 Birmingham lost to rivals Aston Villa in Sunday's derby at St Andrew's
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Hong Kong businessman Carson Yeung has formally lodged his takeover bid for Birmingham City after sending official offer documents to shareholders.
Yeung is offering £1 a share and hopes to complete the deal by late October.
He already owns 29.9% of the club, and co-owners David Sullivan and the Gold brothers have indicated they will sell their combined 50% investment.
If Yeung's stake reaches 90%, it will trigger the compulsory purchase of the remaining shares.
Even without that, Yeung would still own the club - although he is keen to secure the full 100%.
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606: DEBATE
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The first closing date of the offer is 6 October, after which time Grandtop International Holdings - Yeung's company - will assess its level of ownership.
Yeung, who launched a failed bid to buy Blues in 2007, has already secured a £57m bridging loan to finance the deal.
He is now seeking permission from backers to issue 50% more shares in Grandtop at an extraordinary general meeting scheduled for next month. However, the acquisition of Birmingham is not dependent on that being successful.
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