Yeung Buys Stake In Blues

Last updated : 27 June 2007 By Brian Cartlidge
Yeung's business, Grandtop International Holdings Limited, has acquired 29.9 per cent of club's shares from current directors David and Ralph Gold, David Sullivan, Karren Brady and Roger Bannister but he will not complete a takeover of the club.

A statement to the stock exchange read: "Shareholders should be aware that there is currently no indication at this stage that a formal offer will be made for the company as a whole but discussions are continuing with GIHL which may or may not lead to a cash offer being made for the company in due course."