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By ESPN Staff

Gold admits Birmingham takeover in the balance

The Carson Yeung takeover of Birmingham appears to be off with both parties admitting little progress is being made.

Birmingham co-owners David Gold and David Sullivan have been adamant they will not extend the December 23 deadline they gave the Hong Kong businessman to complete the deal.

It was suggested when Alex McLeish was appointed as the club's new manager last week that developments had slowed considerably.

Gold revealed the odds on the deal taking place had 'lengthened considerably' and now Sullivan has claimed he would be happy to stay at St Andrews.

'I'd imagine we'd still be here on December 25,' he told Sky Sports.

'I'd genuinely like to stay now because we've got renewed enthusiasm and we hope all the supporters get behind the new manager.'

Former England international Steve McManaman, who has been advising Yeung, has also admitted advances have been slow.

McManaman told the Sunday Mirror: 'The takeover is rolling along, but very slowly.

'I don't think there's much chance of being done by this month's deadline. If anything it is more likely to be done in February or March from what I have heard.

'I honestly don't know whether that will be too late for David Sullivan and the Gold brothers.'