Birmingham City board have the money that matters
“Grandtop is a listed company,” said Sammy Yu, Blues vice-chairman football. “Everything is so transparent. You can check the Hong Kong stock list, we have nothing to hide.
“But to us that is no longer important because we have taken control. Furthermore, there’s the determination of Carson Yeung to take this club on to the second level. He loves football himself.
“In future, Carson has promised to give even more support to the club so I have no worries. We want to strengthen this club now, make sure it goes forward.
“For the financial side, all I can say is that there has been lots of support from other companies into Grandtop and all these details are available from Stock Exchange official authorities.”
Yeung, a former hairdresser who has a string on business interests including property, energy supplies and publishing, said the fact he paid £1-a-share to seize power at Blues - a 240 per cent premium on the average share price over the last six months - showed his calibre.
Peter Pannu, Blues vice-chairman executive and finance, said: “Carson is the owner of not only one listed company in China. He has energy, water and various enterprises. The exposure of the club will source capital and tap into the huge financial market of China.”
Vico Hui, Blues chairman and CEO of Grandtop, said: “We have a lot of business deals with Chinese enterprises and the Chinese government. We know the way it works and that is our privilege.”
