Yeung Given Premier League Approval

Last updated : 25 September 2009 By Brian Cartlidge

The Hong Kong businessman's Grandtop International Holdings company announced earlier this week that they had increased their share capital in the club to 81.7 per cent and that completion of their takeover at the club should be finalised early next month..

"The Premier League has confirmed to Grandtop that it has no objection to Grandtop increasing its stake in Birmingham City PLC to over 30 per cent," a statement from Grandtop to the Stock Exchange read

"The Premier League has also confirmed that Carson Yeung Ka Sing and Vico Hui Ho Luek qualify for appointment as directors of Birmingham City FC and that their appointment as directors of the club may, so far as the Premier League is concerned, proceed."