Carson Yeung adds to Birmingham shareholding

Carson Yeung
Yeung recently loaned Birmingham £4m

Hong Kong businessman Carson Yeung has increased his stake in Birmingham City to nearly 25%.

Yeung has bought 8.66% in the club's parent company from an "independent third party" to own 24.9% of the club.

He is now the substantial shareholer in Birmingham through his company Great Luck Management and his personal stake.

Birmingham earned a Europa League spot by winning the Carling Cup and the Football Association and Premier League will meet them to ratify their place.

There have been concerns raised over the club's finances and the prospect of them missing out on European football like Portsmouth last season.

Pompey, who had gone into administration earlier on in the 2009/2010 campaign, finished FA Cup runners-up but the FA and Premier League refused to endorse their application.

However, a scenario whereby Birmingham's financial situation could deny them their place in the Europa League was recently played down by the club's acting chairman Peter Pannuexternal-link after Yeung loaned the Midlands outfit £4m to ease its finances.