Plans by Carson Yeung to install two new directors to the Board of Birmingham City have been condemned by the club's managing director Karren Brady.
Yeung and his company Grandtop International Holdings Ltd own 29.9 per cent of the club's shares after purchasing them for £15 million last autumn.
The Hong Kong businessman has called for a shareholders' general meeting on February 20 in a bid to have Steve McManaman and Fan Zhi Yi voted in as directors. Both men are former professional footballers, McManaman having played for Liverpool and Real Madrid, Fan a former captain of the Chinese national team.
Yeung had purchased the shares as the first phase of a proposed takeover of the Barclays Premier League club, but failed to produce the £35 million required to buy the remaining shares from club owners David Sullivan and the Gold brothers, David and Ralph, before the set deadline last December.
Now Brady, Sullivan and the Golds have called on the club's shareholders to block the move and questioned McManaman's and Fan's abilities to act as directors.
Brady said: "The board has recently received notices from Grandtop International Holdings Ltd requiring resolutions to put a general meeting of the company to appoint two additional directors.
"These notices were served under section 303 of the Companies Act 2006 and we are legally obliged to put these resolutions to the shareholders, even though we do not support them nor do we believe that the proposed appointments are in the best interests of the company.
"While we recognise that both the proposed appointees have enjoyed illustrious careers at respected clubs, we question whether they have the necessary business experience to enable them to make an effective contribution as directors of a public company.
"Moreover, whilst we always encourage our shareholders to share their views with the Board and to contribute to the future success of the company and Birmingham City, we question whether the actions of Grandtop, which have put the company to additional expense and diverted management away from the business of the club, are in the best interests of the Company and its shareholders.
"For these reasons the Board believes that they are not in the best interests of the company and its shareholder as a whole.
"The board has unanimously recommended to our shareholders to vote against the notice at the upcoming general meeting."