Find a list of your saved stories here

Birmingham City owner sentenced to 6-year term


2 photos
Save Story

Save stories to read later


Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

HONG KONG (AP) — Carson Yeung, the owner of English Championship club Birmingham City, has been sentenced to six years in jail for money laundering.

Hong Kong District Court judge Douglas Yau handed down the sentence Friday. Yeung was found guilty on Monday over his receipt of 721 million Hong Kong dollars ($93 million), using five bank accounts between January 2001 and December 2007.

The court had heard that 54-year-old Yeung and his father, who died in 2012, reported no earnings while the vast sums were deposited into the bank accounts.

Some deposits were made by securities firms and a Macau casino company, while others were made by unknown parties, many in cash.

Yeung had resigned his directorship with Birmingham ahead of the verdict and his stake is now below 30 percent, ensuring he does not breach league rules concerning people convicted of offenses involving dishonesty.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Soccer stories

Related topics

Soccer
The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast