Seems that he sold shares in the club to raise money.
So its down to who the other shareholders are and are they prepared to finance the club to protect their investment.
But nothing is really know about and of them, and they have remained silent in the back ground so may have no interest in the running of the club, there interest is purely in the investment.
So its like if you had shares in Cadbury, you wont really want to know if they are making a new chocolate bar, you wont want/have any input into what new chocolate bar to make. You will not have anything to do with the running of the company or be expected to invest more money into the company.
You would simply own a % of shares thats all.
And thats what maybe the other 71% shares are.
A lot now depends on how stubborn Yeung is to keep hold of the club, as i may be best for him to look at selling up his shares to someone else.
Before the banks take over it, or before the share holders are left with the club and what to do. The largest of those other share holders seems to be Pollyanna Chui and she again seems to have nothing really to do with the running of BIH.
She and other shareholders would maybe face the prospect of having to sell their shares to other buyers if any will come.
Does sound a lot like Portsmouth MK2 if that article is accurate.
The KiD
I did post this on the no players want to leave thread but as this is now the current one here it is again
#Good morning banjokid how sure is anyone that BIHL and CY finances are bound together. What I mean is it is known that Yeoungs assets are or will be frozen and does that include the company of BIHL. If that gets frozen too as the parent company of blues that would put us in the same position as Portsmouth a couple of years ago. Look what happened to them.
Another question to anyone who can provide an answer. If the assets are frozen including BIHL can an invester come along and still buy the club fromCY. Or are we basically a closed shop until his situation is sorted out by the HK courts.#
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I think it was clear from the offset that Yeung would have his assets frozen at some point in time, if it happens soon I guess we may have no money to strengthen the squad.
Unless, of course, whoever owns the other 71% decides to chip in.
It would be of no benifit to them if Blues went bust... 71% of 80 odd M is a lot to lose.
Lets hope they realise that...
Basically I think it just means Yeung can't take any money out or out any in the club. He can't sell any of his shares or buy more. This shouldn't affect us signing players and selling them but obviously it's not ideal.
Basically the whole thing has turned into a shambles. Somethings clearly not right and I think there is still alot more to come out what we haven't heard yet. Feel sorry for Hughton because I don't think he stands a chance of getting us back up with the financies like this.
Thats the thing we may never know.
I would assume that if Yeungs assets are frozen then that also means he can not make money/sell his shares at that time.
I dont think it applies to the other shares, so if some would be investor wants to purchase 50% of the company all they would need to do is get Yeung to aprove such action and then a investor could buy 50% of the shares (but not Yeungs) so as that potentiall it could look like this.
Yeung 29%
Investor 50%
Share Holders 21%
In the above scenerio this would be investor would be able to buy a majority of BIH become the majority share holder and then run the company.
This would need Yeungs aproval, then at a latter date Yeung could sell his share or if the HK Banks/Goverment seize Yeung share they can then sell that on to the wouldbe investor.
Off course no other investor is going to buy us, well not yet so above is only a example of how we could come out of a sticky mess.
At the moment Yeung owns the club even though he has only 29% shares he is the one decides what goes on, so while his assests and cash are frozen and while the oter share holders remain silent/not involved in the running of the club. We are in a very awkard predicament indeed.
The KiD
Comment deleted by Site Moderator
Apologies if already posted on other thread but provided link from mercury as more info from this one... KRO
Yeung has 23% shares because he sold 6% to raise funds to keep BIH afloat.
His assets are not yet frozen but it is highly possible they will be in the near future.
Our club would still be able to operate but with 23% of possible investment missing.
Or even for every pound put into the club, potentially only 77p is available.
The Kid has nailed it. An investor could buy shares from other shareholders if they want to sell.
Whether Yeung has control of his shares or is simply a face to BHI would not matter because anyone could still purchase from other members.
What is interesting however is this scenario. Mr X buys 24% and becomes the major shareholder and takes over as chairman.
Yeung is later found not guilty and his assets are de-iced.
We could have a power struggle similar to the Emirates.
It is purely conjecture but a rather nice thought all the same.
That Power Struggle could happen your correct.
You see that could also be why Yeung may not agree or give permision to other share holders to sell, surely if some would be investor say MR X wants to buy shares although Yeung cant sell him his shares, Yeung could have a big say in any potential take over or sale of shares.
