Hong Kong businessman steps up bid to buy Birmingham

0 Comments | AFP, June, 2007

LONDON (AFP) — Hong Kong billionaire Carson Yeung is set to make further steps to purchase Birmingham City, who have been promoted to the Premiership, in the coming week.

The businessman, who had already made a bid to buy Reading, has already had his representatives visit the club and examine the accounts.

Blues owners David Sullivan and David and Ralph Gold are happy that Yeung has the sufficient funds to buy them out if they decide to sell for around 50 million pounds.

But they need to be satisfied that such a move would take the club forward and that Yeung and any of his business partners would have the good of the club at heart.

Sullivan has made it clear on several occasions that he would be happy to sell his stake in the club after 14 years and...