Yeung Tables Takeover Offer

Last updated : 21 August 2009 By Brian Cartlidge

The Hong Kong businessman had on Thursday placed a £3million deposit down to buy the club.

If the offer proves successful then Yeung's Grandtop International Holdings would then raise their current 29.9% stake in the club to 80 per cent.

In a statement to the London Stock Exchange, Grandtop have assured manager Alex McLeish that his position and his backroom staff's positions would not be under threat should the takeover go through.

"It is intended that the current first-team manager, Alex McLeish, will continue in this role, supported by his existing backroom team," the statement read.