7msports > Soccer Video > Birmingham City owner Yeung jailed for six years
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Birmingham City owner Carson Yeung has been jailed for six years by a Hong Kong court for money laundering.
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Birmingham City owner Carson Yeung has been jailed for six years by a Hong Kong court for money laundering.
The businessman, 54, was convicted on Monday of five charges relating to 55 million pounds passing through his bank accounts between 2001 and 2007.
He claimed he had accumulated hundreds of millions of dollars through stock trading, business ventures in mainland China, a hair salon and gambling, but couldn't prove where the sum had originated.
Yeung bought Birmingham in 2009 along with David Gold and David Sullivan before being arrested two years later.
He is the majority shareholder but resigned both as club president and director of Birmingham City plc in February.
The club said on Monday that his arrest will have no implications on its day-to-day running.
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Birmingham City owner Yeung jailed for six years
Saturday, March 08 2014Category:Soccer