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Carson Yeung
Topic Started: Nov 8 2007, 04:27 PM (744 Views)
Bart P. Cozner
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
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
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
Trevor Francis
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Albert T
Nov 8 2007, 04:56 PM
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.

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
Joe Bradford
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lowdham bluenose
Nov 8 2007, 04:32 PM
I just wished the Golds would buy DS's stake.
Better the devil you know.

careful...grncomatose will be after ya..... :D
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ESONEULB
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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
Jose Dominguez
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Quote:
 

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.

Barry, I think he may've bought the company especially to faciltate buying the club and floated it on the Stock exchange in order to generate the extra funds needed. If this is the case then it's previous status would be irrelevant.
I should say I'm not 100% certain about this and I might be totally wrong!!!
There certainly is an air of mystery around the whole deal and Grandtop International and nobody seems able to totally get to the bottom of it all. But let's just hope it all works out in the end because at the moment CY is the only show in town.
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lowdham bluenose
Joe Bradford
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ESONEULB
Nov 8 2007, 05:23 PM

Positive note...for him to make money :banner: need to be successful.


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
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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
Joe Bradford
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lowdham bluenose
Nov 8 2007, 05:29 PM
ESONEULB
Nov 8 2007, 05:23 PM

Positive note...for him to make money  :banner: need to be successful.


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.

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
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lowdham bluenose
Nov 8 2007, 05:29 PM
ESONEULB
Nov 8 2007, 05:23 PM

Positive note...for him to make money  :banner: need to be successful.


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.

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
Joe Bradford
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proccysotv
Nov 8 2007, 05:39 PM
[

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:

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
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proccysotv
Nov 8 2007, 05:39 PM
lowdham bluenose
Nov 8 2007, 05:29 PM
ESONEULB
Nov 8 2007, 05:23 PM

Positive note...for him to make money  :banner: need to be successful.


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.

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:

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
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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
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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
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NeilM
Nov 8 2007, 06:21 PM
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.

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
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Jack Wiseman
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NeilM
Nov 8 2007, 06:21 PM
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.

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
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
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Jack Wiseman
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Barry O' Loughlin
Nov 8 2007, 04:27 PM
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......)

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
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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
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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
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
Joe Bradford
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PartisanBCFC
Nov 8 2007, 06:51 PM

And before the Bruce Brigade baiters come on I gave Mr Bruce more than ONE chance

i'm sure he's very grateful your highness..... :rolleyes: :whistle:
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TJDIXI
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jemmab1234
Nov 8 2007, 09:27 PM
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.

I've heard he's pretty keen on meeting you as well. Happy days!
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ESONEULB
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jemmab1234
Nov 8 2007, 09:27 PM
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.

How do you know that????????????????????
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