Sunday 30 August 2009

A Betting Baron Buys Birmingham - A Flashback #

Time for a Flashback...

Timeline: 27/07/07

When the Billionaire Barber was first considering a low flat-top for Birmingham City over two years ago, we took the clippers and gave the man a No 1 all over.

And now, the sequel.
Most of what we said about the Barber still stands and all that we stated regarding ScudamoreWorld remains a plague today.
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As the takeover of the Premiership by individuals, partnerships or consortia with either previous or strategic betting market plans continues apace, today we take a look at "mysterious" Carson Yeung who this week increased his stake in Birmingham City to just under 30%.
Okay lets look at a few of the known facts about Hong Kong-based businessman Yeung.
Firstly, he allegedly made his money trading penny stocks which is simply not a feasible route to billionaire status.
Secondly, until he bought a 16.67% stake in Grandtop International Holdings, he was never on the records of the Hong Kong Stock Exchange. Indeed, Mr Invisible only really burst on to the scene in 2004 when he co-founded Greek Mythology, a Macau based casino ####################################################################
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Fourthly, how does a hairdresser create assets of over a billion pounds? Are perms particularly expensive in Hong Kong?
Fifthly, Steve Bruce is urgently seeking a meeting with Yeung and the absence of his inclusion in the takeover process to date would suggest that his days at Brum are numbered.
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Seventhly, Yeung's previous foray into ownership of a footie club was disastrous. He took over Hong Kong Rangers but his control lasted merely three games as he insisted on interfering in team selection matters.
Eighthly, the man has form even when one just chooses to judge his business activities away from the black market. In 2004, Yeung ran into trouble with the Hong Kong authorities and was prosecuted by the local financial regulator for failing to disclose his holdings in a company but was only ordered to pay a small fine.
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The lack of action by the Premiership and, to a lesser extent, the FA is a complete disgrace. These faceless individuals have the stewardship of our great game in their hands and they insist on selling the game out to the very worst of the market sector participants - ###################################################################
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Mainstream media comment? Forget it. History is only written by the victors and contemporary press is only written by the acquiescent and edited by the corrupt.
I'll leave the final word to the billionaire barber: "I don't have any politics and I only want to buy for interest because I love football". If one were to exchange the word "football" for "money", this whole sorry episode would be more logical.

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