As fans let their feelings be known on the pitch as well as off it on Saturday afternoon, news of a takeover was brewing.

Numerous posts from ex-Barcelona player Maxi Lopez have been doing the rounds as well as himself and Birmingham businessman Paul Richardson spotted at the ground.

However, news broke from journalist Neil Moxley that a UK based group were indeed further along with discussions:

With the news being that Maxi Lopez’s consortium were looking at investing a 24% stake in the club rather than buying the club outright, this news was welcomed by Blues fans.

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Today (Monday) John Percy for the Telegraph revealed the new ‘UK based group’ is in fact a UK businessman who has been given exclusivity to buy the club:

The report also states the potential UK-based buyer is working with financial expert Keith Harris, who has been appointed by Birmingham’s current ownership, Birmingham Sports Holdings Ltd, to help complete a sale.

Talks with the Football League are expected to start soon and it could only take up to four weeks for a potential sale.

Bowyer’s position as manager still remains uncertain and is likely to be revealed if and when the new owner/s comes in.

The report also revealed Birmingham City’s academy failed a recent audit by the Premier League, one that has had a Cat 1 status for many years now.

What do you think about this news Blues fans, are you feeling optimistic? Let us know your thoughts in the comment section below.