Yeung Still Keen On Blues Buy-Out

Posted on May 27, 2008, 11:57 am
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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.

 

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