More blows for Birmingham City shareholder Carson Yeung. A day after his UK advisor Steve McManaman refused to stand for elections to the Birmingham board, the businessman has been rocked with the potentially damaging news that Birmingham co-owners David Sullivan and the Gold brothers, chairman David and Ralph have increased their stakes of the Midlands clubs up to a total of 50%.
Yeung has been speculated by the media to takeover the Premiership club although his representative has continuously denied it. He has a stake of 29.9% but the escalation of the trio’s share to 50% does damage his long term proposition to take over the running of the club.
Both Sullivan and David Gold do not want any more intrusion of Yeung into the club and their joint venture to increase their shares in Birmingham is actually one method of telling him to get away.