Yeung secures 51.8 per cent more of Birmingham City

23 September 2009 | By Adam Fraser

Contract summary

Length of contract: n/a
Annualised value: n/a
Overall value: US$68 million

Carson Yeung has spent nearly US$70 million to secure approximately 51.8 per cent of the shares in Birmingham City, the English Premier League club.

The shares, added to the 29.9 per cent already controlled by Yeung's Grandtop International Holdings, give Yeung a total of 81.7 per cent of the club. He expects to complete his takeover in the near future, and the deal is expected to be formally completed in October.

Earlier this month Yeung unveiled his plans for the club - starting with using it to develop the sport in China.

"Over the past 10 years China has had its sports boosted, but there has been no development for football," he said. "So I would like to make my humble contribution. In the future, when the team is stabilised, we will recruit Chinese players who have potential.

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