The new management of Birmingham City is keen to revisit the plan for a 55,000-seat stadium to replace St Andrews, which has been the Premier League club's home ground since 1906. Shareholders of Hong Kong-listed Grandtop International yesterday approved the acquisition of the Midlands club, which will cost the company about HK$731 million. 'St Andrews is the property of the club and we can develop many commercial elements there in future,' said Grandtop chairman Carson Yeung Ka-sing. Chief operations officer Sammy Yu Wai-ying said they had discussed the stadium project with the City Council as part of the regeneration project of the second largest city in England. 'We have reached a consensus with the council and the plan is to build a new stadium to replace St Andrews. If everything goes according to the plan, the new stadium will be open in 2013 with a capacity of 55,000 seats,' Yu said. 'St Andrews can then be developed for other uses such as property development, but it is still too early to give any details as a lot more discussions and studies will be required,' he added. In 2004, a proposal was put forward to build a 'sports village' comprising a new 55,000-capacity stadium for the club, other sports and leisure facilities and a super casino. The project called for joint financing by the City Council, the club and casino group Las Vegas Sands. The plan's feasibility depended on the government issuing a licence for a super casino, and Birmingham being chosen as the venue, but this did not happen. The new management also promised some good news for Blues fans as they would cut season-ticket prices if there was a bigger stadium. 'St Andrews can accommodate 30,900 fans and each season ticket-holder has to pay GBP500 to GBP700, but the prices can be reduced when we have a bigger stadium,' Yu said. Grandtop is expected to take over the club in two weeks and Yu said they would keep manager Alex McLeish in place. 'He is a nice man,' Yu said. 'As I have said many times before, we would like to keep the takeover smooth, and to the benefit of the club, we will keep our current manager. If we can work well together, then why not forever? Of course we will work with him and try to do the best for the club.' The new management will strengthen the squad when the transfer window reopened in January. 'We have some ideas about how to strengthen the squad but need time to put these plans into action,' Yu said. 'The new management would be happy if the club can maintain a mid-table position at the end of our first season in charge and then we'll see how far we can go from there,' Yu said. 'All teams dream to play in the Champions League, but we still have a long way to go.'