Carson Yeung is now the largest shareholder in Birmingham International Holding after converting debt bonds that he held in reserve.
The former owner has converted bonds he was owed into shares in the holding company that holds Birmingham City Football Club. He has done this in the normal course of things as he would have to convert them at some point. He may have considered now as good as time as any after we revealed last week, he is likely to succeed in his case on appeal.
Yeung mustered up investment in the football club back in 2011 to the tone of £15 million. This money was from third parties, Yeung then loaned the money to the club. Eventually this money was given back to Yeung in the former of convertible bonds for shares in the company.
It seems that Yeung still is determined to either recoup more money from his footballing splash or he is eager to regain control of Blues once he runs his appeal.
There is nothing much more we can tell will happen from here, other than to sit and wait. What we do know is that Yeung must still wield a lot of influence over the club.
Ryan Yeung and Panos Pavlakis are the two UK based directors at BCFC, Peter Pannu remains on the board of both BCFC and BIHL. Has anything changed? It just seems that there is a bit of money for Mr Pavlakis to work with, but the ownership will remain.
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