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SBD Global/February 13, 2014/Franchises
Franchise Notes: Birmingham City Owners Plan To Sell 12% To Beijing Advertising Firm
Published February 13, 2014
The Hong Kong owners of League Championship side Birmingham City Football Club said that they plan to sell 12% of the club to a Beijing advertising firm for HK$45M ($5.8M) "to bring it new business opportunities in China." The sale by Birmingham Int'l Holdings Ltd. comes as that company's shareholder and former Chair Carson Yeung "awaits the outcome of a money laundering court case against him in Hong Kong." He "denies all the charges" (REUTERS, 2/12). ... Scottish Premiership Kilmarnock fans on Wednesday "launched the latest bid to oust Michael Johnston after asking the under-fire Rugby Park chairman to name his price." The group has written to Johnston stating its intentions "to buy the club" -- if the chairman succeeds in his plans to wipe out Kilmarnock's £9M ($15M) debts (Scotland DAILY RECORD, 2/13).