Birmingham edge closer to takeover

Last updated at 11:11 13 June 2007

Birmingham edged closer to a takeover last night when managing director Karren Brady cut short her holiday and returned to St Andrews.

Blues co-owners David Sullivan and David and Ralph Gold have admitesd they will sell their controlling shares in the Midlands club to a mystery businessman from the Far East if the right deal is struck.

A contingent from Asia are due in Birmingham in the next 24 hours to go through the club's books with auditors according to the Daily Mirror.

It is also claimed the world's fifth richest man, Lakshmi Mittal, who is worth £19.25billion, has also expressed an interest in the Premiership newcomers.

The UK-based Indian steel magnate, whose fortune is almost twice that of Chelsea owner Roman Abramovich, has inquired about a possible sale in a new development.

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