Source: Daily_Mail
Carson Yeung will pay off £2.2m bank fee in bid to avoid control battle for Birmingham City
Birmingham are ready to adhere to a High Court ruling that they should pay £2.2million to investment bank, Seymour Pierce.[LNB]Blues sources have confirmed that club owner Carson Yeung will meet the payment in the next few days, although the club still intend to appeal against the judgment in the hope of recouping the money.[LNB] Pay back: Birmingham owner Carson Yeung (C) intends to repay a £2.2m bank fee[LNB]The payment relates to unpaid consultancy fees Seymour Pierce claimed for advising Yeung when he first tried to take over the club nearly three years ago and bought an initial 29.9 per cent stake in City.[LNB]The bank won a High Court judgment last month against Yeung's investment company Birmingham International Holdings but the fees were not paid by the April 12 deadline.[LNB] Battle for control: It was said if Yeung failed to pay, the bank would seize the club[LNB]That situation is now to be resolved with Yeung, who eventually bought Birmingham for £81m earlier this season, to pay up before pressing on with the appeal.[LNB]There had been speculation that Seymour Pierce would try to seize control of the club if they did not receive payment although that suggestion was quickly dismissed by City.[LNB] Birmingham bid to get United keeper Foster on loan when Hart returnsHart for England: Johnson backs Birmingham star as No 1... by 2014BIRMINGHAM CITY FC
