Owner Yeung lowers stake in Birmingham after share sale

Carson Yeung

Yeung took over Birmingham in 2009

Birmingham City owner Carson Yeung's overall stake in the club has dropped from 24.9% to 23.3% after £3.63m was raised by selling shares.

The Premier League club revealed in April it has debts of £27.27m.

Birmingham won the Carling Cup in February but will need to provide assurances about its finances to play in the Europa League next season.

A statement said 6.43% of Birmingham International Holdings has been sold to people unconnected with the club.