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| Carson Yeung | |
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| Tweet Topic Started: Nov 8 2007, 04:27 PM (741 Views) | |
| Bart P. Cozner | Nov 8 2007, 04:27 PM Post #1 |
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Trevor Francis
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Any readers of FourFourTwo out there? In the latest issue, they have printed their annual report on the 100 richest people in English (British?) football. Carson Yeung is shown at 62nd, with an estimated wealth of £50 million. In the course of the feature it says, " ....it's difficult to verify the claim made in some papers that Yeung is a billionaire. To confuse matters further there is another Carson Yeung who is worth in excess of £3 billion, but he is not the one who owns the Blues stake." What interests me is, if his wealth is estimated at £50 million, how the billionaire story ever came to light in the first place, unless, of course, he was being confused with his much wealthier namesake. The article also mentions that "Birmingham City themselves seem to be unsure of how rich Yeung is." I'm just wondering is he actually in a position to afford a total take-over? BTW, this is not intended to be a Yeung-baiting session, just airing my thoughts (I don't get too many of them......) |
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| lowdham bluenose | Nov 8 2007, 04:32 PM Post #2 |
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Joe Bradford
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I just wished the Golds would buy DS's stake. Better the devil you know. |
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| Albert T | Nov 8 2007, 04:56 PM Post #3 |
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Jose Dominguez
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I don't think Yeung himself is wealthy enough to buy the club personally, which is why he formed Grandthorp and then floated them on the Hong Kong stock exchange in order to finance the deal. Whether or not he's been successful in this is where the mystery lies, though as DS has gone quiet on the whole matter since CY came over for the Wigan game persumably he received some assurances that it is still on track. Only time will tell. On the point about the Golds buying out Sullivan. That might be the perfect solution but as they've had ample opportunity over the years to do so and haven't, owning the club outright obvisously doesn't appeal to them, so I think it's a non-starter. |
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| Bart P. Cozner | Nov 8 2007, 05:03 PM Post #4 |
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Trevor Francis
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Hello Albert. According to 442, "Grandtop International, the quoted Hong Kong clothing company through which he bought his Birmingham stake, is a tiny operation with just 30 employees and an annual turnover of just £4 million". Of course, size of turnover has nothing to do with the size of the reserves it may posess..... |
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| proccy_blues | Nov 8 2007, 05:21 PM Post #5 |
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Joe Bradford
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careful...grncomatose will be after ya..... :D |
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| ESONEULB | Nov 8 2007, 05:23 PM Post #6 |
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Bluenose Ad Vitam = Bluenose For Life
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I don't think we are getting a sugar daddy..... :silence: He is buying a business to make money. Positive note...for him to make money :banner: need to be successful. :Blues: |
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| Albert T | Nov 8 2007, 05:26 PM Post #7 |
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Jose Dominguez
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| lowdham bluenose | Nov 8 2007, 05:29 PM Post #8 |
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Joe Bradford
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Negative Note - if he makes a loss ..... we are f@$@$d As I said, better the devil you know ... or a devil who is transparent with his business record. |
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| 1LoveridgeC | Nov 8 2007, 05:38 PM Post #9 |
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Malcom Page
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I become less convinced by the day. £50M is that actually enough to really run a prem football club? |
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| proccy_blues | Nov 8 2007, 05:39 PM Post #10 |
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Joe Bradford
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the one positive if it goes t1ts up is if he keeps dg and brady on - they will attempt to ensure the business that is bcfc stays solvent. all this specualtion is a bad thing though, and when i suggested a few weeks ago he could do worse than just merely outlining his vision i was shouted down....i still say, it wouldn't be contravening stock-market rules to give the fans a 'heads-up' over where the takeover is at now, when he expexts to complete, what his vision is and approximately how much he'd be prepared to donate towards future player purchases... this in no way would contravene anything as he's already majority shareholder, his silence is annoying and baffling, but is not necessarily detrimental in the long term i hope.... :unsure: |
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| ESONEULB | Nov 8 2007, 05:56 PM Post #11 |
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Bluenose Ad Vitam = Bluenose For Life
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I know it could all go tits up. I would always go for the Devil we know but sometimes you have to take a risk to move on. It's not our choice so we have to go with the flow. I would of been more scared if it was the Guy who took over Man City. Even though he did bring in a good manager at club level.He was not that bad at country level as well. Tin Hat on.. :unsure: There is nothing we can do except support the club and hope we are going to be in safe hands. I no the negatives but i always try to look on the positive side of things. :Blues: |
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| lowdham bluenose | Nov 8 2007, 05:56 PM Post #12 |
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Joe Bradford
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He can't give us the info, because he doesn't know himself. Buying Grandtop and floating it to generate the cash means the amount he has or will have is unknown. It's all so murky. Dan Snyder, multi billionaire owner of the Washington Redskins, would be a better bet. He has made it known he is interested in the Premieship...... and we can see the colour of his money. |
