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Money laundering charges for Birmingham owner will not affect club says Pannu

Birmingham City chairman Peter Pannu insists the money laundering charges hanging over club owner Carson Yeung will not affect the Blues.

The businessman has been arrested in his native Hong Kong as part of a money laundering investigation but Pannu has told fans not to fret as it has nothing to do with the St Andrew's club.

"Understandably the fans are worried about this. This has got nothing to do with the club and there is no impact on the operations over here," he told reporters.

"I've spoken on a couple of occasions to Carson and his lawyers and they've assured me there is no link whatsoever.

"I've had it explained to me that the charges relate to the 2001-2007 period - two years before Carson invested in this club so there is no connection there.

"The fans have nothing to worry about. The finances are okay. I'm flying out and will be able to tell you more when I come back."

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Andrew Slevison
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Andrew Slevison

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