Yeung completes Blues shares deal

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The Barclays Premier League newcomers on Monday afternoon announced to the Stock Exchange that Yeung's company Grandtop International Holdings Limited (GHIL) had completed the purchase of 29.9% of the club's shares.

GHIL have bought the shares from directors David and Ralph Gold, David Sullivan, Karren Brady and Roger Bannister after paying a non-refundable deposit of £1.09million on June 27 in anticipation of the deal.

The deal, worth a little under £15million, means the Golds and Sullivan now each own 23.22% stakes, while Brady and Bannister also retain small holdings.

Monday's announcement confirms that talks between the club and GHIL are ongoing and could still lead to a takeover bid from Yeung.

An increase in his holding to 30% would allow Yeung to trigger a bid to assume full control.