Source: Daily_Mail
Premier League declares Yeung 'fit and proper' to complete City takeover
The Premier League has approved the appointment of Carson Yeung as a director of Birmingham as the Hong Kong businessman moves closer to a formal takeover of
the club.
Earlier this week Yeung's company Grandtop International Holdings increased their share capital in the club to 81.7 per cent with a view to the deal being finalised in early October, and now the Premier League have given their approval to Yeung and associate Vico Hui Ho Luek as directors of the midlands club.
A statement from Grandtop to the Stock Exchange read: 'The Premier League has confirmed to Grandtop that it has no objection to Grandtop increasing its stake in Birmingham City PLC to over 30 per cent.
'The Premier League has also confirmed that Carson Yeung Ka Sing and Vico Hui Ho Luek qualify for appointment as directors of Birmingham City FC and that their appointment as directors of the club may, so far as the Premier League is concerned, proceed.'
It is understood the statement confirms Yeung and Hui have passed the Premier League's 'fit and proper persons' test to serve as directors of the club.
The League's process of ratifying all directors of Grandtop as part of the takeover procedure is ongoing.
