Indian-born billionaire Lakshmi Mittal - the fifth richest man in the world - has emerged as a contender to buy Birmingham.

The steel magnate, who is worth £19.25 billion, has made an inquiry about the possibility of taking over the midlands club from David Sullivan and David and Ralph Gold.

Mittal, who is based in the UK, has not so far followed up his initial interest in the Blues who have become a more attractive commodity following their return to the Premiership.

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