BIRMINGHAM are reportedly close to finalising a £50million deal for an abandoned motor circuit.
The Championship side plan to build a “sports mecca” at the site, which would include a new home stadium.
According to the Birmingham Mail, the club have been given the green light by the city council to buy a 48-acre piece of land.
A £50million deal to purchase the abandoned Birmingham Wheels motor circuit is now close.
The site was previously known as Wheels Adventure Park before being bought back by the council in 2019.
It is hoped the deal will be finalised within the next two weeks after months of negotiations, the report adds.
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However, the report also reveals that the council cannot confirm the identity of the buyer and the club have yet to comment.
Birmingham are understood to be planning to build a “sports quarter” on the sity.
A new stadium for the club would be at the centre of their 10-year vision for the project.
The Blues have played at the 29,409-capacity St. Andrew’s since 1906.
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On the pitch, the club are currently fighting to avoid dropping into the third tier for the first time since 1995.
Birmingham sit 21st in the Championship with eight matches remaining and are only outside the relegation zone on goal difference.
Despite spending seven seasons in the Premier League since 2002, the club are now into their 13th consecutive season outside the top flight.
Source: Soccer - thesun.co.uk
