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Yeung demands new Birmingham EGM

Carson Yeung has triggered another EGM at Birmingham City.

Yeung, City's largest individual shareholder with a 29.9 per cent stake, had to get former England winger Steve McManaman and ex-Crystal Palace player Fan Zhiyi onto the board at Wednesday's EGM at St Andrews.

It is understood 68 per cent of shareholder's votes were against the double bid by the Hong Kong businessman.

Now Yeung is attempting to go down another route to have a voice in the boardroom by nominating William Chan, who is the chief executive of his company Grandtop International.

The Birmingham board are understood to be growing tired of Yeung's tactics after he failed to go through with his promise to take full control of the midlands club after buying his initial stake.

And it is also proving to be an expensive exercise, with every EGM costing £10,000 to stage.

A source close to the Birmingham board said: "Even if you allow for the fact that David Gold and David Sullivan have nearly 50 per cent of the shares, the other shareholders showed what their feelings are towards Carson Yeung.

"He has 29.9 per cent of the shares but the voting showed that he gained only about another two per cent of backing, while 18 per cent voted against his proposals.

"It is also costing the club £10,000 everytime an EGM is called.

"After what happened with the takeover failing to materialise, Carson Yeung needs to find some money - or sell his shares."

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