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| ESONEULB | Nov 8 2007, 06:00 PM Post #13 |
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Bluenose Ad Vitam = Bluenose For Life
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That's the problem we just don't know enough about him and his vision. 12 months from now we will be happy or down in the dumps we will have to wait and see. :Blues: i will always be here even though it is just in spirit at the moment. |
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| TJDIXI | Nov 8 2007, 06:02 PM Post #14 |
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Trevor Francis
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A thread based on a football magazine that admits taht it does not know for sure if its right or wrong in what i believes. CY i'm sure will be hung drawn and quatered in this thread. A little knowledge is a very dangerous thing. |
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| NeilM | Nov 8 2007, 06:21 PM Post #15 |
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Frank Worthington
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We all know Grandtop is a takeover vehicle, he is using it to build a multi-discipline company, Grandtop are originally a small clothes manufacturer, they have brought 2 restaurant chains in China, then there is Blues, where else they go is anyones guess. Also ex-crystal palace and China player Fang Zhi has joined the board. How much Yeung is worth? I really don't think we will ever know due to the type of investment he is involved in in the Far-East. |
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| ESONEULB | Nov 8 2007, 06:26 PM Post #16 |
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Bluenose Ad Vitam = Bluenose For Life
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This could turn out to be the best thing to happen to :banner: This could be the worst thing to happen to :banner: Take a guess at the above because that is all we can do for now. :Blues: |
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| PartisanBCFC | Nov 8 2007, 06:27 PM Post #17 |
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Jack Wiseman
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Yeung made most of his fortune from small stock trading and also owning some electric and gas companies He once made 895 million US dollars (roughly 450 million pounds) in one trade ...well,that's what I read anyway |
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| samuk | Nov 8 2007, 06:38 PM Post #18 |
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Geoff Horsfield
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how can he only be worth £50m if he sold his casino for £700m and owns shares/part of a gas and electric company in china. ahwell only time will tell |
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| PartisanBCFC | Nov 8 2007, 06:51 PM Post #19 |
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Jack Wiseman
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50 million is NOT his wealth ,mate That's how much cash he needs to buy the full controlling interest in BCFC...he has already paid 15 million and the balance is due by December 20th He is being secretive about his intentions until he gains FULL control and he stated this 2 weeks ago after the Wigan game and the meetings with the board and Bruce etc etc if I'm not mistaken For that I admire him...........give the man a chance FCS And before the Bruce Brigade baiters come on I gave Mr Bruce more than ONE chance,in fact several and it's still my general opinion that we will not go forward or make progress with him as 1st team manager Just my own opinion of course and NO I am not a Viler :banghead: |
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| Letsby Avenue | Nov 8 2007, 07:06 PM Post #20 |
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Paul Tait
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4-4-2 is a mag that has a long deadline - its not a newspaper nor a weekly - like many other mags, they prepare the bulk of their stuff over weeks if not months. Their World results, if you read them are always about 5-6 weeks out of date. My point is that the info they published, was the same info we had before the Wigan match, and Sullivan's and Bruce's sudden, subsequent silence. And how much of Sullivan's and Gold's private fortune is spent on Blues. bu**er all I'd say. Blues, thanks to those geezers, is a profitable and well run business that is basically self-financing. Perfect business model.Perfect take-over fodder, especially if you have the contacts and whererwithal to open new markets. No great problem Barry - imo- an out of date story (not their fault, just the way they operate). Old comments from Sullivan - who takes him seriously anymore? And Grandtop, with its two non-executive footballers on board, seems an ideal set up to run a stable and potentially lucrative club. **thumbup |
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| mr penguin | Nov 8 2007, 09:20 PM Post #21 |
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Sponsored by Flybe.com
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Having an owner worth £30000000000000000000000000000 million billion isn't any use if they won't invest any of it in the club you'd have thought we'd have learnt that by now |
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| jemmab1234 | Nov 8 2007, 09:27 PM Post #22 |
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Peter Enckelman
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Yeung is a joker who doesn't have a clue what it takes to run a championship club never mind one hoping to stay in the premiership. He will take us back to the bad old days of the Kumars. Sullivan and Golds don't give a toss though as they just want to pocket there money and f off. |
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| proccy_blues | Nov 8 2007, 09:45 PM Post #23 |
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Joe Bradford
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i'm sure he's very grateful your highness..... :rolleyes: :whistle: |
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| TJDIXI | Nov 8 2007, 09:48 PM Post #24 |
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Trevor Francis
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I've heard he's pretty keen on meeting you as well. Happy days! |
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| ESONEULB | Nov 9 2007, 01:28 AM Post #25 |
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Bluenose Ad Vitam = Bluenose For Life
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How do you know that???????????????????? |
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