Home | News | Sport | Soccer | Yeung Still Keen On Blues Buy-Out

Yeung Still Keen On Blues Buy-Out

Font size: Decrease font Enlarge font
image
Yeung paid £15m for his initial stake in Birmingham City.

Carson Yeung is still interested in taking full control of Birmingham City, according to his spokesman Sammy Yu.

Yeung is the club's largest individual shareholder after buying an initial 29.9% stake last summer.

The Hong Kong businessman was later heavily criticised for not completely buying out chairman David Gold and co-owner David Sullivan.

But Yu said: "Hopefully one day we can take the club over. All we have done is support the club."

Gold claimed the uncertainty over Yeung's long-term plans cost Birmingham the services of manager Steve Bruce, who left St Andrews to take over at Wigan in November.

Bruce kept the Latics in the Premier League, while Birmingham were relegated to the Championship under his successor Alex McLeish.

"We thought that if we got involved in the club at least for some time, then we could take over and guarantee that nothing will go wrong," added Yu, who is chief operating officer of Yeung's investment company Grandtop International Holdings.

"But then when an article appeared in a Birmingham match programme saying that Mr Sullivan would not deal with Mr Yeung, it made us feel disappointed because it was not even close to the so-called deadline to buy the club outright."

"We have been very polite but they have been quite unreasonable. We didn't ask for anything nor have we done anything to hurt the club."

Yeung had been set a deadline of 21 December 2007 to complete his buy-out, but the Blues released a statement to the Stock Exchange on 20 December to announce that discussions had been terminated.

 

Add to:       Facebook        Google        LinkedIn        Pinterest        Buffer        Digg       

Subscribe to comments feed Comments (0 posted):

Post your comment comment

Please enter the code you see in the image:

  • email E-Mail to a friend
  • print Print version
  • Plain text Plain text
Rate this article
5.00
Tags
No tags for this article
Featured Author
image

Kris Corbett

received a Masters degree in May 2010 from New York University in International Relations. Kris attained her Bachelor's degree from Pennsylvania State University in the 2004. In 2006, she moved from Scranton, PA to Manhattan where she currently works for a private equity firm.