**Hong Kong-based businessman Carson Yeung has put down a £3m deposit with a view to taking over Birmingham City football club.**Mr Yeung’s Grandtop International Holdings, which owns a 29.9% stake in the club, has made the payment.
The £3m deposit is a guarantee for Grandtop’s ability and intention to make an offer for the club.
An offer for the complete shareholding would value the English Premier League club at approximately £81.5m.
Last week Birmingham confirmed a takeover approach from Grandtop.