Hong Kong tycoon Carson Yeung said Monday he has offered 57.13 million pounds (94.7 million US) to buy English Premier League team Birmingham City, promising money to buy new players.
Yeung, whose Hong Kong-listed Grandtop International has a 29.9 percent stake in the club, said the firm would raise 785 million Hong Kong dollars (100.6 million US) through an open offer of shares for the acquisition.
The businessman's latest attempt to seize control of the newly promoted side came after his first bid in 2007 failed to materialise.
But he said he was only waiting for the right moment for the takeover.
"The club was relegated (in the (2007/08) season. I bought it this year because it bounced back.
It's as simple as that," he told a press conference in Hong Kong. Click to read more...
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