Blues could be sold

Investment bank Seymour Pierce have acquired a charge on Birmingham City shares which could lead to an enforced takeover of the club after May 27th.   They sued for £2.2m they were owed as a 'success fee' for introducing Carson Yeung to Birmingham City's owners.  This may seem quite a lot of money for effecting an introduction, particularly as they were not directly involved in the eventual sale, but Seymour Pierce insist that the terms of the contract were clear.  Birmingham City have said that they will appeal the decision, but it would appear that they have been denied leave to appeal by the courts.  In a Radio 5 interview, a Seymour Pierce representative insisted that they did not want to takeover the club, they just wanted the fee to which they were legally entitled.