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 Posted by ESPN Staff
Feb, 26, 2008

Birmingham co-owners increase shareholding

Birmingham City have confirmed that co-owner David Sullivan and the Gold brothers, chairman David and Ralph, have taken an increased shareholding in the club.

Sullivan spent £574,000 to increase his stake to 24.45% and the Golds between them have splashed out an additional £895,000 to increase their holding to 25.06%

David Gold also individually purchased an additional number of shares for £43,696.

It means Sullivan and the Golds, who celebrate 15 years at the helm of Blues next month, now own almost 50% of the club's shares between them.

They admit their interest in City has been reignited after looking to sell earlier this season to Hong Kong businessman Carson Yeung.

But Yeung, who failed to have Steve McManaman and Fan Zhiyi voted on to the club board at last week's EGM, is still Birmingham's leading individual shareholder with 29.9%.

Birmingham, in a statement to the Stock Exchange, reported: 'Birmingham City PLC announces that David Gold, director, on 25 February 2008, acquired 75,000 ordinary shares in the company at a price of 38 pence per share.

'On 26 February 2008, David Gold acquired 20,000 ordinary shares at a price of 37 pence per share. David Gold now holds a total of 957,372 ordinary shares representing 1.17% of the total shares in issue and Total Voting Rights ('TVR').

'In addition, David Gold is beneficially interested, together with Ralph Gold, director, in a total of 18,924,827 ordinary shares which are held by Gold FC Limited.

'Therefore David Gold is now beneficially interested in a total of 19,882,199 ordinary shares representing 24.39% of the total shares in issue and TVR. The total number of shares in issue and TVR is 81,505,000.'

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