http://blogs.birminghammail.net/birminghamcity/

Belly up?

By Colin Tattum on Sep 20, 09 10:23 AM

The 'fresh doubts' that have surfaced about Blues takeover have surfaced in one ill-informed individual's mind.

A report that claims it's possible Carson Yeung's buy out could collapse again should be disregarded.

GazgoalPM405971@TE190909HULL-24.jpg

Now, I don't claim to be an expert on legal and financial matters relating to the City and takeovers.

But Yeung's purchase of Blues is NOT dependent on the rights offer for Grandtop International Holdings.

The money has already been secured in the form of a bridging loan, and the rights issue has been underwritten by Kingston Securities anyway.

Yeung hasn't asked for any more time to raise cash because it is already available!

And a formal offer document has gone out to shareholders.

It's all systems go as far as the change in ownership is concerned. Even David Sullivan says Blues fans should be optimistic, and get behind Yeung.

Sammy Yu flew into England early on Saturday morning and is expected to watch the Sunderland game and talk to Blues owners, and David Gold about his role.

In the meantime, whilst things take their natural course, on the playing side Blues can reflect on a welcome first away Premier League win since Alex McLeish's debut match, Garry O'Connor scoring at Hull City (pictured).

4 Comments

ther notorious BIG said:

tatts,

saw you on the motorway to Hull.

why didnt you wave back?

Thongs said:

Tatts, what did you have for lunch? Roast beef here...recession? what recession?

Stalking Mayor said:

Tatt's, why don't you reply to my texts?? I'm weely weely hurt.

DirtDevil said:

Tatts, any chance you could get an interview with Chucho?

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