Gold admits Yeung's Blues bid is 'dead'
BIRMINGHAM chairman David Gold has admitted that he and co-owner David Sullivan have been bracing themselves for "many weeks" for the collapse of the takeover bid by Carson Yeung.
Blues finally pulled the plug on the potential deal today after admitting in a statement to the Stock Exchange they were "no longer confident" that Yeung's investment company Grandtop International Holdings "will be able to make a general offer for the company".
Gold and Sullivan, who recently appointed former Scotland boss Alex McLeish as manager, will now resume the full running of the midlands club which they rescued from financial oblivion when taking control nearly 15 years ago.
Gold said: "We have been making contingency plans that the takeover would fail for several weeks and myself and David Sullivan have been running the club on that basis.
"There was always the chance someone could walk into our offices on December 21, the deadline we gave Mr Yeung to complete the deal, with the money to buy the club. But in reality we have been saying for some time that the deal was dead in the water."
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