Birmingham wait for formal takeover offer

Birmingham City expect to learn tomorrow if takeover interest is a serious prospect.

The Times says Birmingham have yet to receive a firm offer from the prospective buyer - believed to be Carson Yeung, a Hong Kong-based businessman - but are expecting to hear more details at a meeting in the city.
Representatives of the potential purchaser spent last week inspecting the accounts at St Andrew's and now want to take the talks on to the next level. Although it is understood that Yeung will not be present, his "close associates" will meet David Sullivan and David Gold, the club's co-owners, for the first time.
If a bid of about &;pound;50 million is forthcoming, Sullivan, a multimillionaire, is likely to accept. He has grown disillusioned with football and the constant travelling from his home in Essex.
Last December, Yeung tried to persuade Steve McManaman, the former Liverpool and Real Madrid player, to play for his club, Hong Kong Rangers. McManaman had to turn down the opportunity because of injury.