Blues Cash Crisis ; Yeung Pledges His Own Property to Meet Debts

Birmingham Mail › March 04, 2011

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Summary

BIRMINGHAM City owner Carson Yeung has been forced to put his own properties up as collateral for a multi-million pound loan after the club was hit by spiralling debts.

And the historic Carling Cup victory over Arsenal has only added to the problem, with a statement to the Honk Kong Stock Exchange revealing the club is facing huge expenditure in win bonuses for players, manager and other staff. A Blues spokesman said: "Birmingham International Holdings is seeking to raise capital to invest into the business."

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Blues Cash Crisis ; Yeung Pledges His Own Property to Meet Debts

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