our local communities. The investment confirmed today by Richard Parker will allow us to take this to the next level – creating jobs, building infrastructure for our local community, and creating a world-class sporting venue that will put Birmingham on the map.”

The statement read: “Knighthead Capital Management, LLC, on behalf of certain of its affiliates (“Knighthead”) welcomes the West Midlands Mayor’s confirmation that the Chancellor’s multi-billion-pound investment in the region’s transport infrastructure will support the critical metro extension to Birmingham’s Sports Quarter.” “Today, ahead of the government’s Spending Review, the Chancellor will reiterate that £2.4 billion will be granted to the West Midlands Combined Authority to strengthen regional transport infrastructure.

Richard Parker, the Mayor of the West Midlands, will allocate this funds to construct a Metro extension from Birmingham City Centre to East Birmingham, so facilitating the future development of the Sports Quarter. Birmingham’s economy by 2035.

“Tom Wagner, Knighthead Co-CEO and Birmingham City chairman, stated: “The Chancellor’s commitment to improving transport connectivity in East Birmingham is a significant step forward for the Sports Quarter. It provides us with the springboard we need to move this transformative project forward at a rapid speed, providing enormous benefits to the people of East Birmingham and the wider region in the form of employment and opportunities, as well as economic growth that will be felt throughout the UK.”

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