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Hong Kong businessman Yeung steps down from Birmingham board

Birmingham City owner Carson Yeung has stepped down from the clubs board as he fights a money laundering charge.

The Hong Kong businessman is awaiting the verdict of a money laundering trial in his homeland, due on February 28, and will forego all of his duties at St Andrew's while this takes place.

Yeung became the major shareholder at Birmingham in 2009 and has since held such positions as president, director of Birmingham City plc and director and chairman of the club's parent company, Birmingham International Holdings Ltd (BIHL).

"Carson Yeung has taken this decision to focus more time on his on-going court case and to satisfy one of the requirements for the resumption of trading of BIHL shares," club acting chairman Peter Pannu told the club's official website.

"I will endeavour to update supporters further following the forthcoming EGM (Extraordinary General Meeting) in Hong Kong.

"I would like to take this opportunity to thank Carson Yeung for his vision, dedication and generous support for the football club."

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Andrew Slevison
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Andrew Slevison

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