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Thirty-year-old cryptocurrency businessman Haydn Snape is the latest backer of the Birmingham City takeover

By on November 6, 2022 0

Dubai-based cryptocurrency businessman Haydn Snape is the latest backer to join Paul Richardson’s bid to take over Birmingham City, with his injection hoped to ‘speed up’ the takeover control

  • Haydn Snape has become the latest backer of the Birmingham City takeover
  • The 30-year-old crypto businessman will partner with Paul Richardson
  • A bid with Richardson, worth less than £50m, has been tabled to acquire the Midlands club
  • Birmingham are now four points clear of the play-offs after a 2-1 win over Stoke

Birmingham City’s protracted takeover took another twist on Sunday when it emerged that a new backer has linked up with future owner Paul Richardson.

sports mail includes Haydn Snape, a 30-year-old businessman who made his fortune in cryptocurrency, took on a role on the consortium in a bid to push through a deal.

In recent weeks a new bid with Richardson, worth less than £50m, has been tabled to acquire the Championship side – who are four points clear of the playoffs following Saturday’s 2-1 win at Stoke City.

Crypto businessman Haydn Snape is latest backer to join Birmingham City takeover

Harlee Dean (pictured) scored to help the Blues beat Stoke City 2-1 on Saturday

Harlee Dean (pictured) scored to help the Blues beat Stoke City 2-1 on Saturday

Richardson has worked alongside former AC Milan and Barcelona striker Maxi Lopez to take control of Birmingham for much of the year but has yet to finalize a deal.

Sources familiar with the negotiations say Snape’s injection should speed up the process and ensure the Blues get new ownership.

They also insist that Snape’s proof of funds was submitted to the EFL.

Birmingham are now four points clear of playoff places in 11th in the Championship

Birmingham are now four points clear of playoff places in 11th in the Championship

The CEO of Dubai-based Decentralized Investment Group is a Birmingham supporter and met Richardson during a match at St Andrew’s earlier in the year.

Snape learned of the opportunity to become involved in a takeover while negotiating a sponsorship deal with the club.

Born in Stevenage, Snape has a background in finance, having worked as a fintech consultant for companies including HSBC and JP Morgan.