Birmingham City in talks over club sale
October 11, 2012, Thursday
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THE company behind Birmingham City, chaired by embattled Hong Kong tycoon Carson Yeung, said it is in talks with two potential buyers of the English football club.
Discussions are still in the early stages and all parties have signed confidentiality agreements, said the club's parent company Birmingham International Holdings in a filing to the city's stock exchange on Tuesday. The latest talks come after the Hong Kong-based firm said in a statement last month that it had rejected an offer, from an unnamed party, which it deemed as "not attractive". South China Morning Post named the failed buyer as an Italian consortium led by Gianni Paladini, the former chairman of Premier League club Queens Park Rangers, which had offered 12 million pounds (US$19.2 million).
Discussions are still in the early stages and all parties have signed confidentiality agreements, said the club's parent company Birmingham International Holdings in a filing to the city's stock exchange on Tuesday. The latest talks come after the Hong Kong-based firm said in a statement last month that it had rejected an offer, from an unnamed party, which it deemed as "not attractive". South China Morning Post named the failed buyer as an Italian consortium led by Gianni Paladini, the former chairman of Premier League club Queens Park Rangers, which had offered 12 million pounds (US$19.2 million).
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