Friday 21 August 2009

West Ham boss Gianfranco Zola is edging closer to signing Bordeaux forward Marouane Chamakh and is looking to sell James Collins to push the deal through.

Stoke manager Tony Pulis is still hopeful of signing Collins but the Hammers are also waiting to see if Aston Villa are willing to bid for the 25-year-old centre-back.

The money for Collins would be used for Morocco international Chamakh, who is needed to support Carlton Cole as Zola's only senior striker.

Chamakh wants to leave his French club and earlier in the summer was on the radar of Arsenal but Arsene Wenger felt his price was too expensive for a player whose contract is running out.

Meanwhile, left-back Herita Ilunga's facial injury means he is rated as doubtful to face Tottenham on Sunday in the Barclays Premier League clash at Upton Park.

Jonathan Spector is a likely replacement but Fabio Daprela, the Switzerland Under-19 international, impressed in a behind-closed-doors practice match against Watford.

Radoslav Kovac also featured in the 2-1 win, his first appearance since signing a permanent deal with the club. Josh Payne and Zavon Hines scored the goals in the friendly.

friday, August 21, 2009

Carson Yeung

Birmingham have revealed Carson Yeung's investment company has paid a £3million deposit with a view to making an offer for the Premier League club.

Yeung's Grandtop International Holdings, which currently holds a 29.9% stake in the St Andrews club, has entered into an escrow agreement with City.

He had looked set to bid for the club two years ago but an offer failed to materialise, prompting the current owners to challenge him to prove he had the financial muscle to make a firm approach.

Grandtop have done that by placing a substantial deposit which could lead to a takeover worth around £81.5million.

A statement to the Stock Exchange said: "The board of Birmingham announces that on 20 August 2009 it entered into an escrow agreement with Grandtop International Holdings Limited, the holder of an existing 29.9% interest in the issued share capital of Birmingham.

"Under this agreement, Grandtop has put down a deposit of £3million with a view to making an offer for the entire issued share capital of the company.

"The £3million deposit is a surety for Grandtop's ability and intention to make an offer, without which the company was unable to commit resources to considering an offer."

Majority shareholders David Sullivan and David and Ralph Gold have always maintained they would not sell the club unless they were confident it was going into safe hands.

The statement added: "The irrevocables (a signed agreement for the sale of shares), if signed, will be in respect of 40,757,026 ordinary shares of 10p each in the share capital of Birmingham, representing approximately 50.0% of the existing issued share capital.

"The offer, if made, would value the entire issued share capital of Birmingham at approximately £81.5 million. It is expected that the irrevocables will be signed as soon as Grandtop indicates that it is in a position to announce a firm intention to make an Offer on the Agreed Basis."