Birmingham City board have the money that matters
Birmingham City's new owners have insisted that they have the financial clout to make the club thrive.
They stressed that there was no danger of Blues suffering a major monetary meltdown, like many others before them who have ‘chased the dream’ and most recently Portsmouth and West Ham United.
Although nobody was prepared to reveal the identities, Carson Yeung is said to have galvanised a string of wealthy backers in Hong Kong and China to join his Blues adventure.
Yeung, the driving force behind the £81.5 million buy out, is reputedly worth around £150 million.
Colin Tattum and Andy Walker will be live online at The Emirates for match coverage and banter of Arsenal v Birmingham City. Join them and Bluenoses all over the world at 2.30pm tomorrow at www.birminghammail.net/live
Pollyanna Chu, boss of Hong Kong financial group Kingston Securities, was going to take a significant 29.9 per cent stake in Grandtop International Holdings, the takeover vehicle. She has placed it down and it is now likely to snare less than 10 per cent.
