Birmingham co-owner David Gold has revealed he is happy that he did not sell the club to Carson Yeung.
Hong Kong tycoon Yeung tried to gain control at St Andrews by buying Gold's stake in the club, only for the deal to fall through.
Gold says he was never keen on selling his stake to Yeung and that he was delighted that the takeover collapsed last month.
"It was almost a commitment to David Sullivan that if an offer came in of £50million I was willing a seller," Gold told Sky Sports News.
"But the actual fact was I wasn't a willing seller, but in a way had given an undertaking to David Sullivan and I was quite pleased that the deal with Carson Yeung collapsed."
Gold's partner Sullivan believes foreign owners are coming into English football with the sole purpose of making money.
"We went into football not really to make money, but to have a bit of fun and try and do our best for the club," said Sullivan.
"But I think a lot of foreign owners come in with one motive and that is to make money."