Yeung’s Birmingham takeover confirmed

Hong Kong tycoon Carson Yeung’s takeover of Premier League club Birmingham has been rubber-stamped by the stock exchange.

Yeung took charge at St Andrews last month and Wednesday’s announcement that shares in the holding company have been taken off the stock market was a formality confirming Birmingham’s new status as a private business.

A statement from the City read: “In line with the notification of the company’s delisting that was made on 14 October 2009, the Company is delisted so that its shares are no longer admitted to trading on AIM.”

The statement also confirmed Yeung, Vico Hui and Michael Wiseman as the sole directors of the company and club boards.

Yeung has pledged to invest around 40 millon pounds to help boss Alex McLeish keep Birmingham, currently 15th in the table, in the English top-flight after last season’s promotion.