Takeover Talk

[bluenoseghag]

Seems to be gathering momentum, good news

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[baron von bluenose]

i hear it will be sold by the end of october from a well informed source

[evergreen blue]

Good news if it's true, and it seems it could be. What's the betting it's Chinese based though.

If it does come good and has a firm and well heeled financial base. It must be done before the January window, to give us any chance for a decent season, as I can't see it at the moment. And I'm normally a none pessimist.

[hootie63]

The Mirror

Embattled Birmingham chief Carson Yeung hopes to sell the club to a Hong Kong consortium for £40million.

And he has got Gianni Paladini's Italian bid as a back-up option after the ex-QPR chairman raised his offer.

Birmingham president Yeung has to sell as his business empire in his native Hong Kong is collapsing.

He is due in court next month over money-laundering charges.

His assets have been frozen and he has been unable to pump in any cash into Championship City since relegation in 2011.

Birmingham chiefs hope to announce soon to the Hong Kong Stock Exchange a firm offer for the club.

They ideally wish to sell to a Hong Kong consortium, who are offering more money and trying to finalise their bid.

But if the proposed deal collapses, Brum will turn to Solihull-based Paladini, who still wants to buy the St Andrews outfit.

Lurking: Gianni Paladini former chairman of QPR wants to buy Birmingham City
Paladini's opening £25m offer - revealed by MirrorFootball on September 11 - was rejected but he has since returned to up it to £30m.

Yeung is holding out for £40m - half what he paid for Birmingham in 2009 and selling to new Hong Kong owners suits him better.

Paladini left the R's by mutual consent in 2011 after eight years at Loftus Road.

[hootie63]

Tom Ross ‏@thegoalzone
I understand that there is a HK company interested in buying Blues from BIHL-they are one of three consortiums left who are interested

[hootie63]

Taken Form Today's Telegraph

Former QPR chairman Gianni Paladini closing in on Birmingham City deal
Gianni Paladini, the controversial former chairman of Queens Park Rangers, is hoping to conclude a deal to buy Birmingham City within the next few days.

Back in the game: former QPR chairman Gianni Paladini with former owner Flavio Briatore
Paladini attended Birmingham’s 1-0 victory at Leeds United yesterday and was also at the midweek draw away to Millwall as talks continue over a takeover of the Championship club.
It’s understood that Paladini’s bid does, despite his denials, include Flavio Briatore, who was formerly a part-owner of QPR, and that their consortium is offering just over £15 million as an initial payment for Birmingham.
This will be supplemented by a further £20 million in investment – mainly on the squad – and another £10 million should the club return to the Premier League.
It is understood, according to sources, that the deal is “90 per cent” concluded, but Birmingham yesterday denied that any agreement was imminent.
As the deal has still to be finalised the Football League, as yet, has not been notified.

When contacted by The Sunday Telegraph yesterday, Paladini confirmed that he was interested in the club but suggested that current owner, Hong Kong businessman Carson Yeung – who is facing trial for alleged money-laundering – may be in talks with another bidder.
Under the terms of Paladini’s offer it’s understood he will take a 40 per-cent stake, with the remaining 60 per cent being acquired by Briatore.

[kevb8ll]

Be careful what you wish for guys!

[Raters]

Tom Ross ‏@thegoalzone
Gianni Paladini now waiting for a yes or no from Peter Pannu after submitting a formal offer of a deal worth 30mil

[hootie63]

Wouldn't say no to Paladini knows the area, Knows the English leagues, Knows the fans, Will have a few bob to spend and more importantly no more Chinese whispers

[Guest]

Sounds like his consortium is loaded NOT 17 million down rest in installments wtf ,we are only talking 30m

[hootie63]

Yes but would you pay £30mill outright for a club that as all sorts of problems accounts wise

[NickBCFC]

SELL SELL SELL


I just want to be interested in the Blues this season and the next. At Least Palldini seems to be keen on us, according to Tom Ross interview a month or two ago he lives in brum, his family support us etc.

May be another Craig Gardner but I just want someone new to the hairdresser

[Rob]

I am starting to think that something will come of this takeover.

I was thinking that Paladini might have been a bit of "chancer" but it seems that he may actually have an interest.

I wouldn't expect miracles and loads of money though - I'd reckon he'd want to get us into the Prem and get the club valuation closer to the £80m that CY paid.

Then I think he'll try to palm us off to one of the many Far East consortiums scrambling to get a piece of the British Premier League.

[Raters]

Sounds like his consortium is loaded NOT 17 million down rest in installments wtf ,we are only talking 30m

£17 for the club, the rest is to pay off debts. makes absolute sense to me.

[lowdham bluenose]

What's happening on the takeover front? It seems a bit quiet.

[hootie63]

Latest in the mail

The Italian consortium hoping to buy Birmingham City remain in negotiations with the club’s hierarchy.

A week after a formal offer, worth around £30 million, was lodged there is still no breakthrough one way or the other in the takeover saga.


Peter Pannu, the man heading up matters for Blues, has been scrutinising the fine details with Carson Yeung.

And although the terms of the offer have not been accepted, neither have they been dismissed out of hand.

Lawyers representing both parties are continuing to talk about the structure of the deal, it is believed.


Whether Pannu and Yeung are demanding plenty more than £30 million, proposed in instalments after a £17 million downpayment, is unclear.

Gianni Paladini, the Solihull businessman and figurehead of the Italian attempt, has kept a low profile and maintained a silence for the past fortnight.

And so far, there has been no announcement made by parent company Birmingham International Holdings Ltd to the Hong Kong Stock Exchange about the move.

Pannu, Blues acting chairman and BIHL chief, has interest from a mystery Chinese/Hong Kong consortium.

Gianni Paladini

But is understood the Italian offer is still the only one to have been put in writing.

If no agreement looks like being struck soon, the Italian group might possibly withdraw from the running.

And the longer the saga drags on, the more likely the impact on the Blues team itself.

In the last set of Blues plc accounts, no secret was made of the fact that players might have to be sold in the transfer window to keep the club operating as a viable concern.

And Yeung is due to stand trial to answer charges relating to alleged £59.7 million worth of money laundering at the end of this month.

[Rob]

It does seem to have gone alittle quiet doesn't it?

There's not anything new in that article is there Hoots?

If something isn't done soon, the offer (if one has actually been made) will be withdrawn and we could be in the poop.

Let's just hope it's sorted out soon!

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