David Gold today hit back at the jokers who claim the only way Blues can get their hands on the FA Cup is to buy it.
Gold said he was expecting the jibes after spending £480,000 on the oldest existing version of the trophy at auction.
Blues have never won the FA Cup - they were finalists in 1931 and 1956 and last reached the semi-finals in 1975.
"I was prepared for all the jokes," Gold said. "Sadly, in our 130-year history we haven't lifted the trophy, which is bitterly disappointing.
"But what I would say in response to the jibes is that we are now a football club good enough to win the FA Cup - and it wouldn't surprise anyone.
"Yes, you need a bit of luck here and there, but I don't think it is beyond the realms of possibility any more - that's how far this club has come."
The trophy was made in 1896 as a replacement for the original.
Gold revealed that he would offer football chiefs the chance to display it at the new Wembley on FA Cup Final day next year, when the stadium is due to officially open.
Said Gold: "Wouldn't it be perfect to have the trophy exhibited at the inaugural FA Cup Final at the new ground?
"I still believe the national stadium should have been built in Birmingham but we've got to move on from that."
Multi-millionaire Gold admitted that he bought the trophy partly as an investment, but primarily to stop it going abroad.
"I was driven by the fact that a piece of our football heritage, part of our game's great history, could have fallen into German or American hands," he said.
It was thought that Chelsea owner Roman Abramovich would be bidding for the trophy at Christie's, in London.
But Gold's biggest rival was the National Football Museum, in Preston.
Gold said: "I was told by experts that the top-end value was £500,000. If it had gone above that, then I'm sure Roman would have been bidding for it.
"Let's face it, he has got so much money, it wouldn't have mattered what price he paid.
"I'm pretty certain he wasn't involved."
Gold celebrated his newlyacquired piece of silverware at his fianc?e Lesley's 50th birthday party the next night.
"We put the Cup on the dining room table and decked it out in blue and white ribbons," he recalled.
"Everybody just talked and talked and talked about it. It made for a wonderful night.
"And let me tell you, it is an absolutely stunning piece of silverware to own."
Gold said that, subject to security issues, the FA Cup would also go on show at St Andrew's next season.
The original was stolen while on display in a Birmingham shop window after Villa won the competition.
Gold joked: "I'm sure it was a Villa fan and not a Birmingham fan who stole it!
"I will have to speak to Karren Brady about security issues, but it will probably go on display at St Andrew's next season."
"This is about football fans," Gold added.
"This splendid cup has been locked away in a safe for 100 years."
The £420,000 sale beat the previous record of £254,000 paid for the Jules Rimet World Cup in 1997.
A premium took the actual price of the silver cup, presented to winning teams from 1896 to 1910, to a whopping £478,400.