Chairman Gold to leave Birmingham

10 October 2009 10:34
Birmingham City chairman David Gold is to leave the club after rejecting a move into the vice-chairman position.Gold replaced Jack Wiseman as chairman in 1997 after taking control at St Andrews' with David Sullivan in 1993. [LNB]Sullivan, managing director Karren Brady and Gold's brother Ralph have all left the club following Hong Kong billionaire Carson Yeung's takeover. [LNB]Vico Hui, chief executive of Yeung's Grandtop International company, is expected to succeed Yeung. [LNB]Yeung's representative, Peter Pannu, told the Birmingham Mail: "We have a lot of respect for David Gold and the excellent job he has done for the football club.[LNB] Now that the old days of Sully, Gold, Brady & Bruce are behind us, what is the spirit amongst the players likely to be? MarkDennisLegend "Unfortunately we couldn't offer him the position of chairman which is what he wanted. Vico Hui is to come in as chairman. [LNB]"Regrettably our offer to David Gold to become a vice-president has been turned down so we were not able to come to a suitable agreement." [LNB]Grandtop International currently controls more than 90% of the club's shares and is expected to complete a compulsory purchase of the remainder, allowing the club to be moved off the Alternative Investment Market and into private ownership.

Source: BBC_Sport