Football

League clear way for Yeung

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Carson Yeung has moved closer to completing his takeover of Birmingham after the Premier League raised no objection in him increasing his stake in the midlands club.

Yeung had already been the leading individual share-holder with 29.9% of the shares and earlier this week he increased his company Grandtop International Holdings increased this to 81.7%.

A statement from Grandtop to the Stock Exchange read: "The Premier League have confirmed to Grandtop that they have no objection to Grandtop increasing their stake in Birmingham City PLC to over 30%."

It continued: "The Premier League have also confirmed that Carson Yeung Ka Sing and Vico Hui Ho Luek qualify for appointment as directors of Birmingham City FC and that their appointment as directors of the club may, so far as the Premier League are concerned, proceed."

It is understood the statement confirms Yeung and Hui have passed the Premier League's 'fit and proper persons' test to serve as directors of the club.

Blues manager Alex McLeish is hoping Carson Yeung can take the club to "another level".

McLeish said: "It looks pretty certain that we will be looking forward to a new era now. There is a buzz about the place and the fans are anticipating another step forward."

"I don't know a lot about things yet but that makes it a bit more exciting and I don't have any fear or anything like that.

"This is something I have a great anticipation for and I am waiting for it to happen. I'm looking forward to working for the new owners and let's hope we can take the club forward.

"I don't think there is any problem now with me picking up the phone and speaking to Carson's people and, as soon as we set up a meeting, that will be excellent."

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Topics:
Football
Premier League
Alex
Birmingham

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