Birmingham terminate Yeung takeover

Birmingham have terminated discussions with Carson Yeung’s investment company Grandtop International Holdings over his proposed takeover of the club.

The Blues made the announcement to the Stock Exchange this morning, ending months of uncertainty over whether the Hong Kong businessman and his associates would complete a buy-out of the club having bought a 29.9% stake in July.

The prospects of the deal being completed have faded in recent weeks and today’s statement from Birmingham City plc read: “The company announces that it has terminated discussions with Grandtop International Holdings (’GIH’) as the directors are no longer confident that GIH will be able to make a general offer for the company.

“The directors confirm that they are not in discussions with any other potential offerors for the company.”