Carson Yeung finally showed his hand last night by making an official offer for Premier League new boys Birmingham City. There had been increasing speculation that the Hong Kong businessman (who already has significant financial interest in the West Midlands club after previously securing a 29.9% stake in the club around 2 years ago) was preparing such a bid and now Yeung has made his offer official. Yeung has tabled a £1-a-share offer to City's shareholders - valuing the club at around £85.5 million. If the take over bid is successful Yeung will seek to market the club in China and the far east in an attempt to grow its fanbase and create a well known international brand. By reaching global audiences the club could potentially secure their financial future in the long term. Yeung at this stage has suggested that he would like to keep current manager Alex McLeish at the helm, but with more money surely to become available for players there will be no doubt increased pressure on the Scot to spend wisely in order to keep the Blues in the Premier League, should Mr. Yeung's takeover be finalised.
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