Unless Yeungs shares are forced to fall into the HK Banks hands or if the FA are allowed to overule what Yeung wants, due to the best interest of the club.
Yeungs pride will be on the line, does he allow investor to come in who would be able to run the club, or does Yeung still want to be the only/main man running the ship even though he could potentially be incapacitated in that manner to run us both in person and financially.
The latter could see our club get dragged even further in the brown stuff.
Does Yeung do whats the best for the club, or does he do whats best for himself.
The KiD
I hear what you are saying Yeung owned the club 100% which is now suddenly only 23% MYSTERY dissaperanceof 77% of ownership whether itsin BIH or in other names outside BIH is still a mystery. Time will always tell nd the truth will come out but BS maybe the case for us fans.
KRO
i thought majority shareholder (s) have final say as Yeung only as 23% shareholder maybe buy out by Pollyanna is a sensible option avoiding points deduction such as Portsmouth had is my only concern .KRO
Thats the deal Yeungs owns say 23% the other 77% is shares sold to various people/companies and from what we can gather they have no input into how the club is ran and we do not know if any of those share holders are actually interested in running the club or investing if Yeung is incapacitated due to the on going HK/Fraud case.
We know so little about the holding company BIH, and we do not even know who these other share holders are or if they are again all part of Yeung and maybe more ways of doing dodgy dealings etc.
Yet the only thing that comes out is ALL IS FINE, FINANCES ARE NOT A PROBLEM and YEUNGS CASE IS NOT TIED TO BIH!
But no answer to who is funding us then or how (if Yeung is unable to do so).
Too much Silence and JK's worries seem to had been spot on all along
The KiD
Banjo Kid,
Very agreed on one thing the silence on this is deafening only weeks away from new season.
More info who is running us and if we are solvent or not, Mr Pannu please.
KRO
Seems Yeung always kept a lot of what he did in China even stuff regarding us very queit and comunication with Yeung seemed never to be easy or very good.
Maybe Panu does not know the full ins and outs of everything regarding Yeung.
Its time for Yeung to stand up and be counted, and if he cant run the club propperly or lacks funds, then he needs to sell us on to someone who can, even if we became a stable Championship club under new owners but no more, at least some new owners where we know where we stand.
I dont have no confidence that Yeung can maintain this club and run it, and the longer we are out of the Prem the more chances we have of going into trouble.
Thats why i think the potential is there for the club to go backwards to like before Sully and Gold Era, rather than progress after Sully and Gold era as we thought once Yeung came in and brought the club.
Expectations was high, Reality may be something a few of us feared.
The KiD
As previously mentiones there's 71% of 80 miilion quid out there,or about 57 million!
It's in the remaining shareholder's interests to make sure the club gets back up into the Premier League to maximise revenue and income streams.
In my opinion the best case scenario now is that they step in and take over the club,Yueng is bought out and thrown out on his ear to deal with his various court cases,he's obviously more slippery than an eel covered in grease and suntan lotion!
It looks like it's definitely time for those shareholder's in the background to step up to the plate now and protect there considerable investment.
So,out of the shadows and into the spotlight,please step forward new owners of Birmingham City!
So barca maybe we could see what happened at Man City with Shinawatra
Ok we cant expect Saudi Arabian Billionares...
But in China there must be some rich businessmen who had in past considered buying into a Football Club
Li Ka Shing was rumoured before to had been interested in Everton but nothing came of it.
Maybe some of the foundations Yeung started to lay for Blues could be a project a new owner could take over, Yeungs plans was ambitious and had potential.
We got Shirt Manufacturer in Xtep, next step was Chinese Sponsors, Yeung had many plans, but sadly i doubt he had the financial clout to make them a reality.
Some other Chinese Business men such as Li Ka Shing if they are still considering a dable in Football could see us maybe as the first Chinese owned Club as maybe a ideal club to take over, as some work has already been done in trying to increase contacts and deals within China already.
But thats just maybe a pipe dream, there is no way to tell if someone will buy any shares of if they would have money at the moment we are in a precarious position and we dont know what the future holds.
Only thing that seems certain is that Yeung himself does not have the experience or finances himself to undertake the task that he took on when he took over us.
Bottom line he bite off more than he can chew.
The KiD
... or maybe he bit off more than he could chu...
Transparency is the major factor here. I think there are possibly hundreds of investors with an interest in blues. This is why its hard for the board to say who owns what. I know there are one or two very large percentage holders apart from CY but the rest could be made up of bank managers -judges -hairdressers -rice pickers and god knows who else.
