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Yeung takes stake in Birmingham

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Old 07-16-2007, 02:23 PM   #1 (permalink)
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Yeung takes stake in Birmingham
Credit: BBC Sport


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Hong Kong businessman Carson Yeung has become Birmingham's largest single shareholder after buying 29.9% of shares from the club's directors.

David and Ralph Gold, David Sullivan, Karren Brady and Roger Bannister have all sold some of their shares to Yeung.

The deal is worth nearly £15m and could still lead to a potential £50m takeover of the club by the 47-year-old.

If Yeung increased his holding to 30% then it would allow him to trigger a bid to assume full control.

Yeung had paid a non-refundable deposit of £1.09m on 27 June in anticipation of the deal.

The Gold brothers and David Sullivan each sold 14.81% of the club's shares to Yeung.

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Yet another Premiership club becomes under Foreign ownership.

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Old 07-16-2007, 02:25 PM   #2 (permalink)
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Re: Yeung takes stake in Birmingham
Not onwer, he just took a stake which means he owns shit yet.
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Old 07-16-2007, 02:32 PM   #3 (permalink)
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Re: Yeung takes stake in Birmingham
Oops, another foreign person who holds a good percentage of shares in a Premiership club.
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Old 07-16-2007, 02:43 PM   #4 (permalink)
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Re: Yeung takes stake in Birmingham
Yeah he probably will buy more stake as time goes on but as of now he only has like under a third.
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Old 07-17-2007, 04:33 PM   #5 (permalink)
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Re: Yeung takes stake in Birmingham
When he purchases over thirty percent, which isn't that far away, he will have the option to purchase even more shares and may invokve a takeover of the entire club.
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Old 07-17-2007, 04:53 PM   #6 (permalink)
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Re: Yeung takes stake in Birmingham
Well it's obvious that he is going to try and take over, he will just bide his time buying them.
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