CARSON Yeung may be the new Blues boss within six weeks, it was revealed today.

Mr Yeung, who’s Grandtop International Holdings owns 29.9 per cent of the club, now has until October 1 to make an offer for the club. The potential offer of £1 per share for the 40.8 million shares available - around half the club's issued shares - would value the club at around £81.5million.

The Hong Kong businessman has signalled his intent by slapping down a £3 million non-refundable deposit, with the view to an £81.5 million buyout of the club.

Sources close to the deal hinted the takeover is set to be completed next month and suggest that Yeung already has the funds and a team ready to move straight into St Andrew’s.

Grandtop International Holdings, Yeung’s clothing firm and takeover vehicle today stated:

"The Grandtop Board is pleased to announce an all cash offer to be made by Grandtop to acquire the entire issued and to be issued share capital of Birmingham City other than those shares already owned by Grandtop.

"The offer will be made on the basis of 100 pence for each Birmingham City Share to which the offer relates.

"The offer values the entire issued share capital of Birmingham City at approximately £81.51 million."

"It is intended that the current first team manager, Alex McLeish, will continue in this role, supported by his existing backroom team," it added.

Grandtop also said that Karren Brady would remain in place as managing director of the club should its takeover succeed.

But, unlike the stalling that soured their 2007 pursuit, Grandtop look set to be well inside that time frame and, all being well, should complete the deal in September.