Blues trio increase stake

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

It means that between them the long-serving trio now own almost 50% of City's shares.

Sullivan splashed out £574,000 to increase his stake to 24.45% and the Golds between them have spent an additional £895,000 to increase their holding to 25.06%.

David Gold has also individually purchased an additional number of shares for £43,696.

It is another blow to the club's largest individual shareholder Carson Yeung who has attempted to have ex-Liverpool star Steve McManaman and former Crystal Palace player Fan Zhiyi voted onto the board as his representatives.

Yeung was hoping the duo would be voted on at an EGM but the club's managing director Karren Brady recommended shareholders vote against the move in a letter.

McManaman is a UK advisor for Hong Kong-based businessman Yeung who bought a 29.9% stake in Birmingham last summer.

But Yeung angered Sullivan and David Gold when his pledges to complete a takeover of the club fell through in December.

Yeung's spokesman Sammy Yu said: "With holding a 29.9% stake, we really hope to get more involved for the good of the club and the benefit of everyone."

Ironically, McManaman distanced himself on Wednesday from becoming a Blues board member, while Brady has sold her shareholding in City for £262,875.