I suppose time will tell and fingers crossed someone will step in and buy the club. Some proper rich bloke who can show and prove he is rich.
The first thing we neeed to do is get Yeung totally disconnected from our club, president or not. investor or not he is as crooked as they come, regardless of court findings on August the 11th.
This could bring outside investment into the club or even our magority shareholders may invest but either way I want Yeung to leave the club alone.
He is no good
KRO
We have to start making people feel welcome at this club if we are ever to get a decent backer.
Agreed Taity,
This Yeung bloke will never learn from his past mistakes.
He has stumbled from one crises to another since he stopped snipping barnets.
The sooner he packs his bags the better.
As HH says, we need the club to show who the owners really are and where/how did they amass their fortune.
KRO
I think it says , he may have his assets frozen,
kro.
Well that looks like the case
Its bad enough being relegated and having to ballance the books.
When the clubs owner cant not spent any money regardless of how much or little he has, or how much or less he would spend.
That means the club have to run on its income, and untill the season starts thats no Gates, not much Merchandise.
Parachutes and Sponsor deals may be paid monthly and not up front, i.e i dont think we get the £15M Parachutes in one lump sum.
We do not have a Shirt Sponsor....
Only real source of income is the Season Tickets Sold.
So with no cash flow from Yeung/most likely BIH, that means players would be sold to give us cash flow.
The KiD
I'm not sure if the 'assets being frozen' thing is as straightforward as being portrayed?
If assets are frozen then that surely affects out-goings too and so if we are free to sell RJ etc then surely we are free to buy too? On the other hand if everything is truly frozen then we cannot move things forward either way.
If that logic is correct [it may not be!] then our position is not changed; either CH has some money to spend or he doesn't.
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Yeung Assets Frozen
Page 1 of 2
posted on 10/7/11
Seems that he sold shares in the club to raise money.
So its down to who the other shareholders are and are they prepared to finance the club to protect their investment.
But nothing is really know about and of them, and they have remained silent in the back ground so may have no interest in the running of the club, there interest is purely in the investment.
So its like if you had shares in Cadbury, you wont really want to know if they are making a new chocolate bar, you wont want/have any input into what new chocolate bar to make. You will not have anything to do with the running of the company or be expected to invest more money into the company.
You would simply own a % of shares thats all.
And thats what maybe the other 71% shares are.
A lot now depends on how stubborn Yeung is to keep hold of the club, as i may be best for him to look at selling up his shares to someone else.
Before the banks take over it, or before the share holders are left with the club and what to do. The largest of those other share holders seems to be Pollyanna Chui and she again seems to have nothing really to do with the running of BIH.
She and other shareholders would maybe face the prospect of having to sell their shares to other buyers if any will come.
Does sound a lot like Portsmouth MK2 if that article is accurate.
The KiD
posted on 10/7/11
I did post this on the no players want to leave thread but as this is now the current one here it is again
#Good morning banjokid how sure is anyone that BIHL and CY finances are bound together. What I mean is it is known that Yeoungs assets are or will be frozen and does that include the company of BIHL. If that gets frozen too as the parent company of blues that would put us in the same position as Portsmouth a couple of years ago. Look what happened to them.
Another question to anyone who can provide an answer. If the assets are frozen including BIHL can an invester come along and still buy the club fromCY. Or are we basically a closed shop until his situation is sorted out by the HK courts.#
Add Comment | Complain about this Comment
posted on 10/7/11
I think it was clear from the offset that Yeung would have his assets frozen at some point in time, if it happens soon I guess we may have no money to strengthen the squad.
Unless, of course, whoever owns the other 71% decides to chip in.
It would be of no benifit to them if Blues went bust... 71% of 80 odd M is a lot to lose.
Lets hope they realise that...
posted on 10/7/11
Basically I think it just means Yeung can't take any money out or out any in the club. He can't sell any of his shares or buy more. This shouldn't affect us signing players and selling them but obviously it's not ideal.
Basically the whole thing has turned into a shambles. Somethings clearly not right and I think there is still alot more to come out what we haven't heard yet. Feel sorry for Hughton because I don't think he stands a chance of getting us back up with the financies like this.
posted on 10/7/11
Thats the thing we may never know.
I would assume that if Yeungs assets are frozen then that also means he can not make money/sell his shares at that time.
