In a parting message to Birmingham supporters, David Sullivan and Karren Brady have underlined their hope that Carson Yeung's imminent takeover will propel the club to greater heights.
Both co-owner Sullivan and managing director Brady have already announced their intention to step down at Birmingham when Yeung's takeover is complete although David Gold will be staying on as chairman.
Reflecting on their 16-year association with the club, Sullivan and Brady detailed their achievements and voiced their hope for the club's progression under new ownership.
"Since coming to the club over 16 years ago, there have been many changes on and off the field," read a statement on the club's official website. "The day we came to St Andrews in 1993 the facilities were tired and in desperate need of refurbishment, the gates were averaging under 7,000 a game and the business was in dire need of stability.
"During our near 17 years at the club we have made tremendous developments to both St Andrews and the Wast Hills training ground. We bought the football club back to the top flight of English football for the first time in 16 years
"The club is now financially solvent and holds a highly valued status in English football to date. We are one of the only football clubs in the Premier League to run a successful and efficient business. But we realised 18 months ago, when we were relegated from the Premier League, that large sections of supporters wanted a change of ownership.
"With great effort, we have sourced a multi-millionaire, backed by other mega-rich Chinese investors who we hope can achieve for the club what we have failed to achieve.
"It is with a feeling of great sadness that we say goodbye to the club. We will always be Blues supporters, we will watch the results every week with interest and we hope that when you all look back you will realise we did a pretty good job in our near 17 years at St Andrews.''