Birmingham's Chinese Revolution

The take over

 

The re-emergence of Carson Yeung may have filled some fans with dread, considering his last attempt to buy the club caused great disruption and eventually fell through, with what seemed to be a lack of funds. Few people seemed convinced that Grandtop International Holdings had the finances to buy the club let alone invest in it.

However, the takeover appeared to be back on as of the 25th of September when the FA announced that Yeung and Vico Hui were ‘fit and proper persons’  (whatever that means) and that they had the go ahead to proceed with the takeover of Birmingham city.

“As at 1pm on 6 October 2009, Grandtop owned or had received valid acceptances of the offer in respect of a total of 76,620,136 Birmingham City shares representing in aggregate approximately 94 percent of the current issued share capital of Birmingham City … Grandtop intends, as soon as practicable, to acquire compulsorily the remaining Birmingham City shares.”

So after an investment of over £80 million, fans were now hopeful that the new board could offer something the previous board couldn’t, a serious injection of cash which would enable Birmingham to establish themselves as a Premier league club.

 

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