I dont think it applies to the other shares, so if some would be investor wants to purchase 50% of the company all they would need to do is get Yeung to aprove such action and then a investor could buy 50% of the shares (but not Yeungs) so as that potentiall it could look like this.
Yeung 29%
Investor 50%
Share Holders 21%
In the above scenerio this would be investor would be able to buy a majority of BIH become the majority share holder and then run the company.
This would need Yeungs aproval, then at a latter date Yeung could sell his share or if the HK Banks/Goverment seize Yeung share they can then sell that on to the wouldbe investor.
Off course no other investor is going to buy us, well not yet so above is only a example of how we could come out of a sticky mess.
At the moment Yeung owns the club even though he has only 29% shares he is the one decides what goes on, so while his assests and cash are frozen and while the oter share holders remain silent/not involved in the running of the club. We are in a very awkard predicament indeed.
The KiD
posted on 10/7/11
Comment deleted by Site Moderator
posted on 10/7/11
Apologies if already posted on other thread but provided link from mercury as more info from this one... KRO
posted on 10/7/11
Yeung has 23% shares because he sold 6% to raise funds to keep BIH afloat.
His assets are not yet frozen but it is highly possible they will be in the near future.
Our club would still be able to operate but with 23% of possible investment missing.
Or even for every pound put into the club, potentially only 77p is available.
The Kid has nailed it. An investor could buy shares from other shareholders if they want to sell.
Whether Yeung has control of his shares or is simply a face to BHI would not matter because anyone could still purchase from other members.
What is interesting however is this scenario. Mr X buys 24% and becomes the major shareholder and takes over as chairman.
Yeung is later found not guilty and his assets are de-iced.
We could have a power struggle similar to the Emirates.
It is purely conjecture but a rather nice thought all the same.
posted on 10/7/11
That Power Struggle could happen your correct.
You see that could also be why Yeung may not agree or give permision to other share holders to sell, surely if some would be investor say MR X wants to buy shares although Yeung cant sell him his shares, Yeung could have a big say in any potential take over or sale of shares.
Unless Yeungs shares are forced to fall into the HK Banks hands or if the FA are allowed to overule what Yeung wants, due to the best interest of the club.
Yeungs pride will be on the line, does he allow investor to come in who would be able to run the club, or does Yeung still want to be the only/main man running the ship even though he could potentially be incapacitated in that manner to run us both in person and financially.
The latter could see our club get dragged even further in the brown stuff.
Does Yeung do whats the best for the club, or does he do whats best for himself.
The KiD
posted on 10/7/11
I hear what you are saying Yeung owned the club 100% which is now suddenly only 23% MYSTERY dissaperanceof 77% of ownership whether itsin BIH or in other names outside BIH is still a mystery. Time will always tell nd the truth will come out but BS maybe the case for us fans.
KRO
posted on 10/7/11
i thought majority shareholder (s) have final say as Yeung only as 23% shareholder maybe buy out by Pollyanna is a sensible option avoiding points deduction such as Portsmouth had is my only concern .KRO
posted on 10/7/11
Thats the deal Yeungs owns say 23% the other 77% is shares sold to various people/companies and from what we can gather they have no input into how the club is ran and we do not know if any of those share holders are actually interested in running the club or investing if Yeung is incapacitated due to the on going HK/Fraud case.
We know so little about the holding company BIH, and we do not even know who these other share holders are or if they are again all part of Yeung and maybe more ways of doing dodgy dealings etc.
Yet the only thing that comes out is ALL IS FINE, FINANCES ARE NOT A PROBLEM and YEUNGS CASE IS NOT TIED TO BIH!
But no answer to who is funding us then or how (if Yeung is unable to do so).
Too much Silence and JK's worries seem to had been spot on all along
The KiD
posted on 10/7/11
Banjo Kid,
Very agreed on one thing the silence on this is deafening only weeks away from new season.
More info who is running us and if we are solvent or not, Mr Pannu please.
KRO
posted on 10/7/11
Seems Yeung always kept a lot of what he did in China even stuff regarding us very queit and comunication with Yeung seemed never to be easy or very good.
Maybe Panu does not know the full ins and outs of everything regarding Yeung.
Its time for Yeung to stand up and be counted, and if he cant run the club propperly or lacks funds, then he needs to sell us on to someone who can, even if we became a stable Championship club under new owners but no more, at least some new owners where we know where we stand.
