Yeung Completes Blues Takeover

Carson Yeung’s takeover of Premier League club Birmingham City has been completed with the Hong Kong businessman’s Grandtop Holdings announcing the acquisition of 94% of the shares in the club.

By passing the 90% threshold, Grandtop are now in a position to oblige the remaining independent shareholders to sell their stake, clearing the way for the club to be de-listed from the Alternative Investment Market and run as a private business.

Yeung is expected in England next week for talks with Birmingham manager Alex McLeish, who has said he is looking forward to working with the new owners.

Yeung will have his work cut out however as he seeks to win over Birmingham supporters, many of whom blame his failed takeover attempt in the 2007-08 season, which triggered the departure of then-manager Steve Bruce, for the club’s relegation at the end of that campaign.