BIRMINGHAM, England (AFP) - Carson Yeung could be ready to pull the plug on his bid to buy Birmingham City.
Yeung holds a 29.9 percent stake in the Championship club through Grandtop International and has been trying to complete a takeover for several months.
But his relationship with the current Birmingham board has fractured, leading Grandtop's chief operations officer Sammy Yu to suggest Yeung is set to end his interest.
"I think we are in a very difficult position at the moment," Yu told the Birmingham Evening Mail.
"The truth is that we want to work together (with the board) to help Birmingham City go back up to the Premier League as quickly as we can, and then develop the club.
"But we have not seen any invitation from or any intention by the current directors for that to happen. We don't have any information from them about the way they run the club and make decisions even though we are entitled to it.
"We have said from day one that we want to buy the club, and do it step by step, in a good way. We must see every chance that this thing can be pushed forward or else we will have to consider our position on the business side. We can't deny that if it goes on as it is then we will have to find a solution.
"We really don't want to go somewhere else, but if things carry on as they are, we will have to look at that."
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Yeung and his colleagues, by their recent comments, especially compared to their conduct last autumn have demonstrated what terrific street market hagglers they are. Unfortunately, their conduct will make their prize worthless in the end whether they win it or not. The Stock Exchange Takeover Panel should ban them from the market due to their consistently damaging conduct and it's impact on current shareholders and the company itself.
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