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Yeung take over might not happen

Wayne Shingler
By Wayne Shingler June 21 2008
Carson Yeung may pull out of the takeover deal at Birmingham City because he doesn’t have a good relationship with the current board according to Grantop Internationals cheif operations manager Sammy Yu. Yeung currently holds 29.9% of the Birmingham city’s shares.

Sammy Yu told the media

"I think we are in a very difficult position at the moment," Yeung's right-hand man Yu told the Birmingham Evening Mail.

"The truth is that we want to work together (with the board) to help Birmingham City go back up to the Premier League as quickly as we can, and then develop the club.

"But we have not seen any invitation from or any intention by the current directors for that to happen. We don't have any information from them about the way they run the club and make decisions even though we are entitled to it.

"We have said from day one that we want to buy the club, and do it step by step, in a good way. We must see every chance that this thing can be pushed forward or else we will have to consider our position on the business side. We can't deny that if it goes on as it is then we will have to find a solution."

Yu continued: "Mr Yeung has put in a lot of effort and given a lot of time to this matter. We have to come to some conclusion; Do we stay in, take back our shares and go away, or buy their shares?

"We really don't want to go somewhere else, but if things carry on as they are, we will have to look at that."

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