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Carson Yeung found GUILTY on five counts of money laundering
Carson Yeung was today convicted in the District Court, Wan Chai of five counts of knowing or having reason to believe that he has dealt with property that is the proceeds of an indictable offence,
In his verdict, Judge Douglas Yau Tak-hong said that Carson was “not a witness of truth”, that he was “someone who is prepared to, and did try to lie whenever he saw the need to.”
Carson was remanded in custody pending a sentence hearing on Friday. No bail application was made at this time.
John Reading SC declined to comment on the prosecution as did Panos Pavlakis and Cheung Shing, both of whom were present for the final verdict.
Carson faces a prison sentence of five to seven years. He has four weeks to appeal his sentence from the date of conviction, and a maximum of two appeals – the Court of Appeal and the Court of Final Appeal.
When I have had chance to read the verdict in full I will post a fuller article. Commenters are reminded that whilst Carson has been convicted he is the only person to have been convicted and thus it is libellous to infer any other criminal activity.
Tags: Carson Yeung, The Trial
155 Responses to “Carson Yeung found GUILTY on five counts of money laundering”
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Thank you.
Thanks Dan. The thing I find puzzling is that he may be released on bail if he makes an appeal. I think the usual convention (e.g. in the Uk) is that if you are found guilty and given a custodial sentence any appeal takes place in parallel with you serving the start of the sentence. Is HK law different in this regard?. Or is this down to the judge.
It is
No real surprise on the verdict Dan, just came quicker than anyone thought with all the reading of the transcripts.
Thank you Dan for all your efforts in keeping Blue Noses around the world informed.
Now hopefully, onwards and upwards KRO.
I genuinely don’t know whether this is good news for us or bad – certainly there will be even more delay while appeals etc are heard, but surely, SURELY, this may be the light at the end of a very long, dark tunnel for us – I just hope that the light isnt a train coming the other way!!!
Still going to take years if appealing, so therefore what difference this initial verdict will make is uncertain…..
Dan, Have you any idea what might happen to his shares in BIHL?
Nowt quickly
Who cares? Absolutely no meaning to our club at all. He appeals and so it goes on for another three years. In the meantime the cash cow continues to be milked by companies that are supposed to have nothing to do with him
We are here for the long haul. Don’t get me wrong I’m pleased he is guilty but we are about to get the brunt of this. It will be our club that continues to suffer.
Just heard Dan on Sky Sports News!
In the Hong Kong Standard report (thestandardcomhk) it ends with ‘reasonable grounds that the ‘funds represented the proceeds of an iindictable offence.’ Does this mean the money laundering itself; or that the money that was laundered came from other criminal activities?
i.e. is the feeling in HK that we will see further charges now?
AFAIU the charges related to before he acquired BCFC
Aussie…
…as I have written before (and I think is in the yet-to-be-updated criminal case factfile) Carson was convicted of “knowing or having reason to believe dealing with funds that were the proceeds of an indictable offence” – this is otherwise known as Money Laundering.
Thanks Dan..but do you think that’s deliberately ambiguous in legal-speak? No one launders money that is gained by honest means…there is no motive to do so. So where did the money come from that was laundered and are these ‘indictable offences’ as well? If I’m straying too close to sub judice I’ll understand if you moderate this post mate, no worries.
The prosecution doesn’t have to prove where the money came from – just that the money could have come from nefarious sources. As I kept saying, the law here is draconian, conviction rates are 95%+ – I couldn’t say this previously because of sub judice but as there is now a conviction I can say that Carson never stood a chance. Anyone who thought he did didn’t understand the law here.
Check. But will they now pursue those ‘nefarious sources?’ I mean, if someone receives $500K in , say for example drug money, and then launders it though front companies; would the authorities not prosecute the alleged drug dealing as well as the laundering? I mean, what’s Interpol for?
Good question. You’d think so, wouldn’t you?
Another chapter over.
Thanks for the coverage a master class in journalism throughout.
Looking forward to your next exploits in a Bluenose world.
I fear Stevie that we may have to suffer the appeals process.Two years maybe ?
No real surprise, given the flimsy and jocular nature of the defence.
Hope people aren’t expecting this to have any immediate effects on the situation at Blues.
Excellent coverage from Dan as ever.
Cheers Dan,we stil don’t know for definite what this means for our great club but at least it’s a start,let’s just hope they sell us now and we can start to look forward and start talking about football again,we’ve got 2 big games coming up so let’s get down to Stan’s in number’s and get behind our team like we used to,there’s no place like it when it’s rocking KRO and DNM
Might any of Hong Kong’s or our authorities now have a look at Gold & Sullivan for receiving the proceeds of this crime? Or look to recover them? I know the case didn’t revolve round Blues per se but it’s pretty obvious where the laundered money was spent.
Good shout Pan
They would have to prove that that GGS had reasonable grounds to be aware that the funds were dodgy surely?
They could ask them why they sold Blues to him when Reading’s and Villa’s respective owners didn’t sell their clubs to him.
