Birmingham City co-owner David Sullivan has revealed prospective new owner Carson Yeung is "99 per cent" sure of completing his takeover by December.
"We had an amicable meeting and Mr Yeung and his people are well aware of where we stand, and what we believe needs to happen," Sullivan told the Birmingham Mail.
"When we were introducing Mr Yeung to other guests of ours in the boardroom I said he was the man '90 per cent likely' to buy the club. He said no, he was '99 per cent likely to buy the club' and smiled.
"That's what keeps on telling us, but there's still that remaining one per cent so we will just have to wait and see what happens in December. Maybe that's just the way he speaks and his manner, I don't know.
"As for Steve, nothing was going to happen because we are not allowed to alter the contract of any club employee while in a 'takeover period'.
"It never entered my head when we sold 29.9 per cent of our shares to Mr Yeung in July that you could still sign players, but not offer a contract. That's seems weird and it's a lesson learnt.
"Mr Yeung has always said he is happy with Steve, how much he loves him, and I am sure if he does get the club, then he will sit down with him them and they will sort something out."