posted Jul 16, 2007

interestingly, he only owns 17% (or thereabouts) of Grandtop International who strictly speaking have bought the 29.9% stake.

So if Yeung is a billionaire (and even if he isn't) will we have access to the remaining 83% of shareholders in Grandtop in addition to Yeung's personal wealth?

This could be much bigger and better than it seems!

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posted Jul 16, 2007

grandtop is just a loss making side company that people use to purchase other businesses as far as i can work out from hong kong business sites

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posted Jul 16, 2007

I think you're right - but who are the other shareholders?

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posted Jul 16, 2007

GlosBigBlue. The remaining 83% of grandtop will be made up of many sources that we will not have access to. Company employees other than investors for example and also the general public shareholders fall into the 83%. As a guide roughly 22% of Blues is owned by public available stock. Blues may even have share options for its employess, I don't know

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posted Jul 16, 2007

The other shareholders were listed in the article re Steve McManaman- Grandtop is a 'shell' co. but what it means for Blues is still unclear- will he invest personally- or will he expect equal investment from other Board members if necessary- will Steve Mc be his representative @ Blues- is he flying to Germany to meet Brucey as he states wishes to meet him asap?? Will we be signing someone befoire the start of the new season- oh what fun it is to be a Blues fan- thank god Harewood as gone to the Village people( will suit him wearing the leather outfit)

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posted Jul 16, 2007

does anybody know exactly which one this takeover is going to benefit: birmingham city fc or birmingham city plc?

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posted Jul 16, 2007

I do not see how a PLC buying BCFC benefits the club. The shareholders may benefit (albeit lose their interest in the club investment) but until outside money is put INTO THE CLUB, the club is no better off.

Yeung does not own Grandtop and Grandtop has to raise any new investment into the club. It is all a little too vague at the moment to make any assumptions that it will be good for Blues either short or long term.

The Golds` and Sullivan are succesful businessmen so I look forward to developments with interest.

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posted Jul 16, 2007

Good times are ahead! Keep Right !On

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posted Jul 17, 2007

While any investment is welcomed, am I the only one who is a bit worried about this. I've tried to find out about Mr Yeung but i can't seem to find much except that he was(is?) involved with Honk Kong Rangers and there have been allegations about messing in team affairs (which I know he has denied but is there smoke without fire?)

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posted Jul 17, 2007

nobody knows much about him but fingers crossed everything is legit

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