Blues silent on takeover rumours
Birmingham insist they cannot comment on reports the club is set to be sold for £70million to a businessman based in the Far East.
It is claimed the Blues will be under new ownership in less than three weeks but co-owner David Sullivan said: "under stock exchange rules, we cannot comment on these things.
"The club may or may not comment in response to the story next week - if we do, it will be via the stock exchange."
A report said auditors will arrive at St Andrews this week to carry out due diligence and that the club have called an emergency board meeting.
Sullivan and co-owners Ralph and David Gold were said to have agreed to sell because the buyer is paying well over the market value for the club.
Key figures in the deal were said to have signed confidentiality agreements.
© Independent Television News Limited 2007. All rights reserved.
Post to Fark
Post to del.icio.us
Digg this story
Post to reddit
Post to Facebook
Post to StumbleUpon
Seed Newsvine
Post to GNN
