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|Name||Carson Yeung Ka-Sing|
|Date of Birth||27 February 1960|
|BCFC||13 October 2009 – 04 February 2014|
|BIH||20 July 2007 – 04 February 2014|
|Other ListCo Appointments|
|Shares owned in BIH||2,700,000,000 (27.89%)|
Biography (as of 5 Jan 2016)
Carson Yeung is a name synonymous with Birmingham City’s recent troubles. The former hairdresser swept to power in October 2009, having bought out the previous board with a bid valuing the club at over £80million. This had followed an initial purchase of 29.9% and abortive takeover of the club in 2007.
Yeung was arrested on five counts of knowing or having reason to believe he had dealt with the proceeds of an indictable offence – otherwise known as money laundering – in June 2011 and was sentenced to six years in prison having been convicted of the offence in March 2014.
He is currently on bail while waiting for his appeal to the Court of Final Appeal to be heard and lives with his wife Wang Man-li and his young children Camilla and Alexander in his multi-million dollar home on the Peak in Hong Kong.
Latest articles about Carson Yeung
Cantonese language outlets in Hong Kong have today published stories linking one of the companies involved in Carson Yeung’s money laundering trial with the leaked papers from Panamanian lawyers Mossack Fonseca.
While the saga of the takeover by Trillion Trophy Asia rumbles on, BIH’s current major shareholder Carson Yeung faces an uncertain time. His final appeal against his money laundering conviction will be heard on May 31 in the Court of Final Appeal – will he emerge a free man or will he have to return to jail to serve out the remainder of his sentence?
Tags: Carson Yeung
Yesterday saw an announcement made to the HKSE, confirming that BIH have reached an agreement with U-Continent and also putting into the public domain some of what will happen with the upcoming EGM.
Birmingham International Holdings have announced to the Stock Exchange that they have struck a “special deal” with U-Continent, the second largest shareholder in the company and have rescinded all legal action against them.
With the season now petering out to a lukewarm conclusion and all dreams of playoffs and promotion now completely dead, I think the time has come for us to be able to take our focus away from matters on the pitch and look at what is happening behind the scenes.
As March comes to an end it brings us not only towards the conclusion of the current season, but potentially also the conclusion of the current phase of the ownership saga with Birmingham International Holdings looking to get their shares re-listed sooner rather than later.
Birmingham International Holdings made an announcement to the Hong Kong Stock Exchange this afternoon to confirm it had come to an agreement with Carson Yeung and had brought the company a step closer to having the suspension of trading of its shares on the HKSE lifted.
One question that I have been asked a lot of late is “what if?” What if Carson overturns his appeal? What if Blues pull off the impossible dream and gets promoted? What if Trillion Trophy Asia decide they don’t want to fund Birmingham City any more?
On Friday Birmingham International Holdings released their interim accounts for the six month period ending December 31, 2015. I’ve recorded this podcast to put together my thoughts on how good/bad they are and what it likely means to the club.
As the end of February draws closer, there will be a little bit of news coming from Hong Kong with respect to the holding company.