DW Stadium

Next Game

Wigan v Birmingham

Saturday, 30 August 2014, 15:00

Sky Bet Ch'ship

St Andrews Stadium

Last Game

Birmingham 0 - 3 S'land

Wednesday, 27 August 2014, 19:45

Capital One Cup Second Round

Yeung jailed for six years

Birmingham City owner Carson Yeung has been jailed for six years for money laundering.

Last Updated: 07/03/14 at 07:48 Post Comment

Carson Yeung: Six years in jail

Carson Yeung: Six years in jail

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Judge Douglas Yau handed down the sentence in Hong Kong after convicting Yeung, 54, of five counts of money laundering earlier this week.

Yeung bought into Birmingham City in 2007 and acquired the rest in 2009.

But he resigned from the parent company - Hong Kong-listed Birmingham International Holdings Ltd (BIHL) - while he awaited the verdict.

It is not yet clear what his conviction and imprisonment means for Birmingham City.

And the case raises difficult questions about how Yeung managed to pass the Premier League's fit and proper persons test whilst buying the club.

It is the first time that someone still involved in a football club would fail the owners and directors test.

Yeung was found guilty of laundering around £56m through his accounts between 2001 and 2007.

His defence lawyer told the judge that Yeung, who built a business empire that included hair salons, fertiliser and real estate, "came from rags to riches, and he's likely to return to rags".

Pleading for a light sentence, his lawyer said there had been "no subterfuge" in Yeung's business dealings as the accounts in question were held in his own name and his father's.

Throughout the trial, Yeung and the prosecution painted very different pictures of how the tycoon made his money.

The prosecution says the huge sums of money passed through five accounts from "unknown parties without any apparent reason".

Yeung insists he accumulated his millions through stock trading, hair salons, business ventures in mainland China and investing in casinos in Macau.

The jailing of Yeung leaves Birmingham fans uncertain about their club's future.

Dave Farrell, board member of Blues Trust, told Sky Sports News earlier this week: "The future of Birmingham City football club really rests in BIHL's hands now.

"Whilst we know that Carson is a major influence in that, we need to know what's happening with the football club.

"Concerns have always been there. They have been there from day one and they are still there today, but we have more support now, more galvanised fans. Support that has a concern about where we go together and how we support our club."

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Roy Hodgson calls up Jack Colback, Calum Chambers, Danny Rose and Fabian Delph to England squad

Roy Hodgson has named four uncapped players in his latest England squad with Wayne Rooney confirmed as captain.

Roy Hodgson names Wayne Rooney as new England captain

Wayne Rooney has been named England's new captain by manager Roy Hodgson.

Transfer news: Glen Johnson yet to discuss new Liverpool deal

Glen Johnson has entered the final year of his contract at Liverpool, but no extension talks have been held as yet.

Mail Box

A United Fan Happy To See Welbeck Go

One United fan doesn't understand all the fuss over Danny Welbeck, while we also have mails on Arsenal being Arsenal, curious transfers and how to pronounce 'Gaal'...

Should Kagawa Play Ahead Of Mata?

That's one question posed in the afternoon mailbox, although it looks like the Japanese playmaker could soon be on his way. Plus, tipping Palace to go down under Warnock...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property