You can be prosecuted for receiving stolen goods whether you knew they were stolen or not, but if you had took reasonable steps etc, that would probably go in your favour.
It really isnt going to happen, it isnt their job to check where funds come from and the deal would be there for all to see (IR, VAT etc) its ludricous to try and shoulder G&S with any blame at all and its also possibly libelous!
So now we know.
As Dan says please let us not tar the people of the Chinese and Hong Kong nations with the same brush, nor any members of the BIH or BCFC boards either
What does that mean for BCFC ?
Carsons wealth and commands has been passed down to family and friends he can trust.
I’m hoping the court will sell BCFC to the highest bidder ?
CV7Blue
the court cannot sell the club as yeung doesn’t own the club, he’s just a shareholder.
They may seize his shares, who knows and i wonder if he paid tax on this money he laundered, so wil hel be investigated for tax evasion now?
He would be an idiot to launder the money and then not use it legitimately. The whole point of laundering money is to cleanse it and make it legitimate to then avoid tax on it would be stupid.
justice will out ,oh how wonderful to trust these honourable eastern gentlemen,he must be sentenced to 25 years down the villa. Cliff,
As I haven’t read any parts of any coverage of this case,I have to ask some things that may have already been answered on here. Was any of the monies paid for the acquisition of BCFC “laundered”? And if so,are the football authorities likely to penalise the club in any way?
Big question mate… one I don’t know the answer to
Through out all this I think it’s been pretty much a certainty that he was guilty, the one thing I’ve always had at the back of my mind is wether this will come back to haunt us, having said that surely they must prove exactly where the money came from in order to prove that it was dirty money used to buy the club
The HK legal system has ruled on what most of us knew all along, except the deluded minority of course.
This has made my day, down you go liar, your not as untouchable as you think, like I say, nothing more than a common criminal
Couldn’t have said it better myself lee,a truly fantastic day,good riddance to bad rubbish…..
Question is does he have to pay said money back.if so he’s only really assest is blues so does this mean he will have to sell to pay them back..
as far as i am aware they already have his assets to the tune of around £60 million not including his BIHL shares as far as i know.
In Hong Kong a defendant has to prove his innocence. In England the prosecution has to prove his guilt beyond a reasonable doubt. I wonder whether he would have been found not guilty if he had been tried at Birmingham Crown Court!!!!!
Not true mate, you’re reading something that isn’t there.
In HK in money laundering trials (only money laundering trials), the tactical onus is on the defendant to show that they have acted as a reasonable man should.
However, the point stands and I think it would have been a much more difficult prosecution in the UK
What happen’s next? Can the FA force him to sell our club, and can they force a buyer upon him even if he didn’t want to sell to that group of people.?
he doesn’t own the club just a share of it.
they would have to prove the majority of the £80 million he and the other shareholders bought the club with was dodgy.
Hope it’s good news for BCFC, but i am worried.
Dan thanks for the all the updates.
So what happens to DS DG & KB if it’s found that the money they received for the sale of BCFC was laundered money?
That would be down to the police if they want to investigate mate
Porridge porridge porridge
Surely if he’s guilty then bihl as a whole is built on dirty money and the company as a whole is nothing more than a farce that has been set up illegally, this ruling must mean that everything must go?
It is BIHL that own the club, Carson can only be forced to sell his share that’s all.
agree Andy but i can see Lee’s point too.
If a good size of the £80 million was dodgy money then the Police in HK and UK would have to investigate and prove where all of the £80 million came from which would just be another massive can of worms.
Thanks for the continued updates and thoughts Dan
It’s interesting that the BBC now has articles on the text pages and t’interweb about this.
It was also on the BBC news on the radio this morning.
All are saying “Birmingham City Football Club owner – Carson Yeung……”
They are also quoting he may be jailed for a maximum of 14 years.
It’d be nice if they had taken an interest while he actually WAS our owner, though I realise he is still a major shareholder, I thought he was no longer “our owner” as such.
Dan, as CY is now a convict surely he must be subject to FL rules (pending appeal?) as he is obviously a person who is exercising “control” over the Club. FL rules state that “the regulations also allow us to consider shareholders holding less than 30% if they are acting “in concert” with others and together they go over 30%”. CY is obviously still “acting on concert” as the recent appointments, family involvement and meetings at BIHL HQ would testify.
Very good point, but can you really see the FL (or PL if we were there) actually taking any real action? Those organisations talk more bull than Yeung has been these last few years.
I would imagine Mr Pannu will give us a statement on what is going to happen in the near future and clarify that BIHL will now sell the football club, or not?
Yes, I’m sure we will get an open, honest and transparent statement from Pannu.
Yeung could of course plead insanity, giving as evidence the price he paid for BCFC!
haha…. thanks for making me smile….. haha
KRO
When can we buy the book Dan? Should be a copy on every Blues fan’s bookshelf to hand down to future generations. You could call it “Trial and Error”.
