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Birmingham chairman Gold rules out going it alone

Birmingham City chairman David Gold has ruled out going it alone at St Andrews.

Gold will consider buying back Carson Yeung's shares if the prospective takeover of the club by the Hong Kong businessman collapses in the next 48 hours.

However, he remains keen to work with co-owner David Sullivan and said: "Whilst David Sullivan remains part of this club, I would always work in tandem with him. It's my way. We've had a business relationship based on that for 30 years.

"Would I buy back some of the shares? Yes, but I would work in tandem with David. If he said to me or I said to him 'let's go into the market place and boost our share-holding'.

"We would then have the right to go up to 29.9 per cent of the shares each, giving us 59.8 per cent between us. Yes, I would want to go and do that and I would put that to him.

"What we wouldn't want to do is for David to buy some and myself none and vice versa because we've been equal partners all the way through and you wouldn't want to disturb what has worked for 30 years.

"Would that include buying back Yeung's shares? Yes, if they were available."

Gold is pessimistic about Yeung being able to raise the money and feels there is "less than a 50 per cent chance" of the takeover happening.

He said: "My judgement is no different to a lot of people on the takeover. The silence is deafening from Hong Kong. It has been the most extraordinary two or three weeks in the history of the club and my involvement with the club.

"We last spoke to Carson Yeung three weeks ago after the Wigan game and it was very brief.

"If the takeover fails, do we have contingency plans? I think we've already shown that. We are showing you that we are making a contingency on the basis that the takeover isn't going to happen.

"I'm now thinking this isn't going to happen. The takeover bid is almost an irritation that we would like cleared up. In the meantime we have got to get on with the job of running Birmingham City Football Club.

"We are thinking along the lines that we will be making the decisions regarding cash available to Alex during the January transfer window."

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