Carson Yeung, the man who hopes to take full control of Birmingham City, has promised to splash out up to £5 million of his own money before the transfer window slams shut on September 1.
That would see the Hong Kong businessman hand Blues boss Alex McLeish the transfer kitty boost before his impending takeover is completed.
The details were revealed during a press conference held by Grandtop International Holdings Ltd, Yeung’s takeover vehicle, in Hong Kong this morning.
Grandtop’s chief operations officer Sammy Yu has also confirmed that ex-Liverpool and England star Steve McManaman will be handed a role with the incoming regime.
Yeung, currently the club’s single largest shareholder with a stake of 29.9 per cent, has previously made unsuccessful attempts to hand McManaman, and ex-Crystal Palace footballer Fan Zhiyi, a place on the current Blues board.
Yeung has not yet had communication with McLeish and has been told to keep away from matches at St Andrew’s until his buyout is complete.
But the recent pledge will be welcome news for McLeish, who is desperate to bolster his squad with at least two new additions before the summer transfer deadline.
Yeung confirmed: “I have already contacted some players .... We have bought the club with company money but I personally will invest £4-5 million if we get along with the players. Before the September 1 transfer deadline, I hope I can buy some useful players.”
The Far East entrepreneur has also insisted that he views Blues as a long-term investment and plans to heavily market the club in China. Yeung even added that, if it was not against the rules, Grandtop would look to purchase another club.
Yeung, who saw his previous takeover attempt in 2007 collapse in farcical circumstances, added: “All along we have never given up. This year they were promoted, so of course we want to buy it. But you know the British people, we had some reservations ... We have different cultures and ideals.
“You can’t tell me to buy -- when I’m ready, I’ll buy.”
Having paid a non-refundable £3 million deposit last week, Grandtop have made an offer of £1 per share, which would value the club at £81.51 million, and the takeover is expected to be completed within the next six weeks.