From The BBC:
Hong Kong-based businessman Carson Yeung has made a £1-a-share cash offer for Birmingham City FC, which values the club at £81.51m ($134.6m).If the deal goes through it will mean that half of the clubs in the English Premier League are foreign-owned. Mr Yeung’s Grandtop International Holdings bought a 29.9% stake in the club in June 2007, but stopped short of buying the rest. Grandtop has now received acceptances that would take its holding to 80%. It made a £3m deposit for the English Premier League club on Thursday. In a statement to the London Stock Exchange, Grandtop said it planned to “develop the club by investing in and strengthening the squad and infrastructure of the club over time”. ‘Global fan base’Grandtop also said that the primary aim of ownership would be supporting the club to “help it retain its Premier League status”. It added that it planned to “significantly increase its global fan base”, especially in Hong Kong and mainland China.
“It is intended…
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