Birmingham City's owner Carson Yeung puts in £2 million to pay off some of the club's debts

Nov 17 2009 by Colin Tattum, Birmingham Mail

Sullivan asked was it his fault that Yeung ‘failed to do full due diligence before he purchased the club?’

“He merely asked us about ten questions and failed to bring in accountants or auditors,’’ said Sullivan.

“It’s a bit like me buying a house and failing to conduct a survey and then moaning when the damn thing collapses.”

And Sullivan barbed: “The bottom line is that he’s a former hairdresser from Hong Kong who seems to think that he can buy favour with the supporters by consistently having digs at the former board and promising to fund a £40 million spending spree in January.”

Pannu has email correspondence allegedly showing that the old board were not as forthcoming in opening up the books as the incoming owners expected them to be.

Pannu said: “They took a £3 million deposit from us and we then had a very short period of time to complete the purchase.

“Due diligence could not be completed. We could not access the things that we wanted.”

As for transfer funds, Pannu stressed: “Our commitment to January is ongoing, despite so much mess that has been left behind for us.”

Last week Yeung employed a team of crack lawyers to start going through Blues’ accounts with a fine tooth comb, dating back to 2007 when he first bought into the club.