Birmingham City boss Alex McLeish has welcomed the collapse of Carson Yeung's takeover bid.

He said: "At last (the failed takeover bid) is in public. It is good news now that everybody knows. The clarity is there for fans and we can move forward.

"David Gold, David Sullivan and (managing director) Karren Brady seem as if they have been revitalised. Hopefully we can look forward to some good things together.

"When I had the meeting with them when I came to Birmingham, there were things they told me that I could not reveal publicly. Those talks were part of the reason for me coming here.

"Those talks were important. I was given the impression at that time the takeover wouldn't be going through and I based my acceptance of the job on that."

McLeish added: "I can now get on and try and finalise plans for January. There are a lot of names being mentioned. We are trying to get players in that we really know and have done a fair bit of research on.

"If we can add three or four players it should make us stronger.

"How much money have I got to spend? I don't think there's any hard and fast numbers. It's a case of me saying to David Sullivan, Karren or the chairman 'I would like to get that player, he will make us better'.

"If we can guarantee that, then I am sure we will get the backing within reason."