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Birmingham chairman Gold: Yeung has no influence

Birmingham City chairman David Gold insists Carson Yeung will have no influence on the club.

"Carson Yeung owns 29.9 per cent of the football club but, like any other shareholder, whether it's one per cent or 29.9 per cent, he's not on the board," Gold told the Birmingham Mail. "The incumbent shareholders, the major shareholders - the Golds and David Sullivan - will [continue] control the football club.

"Our [combined] percentage is somewhere around 47. We have always worked as a partnership. What we can now do, now we are released from the concert we were involved in this buyout, we can go on and buy shares from the market and build our portfolio back up ourselves.

"I suspect that we will probably aim for about 29.9 per cent each. So, between the three groups - the Golds, David Sullivan and Carson Yeung - each will hold about 90 per cent of the shares.

"But that still leaves Carson Yeung out on a limb and, really, he has got nobody else to blame but himself."

Yeung bought his shares at 61p. They are now worth around 36p. Would the Golds and Sullivan attempt to buy them back?

"We may do," said Gold. "We will discuss that in due course. We will see how the market goes. Remember, he bought them at a premium and nobody is going to purchase those shares at that same price knowing they are not going to get a place at the board."

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Tribal Football Staff

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