With news breaking of a new takeover bid at Birmingham City, there have been questions from fans arising from the ongoing EFL investigation into Wang Yaohui (aka the elusive Mr King), and the issues it may cause a potential takeover.
Radio Free Asia reporter Jack Adamović Davies published a huge investigative report into Wang Yaohui – also known as the elusive Mr King – on Monday night. The report confirms that conclusive proof exists showing that Wang is the beneficial owner of one shareholder in Birmingham Sports Holdings and is a close familial link to Vong Pech. It also goes into detail about Wang’s connections in Cambodia and Cyprus and the legal troubles he is facing.
I’ve mentioned before that the elusive Mr King aka Wang Yaohui is suffering some financial and legal issues at this moment in time. Confirmation of this has come recently on the Chinese news website Sina, which has reported issues Wang has had with a shopping mall he owns in Beijing.
As the protests continue at Birmingham City games, I wanted to turn my attention away from what is happening in Birmingham and look at where in the world Wang Yaohui might be – and if it’s possible he’s aware that his nickname is getting more and more mentions in a pissed off corner of B9.
Last month I wrote about the family connections between the elusive Mr King, Wang Yaohui and Vong Pech, who has the largest financial interest in Birmingham City. Feedback from that article suggests there is still some confusion as to just who this Mr King guy is, and why I’ve dedicated so much of my time to uncovering connections between him and the titular shareholders of Birmingham Sports Holding. In this article I’m hoping to rectify that somewhat.
Following my article on Monday about the rumours surrounding takeovers and owners, I thought now would be a good time to refresh people’s memories about Wang Yaohui (aka the elusive Mr King) and his connections to the entities that officially own the club, the stadium and Birmingham Sports Holdings.
On Friday, Birmingham Sports Holdings made an announcement to the Hong Kong Stock Exchange that they had issued just over a billion new shares in the company to repay debts to two third party lenders. An investigation into the two companies and their owners has shown that both companies are connected both to the elusive Mr King, Wang Yaohui.
The recent partial sale of Birmingham City to investment vehicle Oriental Rainbow Investments along with the recent share subscription completed by Birmingham Sports Holdings has complicated the question of who actually owns the club a little bit further. As the structure of the ownership of the club becomes more Byzantine, it’s become increasingly difficult for fans to understand.
Previously on this website I’ve written an occasional series of articles regarding Wang Yaohui or “Mr King”. In the last few months I’ve been looking at Wang’s business dealings in the UK to understand fully his modus operandi and wealth.
Over the last ten months I have written an occasional series about “Mr King” aka Wang Yaohui. I’ve written about his past and his connections with various entities who have loaned money and gained stock in Birmingham Sports Holdings. In this article, I’m exploring what Wang has been up to of late and his connections to Cambodia.