Bankers takes control of Birmingham over unpaid £2.2m fee to Carson Yeung's advisers

Birmingham City have effectively fallen under the control of investment bank Seymour Pierce because of a disputed £2.2million bill, according to reports.The bank run by Keith Harris won a High Court judgement against Blues' owner Carson Yeung's Grandtop investment company last month, when City announced their intention to appeal. Super season: Christian Benitez (left) has been a highlight for BirminghamSeymour Pierce claimed Yeung had agreed to pay them a £2.2m success fee when the Hong Kong businessman took advice on buying Birmingham in 2007.Although Yeung later appointed other advisers and did not use Seymour Pierce for the takeover, the bank successfully argued it was still entitled to the fee. New dawn: Yeung and his associates celebrate taking over at Birmingham last OctoberOn Wednesday, lawyers working for Seymour Pierce obtained a charge over shares in Birmingham which prevented the club from paying a dividend or selling shares, reports the Daily Telegraph. Birmingham City are yet to comment.Harris is often seen as the man to go to when buying clubs and is currently heading the high-profile 'Red Knights' bid to buy Manchester United. McLeish predicts Hart-ache at Man City if loan star returns to EastlandsMichel cleared to play for Birmingham as red card is chalked off by FAPICTURE SPECIAL: Rooney, Gerrard and 40 other top stars draw for charity BIRMINGHAM CITY FC

Source: Daily_Mail