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Birmingham City owner to be sentenced in Hong Kong

Carson Yeung could face up to 14 years in jail Credit: Reuters

Carson Yeung the owner of Birmingham City Football Club is due to be sentenced in Hong Kong today.

He has been found guilty of five counts of money laundering by a court in Hong Kong. The 54-year-old had denied laundering HK$720 million (£55.4m) through his bank accounts between 2001 and 2007.

He could face up to 14 years in jail.

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Carson Yeung: acting chairman's statement

Yeung's charges will have "no impact" on day to day operations Credit: Birmingham City FC

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."

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Birmingham City FC owner guilty of money laundering

The owner of Birmingham City Football Club has been found guilty of five counts of money laundering by a Hong Kong court.

File photo of Birmingham City Football Club owner Carson Yeung.
File photo of Birmingham City Football Club owner Carson Yeung. Credit: David Jones/PA Wire

Carson Yeung previously denied laundering a total of US$93 million (£55.5 million) between January 2001 and December 2007.

Yeung is due for sentencing on Friday.

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Lee Clark says Yeung trial is not 'his concern'

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'.

Carson Yeung awaiting verdict of fraud trial

Carson Yeung arriving at court in Hong Kong today Credit: Reuters

Birmingham City Football Club's owner Carson Yeung is awaiting a verdict on charges of money laundering, following a trial in Hong Kong.

Yeung, who denies the allegations, resigned from his positions on boards relating to the club earlier this month.The judge in the case spent a full day in court reading just under a third of the 112-page report, on which he's based his decision.

The hearing will conclude at the beginning of next week.

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