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Gold ready to buy back

Gold ready to buy back

28 November 2007 - 23:45

Birmingham chairman David Gold will consider buying back Carson Yeung's shares if the prospective deal falls through within the next 48 hours. Yeung has until Friday to convince board members he has the money to pay for the takeover.

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  • Gold said: "Whilst David Sullivan remains part of this club, I would always work in tandem with him. It's my way. We've had a business relationship based on that for 30 years.



    "Would I buy back some of the shares? Yes, but I would work in tandem with David. If he said to me or I said to him 'let's go into the market place and boost our share-holding'. We would then have the right to go up to 29.9 percent of the shares each, giving us 59.8 percent between us. Yes, I would want to go and do that and I would put that to him.



    "What we wouldn't want to do is for David to buy some and myself none and vice versa because we've been equal partners all the way through and you wouldn't want to disturb what has worked for 30 years. Would that include buying back Yeung's shares? Yes, if they were available."


    Written by majicka










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