Yeung Completes The Takeover Of Birmingham
According to ESPN Soccernet, Carson Yeung and his company Grandtop Holdings announced that they have purchased of 90% of shares in the Birmingham Club. Grandtop made a statement saying,
“Grandtop is pleased to announce that, all conditions of the offer, having been satisfied or waived, the offer is hereby declared unconditional in all respects.”
“As at 1pm on October 6, 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% of the current issued share capital of Birmingham City.”
