Hong Kong businessman Carson Yeung pledged money worth 5 million pounds of his own pocket to Birmingham when he managed to take over the club. Yeung, through his company Grandtop International Holdings, it was trying to buy Birmingham. Last week, Grandtop ready to increase its ownership claim in Birmingham to 80 percent.

Grandtop has given a guarantee worth 3 million pounds and is ready to buy shares at £ 1 per sheet. This means that the total valuation of the Brummies are 80 million pounds.

"I have contacted some players. We bought this club with company money, but I am personally ready to pour 4-5 million pounds when we can get the players," Yeung said as quoted by Reuters.

"Before the transfer deadline on 1 September, I wish I could buy some good players," said businessman in the field of oil and gas.

Yeung now has 29.9 percent of the shares of Birmingham and has had trying to increase ownership in 2007, but the effort failed. When later purchased Yeung, Birmingham will be a Premiership club to 10 foreign-controlled.

Posted by sportslive at 20:06