I dont have no confidence that Yeung can maintain this club and run it, and the longer we are out of the Prem the more chances we have of going into trouble.
Thats why i think the potential is there for the club to go backwards to like before Sully and Gold Era, rather than progress after Sully and Gold era as we thought once Yeung came in and brought the club.
Expectations was high, Reality may be something a few of us feared.
The KiD
posted on 10/7/11
As previously mentiones there's 71% of 80 miilion quid out there,or about 57 million!
It's in the remaining shareholder's interests to make sure the club gets back up into the Premier League to maximise revenue and income streams.
In my opinion the best case scenario now is that they step in and take over the club,Yueng is bought out and thrown out on his ear to deal with his various court cases,he's obviously more slippery than an eel covered in grease and suntan lotion!
It looks like it's definitely time for those shareholder's in the background to step up to the plate now and protect there considerable investment.
So,out of the shadows and into the spotlight,please step forward new owners of Birmingham City!
posted on 10/7/11
*mentioned!
posted on 10/7/11
So barca maybe we could see what happened at Man City with Shinawatra
Ok we cant expect Saudi Arabian Billionares...
But in China there must be some rich businessmen who had in past considered buying into a Football Club
Li Ka Shing was rumoured before to had been interested in Everton but nothing came of it.
Maybe some of the foundations Yeung started to lay for Blues could be a project a new owner could take over, Yeungs plans was ambitious and had potential.
We got Shirt Manufacturer in Xtep, next step was Chinese Sponsors, Yeung had many plans, but sadly i doubt he had the financial clout to make them a reality.
Some other Chinese Business men such as Li Ka Shing if they are still considering a dable in Football could see us maybe as the first Chinese owned Club as maybe a ideal club to take over, as some work has already been done in trying to increase contacts and deals within China already.
But thats just maybe a pipe dream, there is no way to tell if someone will buy any shares of if they would have money at the moment we are in a precarious position and we dont know what the future holds.
Only thing that seems certain is that Yeung himself does not have the experience or finances himself to undertake the task that he took on when he took over us.
Bottom line he bite off more than he can chew.
The KiD
posted on 10/7/11
... or maybe he bit off more than he could chu...
posted on 10/7/11
Transparency is the major factor here. I think there are possibly hundreds of investors with an interest in blues. This is why its hard for the board to say who owns what. I know there are one or two very large percentage holders apart from CY but the rest could be made up of bank managers -judges -hairdressers -rice pickers and god knows who else.
I suppose time will tell and fingers crossed someone will step in and buy the club. Some proper rich bloke who can show and prove he is rich.
posted on 10/7/11
The first thing we neeed to do is get Yeung totally disconnected from our club, president or not. investor or not he is as crooked as they come, regardless of court findings on August the 11th.
This could bring outside investment into the club or even our magority shareholders may invest but either way I want Yeung to leave the club alone.
He is no good
KRO
posted on 11/7/11
We have to start making people feel welcome at this club if we are ever to get a decent backer.
posted on 11/7/11
Agreed Taity,
This Yeung bloke will never learn from his past mistakes.
He has stumbled from one crises to another since he stopped snipping barnets.
The sooner he packs his bags the better.
As HH says, we need the club to show who the owners really are and where/how did they amass their fortune.
KRO
posted on 11/7/11
I think it says , he may have his assets frozen,
kro.
posted on 11/7/11
Well that looks like the case
Its bad enough being relegated and having to ballance the books.
When the clubs owner cant not spent any money regardless of how much or little he has, or how much or less he would spend.
That means the club have to run on its income, and untill the season starts thats no Gates, not much Merchandise.
Parachutes and Sponsor deals may be paid monthly and not up front, i.e i dont think we get the £15M Parachutes in one lump sum.
We do not have a Shirt Sponsor....
Only real source of income is the Season Tickets Sold.
So with no cash flow from Yeung/most likely BIH, that means players would be sold to give us cash flow.
The KiD
posted on 11/7/11
I'm not sure if the 'assets being frozen' thing is as straightforward as being portrayed?
If assets are frozen then that surely affects out-goings too and so if we are free to sell RJ etc then surely we are free to buy too? On the other hand if everything is truly frozen then we cannot move things forward either way.
If that logic is correct [it may not be!] then our position is not changed; either CH has some money to spend or he doesn't.
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