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Page last updated at 10:34 GMT, Saturday, 10 October 2009 11:34 UK

Chairman Gold to leave Birmingham

David Gold
Gold believes more clubs will come under foreign ownership

Birmingham City chairman David Gold is to leave the club after rejecting an offer to become vice-chairman.

Gold had hoped to stop on as chairman following Hong Kong billionaire Carson Yeung's takeover at St Andrew's.

But Vico Hui, chief executive of Yeung's Grandtop International company, is now expected to become chairman.

Gold, who took control along with David Sullivan in 1993, has been Blues chairman for 12 years since taking over from Jack Wiseman in 1997.

Sullivan, managing director Karren Brady and Gold's brother Ralph have all also left the club following Yeung's takeover.

Yeung's representative, Peter Pannu, told the Birmingham Mail: "We have a lot of respect for David Gold and the excellent job he has done for the football club.

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"Unfortunately we couldn't offer him the position of chairman which is what he wanted. Vico Hui is to come in as chairman.

"Regrettably our offer to David Gold to become a vice-president has been turned down so we were not able to come to a suitable agreement."

Grandtop International currently controls more than 90% of the club's shares and is expected to complete a compulsory purchase of the remainder, allowing the club to be moved off the Alternative Investment Market and into private ownership.



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see also
McLeish excited by Blues takeover
06 Oct 09 |  Birmingham
Sullivan plays down West Ham move
06 Oct 09 |  Birmingham
Premier League approval for Yeung
25 Sep 09 |  Birmingham
Top flight to tighten owner test
12 May 09 |  Premier League
Exit looms for Sullivan & Brady
16 Sep 09 |  Birmingham
Hong Kong bid for Birmingham City
21 Aug 09 |  Business
Yeung puts deposit on Birmingham
20 Aug 09 |  Business
Yeung in Birmingham takeover bid
12 Aug 09 |  Birmingham
McLeish pleads for more signings
14 Aug 09 |  Birmingham
Blues budget all spent - McLeish
20 Aug 09 |  Birmingham


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