Tom Wagner | |
|---|---|
| Born | Thomas Allen Wagner III [1] July 1969 (age 56) [2] |
| Education | Villanova University [3] Columbia Business School [3] |
| Occupation | Financier [4] |
| Known for | Co-founder of Knighthead Capital Management [3] |
| Co-owner – Birmingham City | |
| Assumed office 13 July 2023 [4] | |
Thomas Allen Wagner III (born July 1969) is an American financier who is best known as the co-founder and co-CEO of Knighthead Capital Management. [3] [4]
He is also the current co-owner and chairman of association football club Birmingham City. [4]
Wagner graduated from Villanova University in 1992 with a Bachelor of Science in Accounting. He later graduated Beta Gamma Sigma from Columbia Business School in 1999. [3] [5]
In 2008, he co-founded Knighthead Capital Management LLC alongside Ara Cohen. [3] [6] The company is an investment firm that specialises in "fundamental analysis, operational and financial turnarounds and risk management". [7]
On 13 July 2023, Shelby Companies Limited (SCL), a subsidiary of Knighthead, became co-owners of association football club Birmingham City. [4] SCL currently own 45.96% of the EFL Championship side. [8] As a result of the takeover, Wagner became the club's chairman. [8] A month later, on 3 August 2023, former NFL player Tom Brady "entered a partnership" with SCL as a minority owner of Birmingham City. [9]
Since the takeover, plans to replace the club's current home of St Andrew's have been in the works. On 9 April 2024, SCL acquired a plot of land in Bordesley Green to use for a new stadium. [10] [11] The proposed New Birmingham City Stadium will host 62,000 spectators and be surrounded by a "Sports Quarter", which will be used by all of the club's teams. [12] [13] The project has an optimistic completion date of 2029. [14]
Despite relegation from the EFL Championship in Wagner's first season at Birmingham City, [15] the club was promoted straight back up as champions of EFL League One the following year. [16]
In May 2023, Wagner and retired quarterback, Tom Brady, entered into an agreement to purchase 10 percent of the Las Vegas Raiders from majority owner Mark Davis. [17] The original deal was delayed due to concerns from NFL owners that Brady and Wagner were receiving too big a discount. [18] [19] In October 2024, a revised agreement was approved by NFL owners, with Wagner and Brady purchasing a five percent stake in ownership for a total of $220 million. [17] [20]
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