YEUNG INCREASES STOCK
Carson Yeung, Birmingham City’s biggest shareholder has increased his stake in the club to 24.9 percent according to a statement.
Yeung acquired 315,000,000 shares in Birmingham International Holdings in a private transaction for an undisclosed amount from an “independent third party” through his company Great Luck Management Ltd., the statement said.
One fan likened the move to Yeung "taking a gamble on the future of the club - almost like having a free football bet".
The announcement comes as League Cup winner Birmingham’s long-term financial structure is being examined by the Premier League after auditors for the soccer team cast doubt over its future.