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 Posted by PA Sport
Mar 7, 2014

Birmingham owner Yeung jailed

Birmingham City acting chairman Peter Pannu believes the club's future is secure after former president Carson Yeung was found guilty of money laundering.

Birmingham owner Carson Yeung has been sentenced to six years in prison for money laundering by a court in Hong Kong.

Carson Yeung had argued that he could not have a fair trial
Carson

Businessman Yeung, the club's majority shareholder, was found guilty on five counts of money laundering on Monday and was duly sentenced on Friday.

It remains to be seen whether the 54-year-old will appeal against the length of the jail term.

He was arrested and charged in 2011 having bought Blues two years earlier, and had denied laundering 720 million Hong Kong dollars (55.4 million pounds through his accounts between 2001 and 2007.

Yeung last month resigned from his position on the boards of the football club, Birmingham City plc and Birmingham International Holdings Limited (BIHL), the club's parent company.

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