No Yeung likely in Birmingham City's future

English Birmingham City will confirm what has seemed obvious for the past couple of months — that Carson Yeung has not followed up with his bid to take over the club, the deal is dead and the club must move on.

The board has been public and vocal over the past few months in its belief that Yeung would not be able to follow his promises to buy the club. Owners David Gold and David Sullivan set a Christmas deadline after countless extensions.

There will be no more extensions for Yeung, though the owners may find another possible suitor, with a few Russian interests showing they might make a run for the club.

Gold even is mulling buying shares off Yeung, who is invested to the tune of a 29.9 percent stake, but not at the GBP 15 million Yeung originally paid.

"I went to work yesterday on the basis that the deal is off," Gold told the Guardian. "All my thinking regarding the transfer window and the activities of the football club are based on the fact we're going to be there until the end of the season at the very least."

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.