Birmingham directors sell 30% stake

Birmingham directors David and Ralph Gold, David Sullivan, Karren Brady and Roger Bannister have agreed to sell 29.9% of the club’s shares to Hong Kong businessman Carson Yeung.

The Golds and Sullivan have each agreed to sell 14.81% of the club’s shares to Grandtop International Holdings Limited while Brady has agreed to part with 0.23%.

Fellow director Bannister completes the agreement, offering to sell 0.05% and all shares will be priced at the ordinary share capital of 61.331 pence.

Yeung heads GIHL and has until 5pm on July 16 to to complete the deal.