Yeung's City takeover alive

03 December 2007 02:12
Carson Yeung's proposed takeover of Birmingham City will eventually take place, according to one of the Hong Kong businessman's advisers. City's co-owners, David Sullivan and David Gold, have been downplaying the chances of a takeover going through, but Sammy Yu, chief operating officer of Grandtop International, the company through which Yeung intends to buy the club, remains optimistic. He told the South China Morning Post: "We don't know why they (Gold and Sullivan) are being so negative. "This kind of news does not help the cause. We hope that all parties will stay cool and work together. "We want to complete the takeover in a manner that will be best for everyone involved. After all, it is not like we are buying a television set. "We have already taken a 29.9 per cent stake in the club with real cash, it was not for a joke." Gold had said over the weekend: "There's been no information coming from their camp. There has been no communication. Everyone's saying the deal is dead. "Only six weeks ago I was saying it was a 90 per cent done deal. Now I'm saying it's more 90 per cent about the deal not going ahead. With every passing hour, you've got to say those odds shorten and shorten."

Source: ESA

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