Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Jailed Birmingham City boss freed on bail

14 August 2015, 06:46

Hong Kong - Birmingham City's jailed former owner Carson Yeung was freed on bail in Hong Kong Friday pending an appeal against his conviction for money laundering.

Yeung, 55, was jailed for six years in March 2014 in a case that gripped the southern Chinese city and fans of the English football club with its tales of unexplained dealings and financial transactions involving local businessmen and an alleged triad member.

Yeung was convicted on five charges of laundering HK$721 million (US$93 million).

A previous appeal bid was rejected in May, but Yeung was granted the right to challenge his conviction Friday.

Yeung was freed by the Court of Final Appeal, the city's highest court, on HK$7 million bail and cash surety of HK$6 million, the South China Morning Post said.

Also Read: Birmingham hire Rowett as new boss

He was ordered not to leave Hong Kong and report to police three times a week.

Leave to appeal was granted based on legal questions raised by Yeung's defence in written submissions, the Post reported.

Yeung was charged in June 2011, two years after he bought the team.

He remains the largest shareholder in the club's holding company, according to the Hong Kong stock exchange website, despite resigning from all positions before the trial verdict.

Birmingham City -- who were relegated from the Premiership in 2011, three months after winning the English League Cup -- have been in talks with potential bidders over the past few years.

Little known before his emergence in English football, hairdresser-turned-tycoon Yeung took control of Birmingham City in October 2009 in an 81 million (US$123 million) takeover from David Sullivan and David Gold, now the co-owners of West Ham.

Yeung's appeal hearing will take place on May 31 next year.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...