A football finance expert has said life could be difficult for Birmingham City following Carson Yeung's sentencing, because there are fears that his stake in the club may be seized by the Hong Kong state.
Yeung, who resigned as Chairman of the club last month, laundered more than £55 million through his bank accounts over six years, and has been jailed for six years.
Robert Matusiewicz says the shares once held by Carson Yeung could be bought by an individual with no affinity to Birmingham City, and view it simply as an investment.
Birmingham City FC's acting chairman Peter Pannu has released the following statement:
"I regret to inform all supporters and staff of our beloved club that Birmingham City F.C's former president and benefactor, Carson Yeung, was today convicted of all charges he faced following a protracted period of legal proceedings.
"I'd like to reassure all supporters and staff that today's verdict will have no impact on the day-to-day operations at the football club.
"Birmingham International Holdings Limited, the holding company, shall continue to support the football club under the leadership of the group's new chairman, Mr Cheung Shing, and will work to raise further investment to support Birmingham City F.C. going forward."
Speaking at a press conference this morning ahead of Birmingham City's championship clash with Ipswich, manager Lee Clark refused to comment on the impending verdict of Carson Yeung's money laundering trial in Hong Kong.
He told ITV News Central that he was only concerned with matters on the pitch, and 'whatever happens elsewhere happens'.