Or ‘Singing the Blues’…. or ‘Blue Mood’…. or ‘Red and Blue’…
Surely that should be “in the red and Blue”
Hands off the phrase “red and blue” – its ours ;-) I would be pleased for you but after the shenanigans with the shares and loans I am afraid that Carson and whoever provided the money that was found to be laundered have consolidated the position to cause as much difficulty to anyone trying to get to the assets as possible. I was increasingly surprised that no effort was made by the HK authorities to prevent the movement round of debts shares etc that went on but then HK is a different world and it may be that ultimately they have bigger fish to fry or are confident that they will get their hands on the assets in another way. To borrow a quote the Verdict today is not the end it is not even the beginning of the end but it may be the end of the beginning.
Next month mate… taking preorders if you want to email me
Thanks Dan, glad this parts over, to me all this means is in football terms Yeung has taken one for the “team2 who have reorganised themselves
Its going to be very interesting to see what Pannu says now. I wonder if the source of funds that purchased Blues will come under scrutiny. If so and the authorities folllow the money trail which then proves to be a dubious source, then how would this reflect on Gold & Sullivan who would have benefited from receiving a considerable sum of dodgy money.
heard you live at 6-30 am this morning Daniel on sky sports news and ide never have
guessed you were a blue nose with that accent mate, well spoken and now were
wait and see on friday what he will get though as you said i cant see anything
happening in the short term and he will appeal so it might drag on for 3,4 years yet
but hes guilty and thats that so lets hope he does the sensible thing and sell up
but i aint holding my breath on that one.DNM & KRO.
I’m from Chelmsley Wood mate, I’m a commoner
He sounded Brummie on the BM podcast.He must have a TV voice as well.
I can remember pannu on sky t.v. Being interviewed in his car as he was pulling off the car park a day or so after yeung was arrested…..pannu words were all the charges are “weak” not much to worry about…..well mr pannu what you gotta say now then??nows your chance to talk….
Not sure how this will affect BCFC since CY handed over the reigns, or rather stepped aside.
Do we know if there was an order for the confiscation of any assets made?
The initial reaction is a good result and justice has been done, but either way there was going to be the route for appeals and I believe this could take up to three years maybe more.
Will CY’s shares now be confiscated, does anyone know?
We now have more questions to answer, the main being what are BIHL plans for BCFC, will they sell or will they seek extra investment.
I look forward to your update Dan and maybe you will be able to answer the many question that will be asked.
Well done on keeping us updated.
KRO+DNM
I don’t want to hark back to the past too much, but the Golds and Sullivan selling the club to Yeung was where it all started going wrong. As I said yesterday, Yeung (and others like him) get so awestruck by the potential riches on offer from owning a Premiership club that they do things that in any other businesses no-one in their right mind would dare to. In other words, Yeung paid way over the odds for our club, gambled on player wages, and didn’t run it with a plan B for relegation in mind. In 2009-11 when restraint was needed most, it wasn’t there. But then who didn’t want Yeung to splash out on those top players? He gambled his (laundered) riches — and failed. For want of one more point in 2011and today might be a very different story.
That extra point could have seen us now bankrupt and possibly expelled from the league.
CY would have still been caught and his assets would still have been frozen, we would probably have a squad of 18 on similar contracts that Zigic is on, that is a scary thought.
KRO+DNM
Yeah who knows, perhaps it was a blessing in disguise?
i didn’t want him to splash the cash because it was always obvious he wasn’t rich in football terms.
He wouldn’t need to have other peoples money to buy the club if he was rich, it was so obvious.
Very few consortium buy outs work out in football, name one?
Sunderland being the only one i can think of.
Palace – four owners – working so far, Swansea – trust part owners – seems to be doing OK.
Dan your reporting on Carson’s case has been brilliant keeping us all updated and explaining some of the legal stuff to us. Does this mean you can finish your book or will the appeals be another chapter ? As see it one down one to go as we need to get rid of your mate Mr pannu ! Thanks again and have a safe trip home. kro dnm.
Well from what I can glean from comments across the social media the big question now is
Was BCFC bought with Laundered money and if so what happens next.
Dan over to you…..
And as I’ve said in the comments on here already – no idea and no idea…
Dan,i thought the court had said they wasn’t looking at the Blues sale ?
Carson’s bloke mentioned it.
You can bet your a*se that messrs Gold/Sullivan/Gold have contacted their solicitors already… just in case.
You can bet your life Sullivan and Gold had their arses covered before they even entered into a deal. Love Sully or hate him, the one thing that you can say about him is that when it comes to money he is the biggest shark in the pond. They would have known exactly who and what they were dealing with, Sully doesn’t leave anything to chance when it comes to ££££.
You can read his comments on the club site.
Just read his comment. It is with regret? No regrets here. OUR beloved club? He doesn’t give a toss,so don’t use the word OUR.
Agree with you there Steve
US agreeing on something BIS. What a remarkable day this is becoming. :)
Touche both.
Shows how out of touch he is with the fans and it’s customers.
Today is a necessary step towards ridding ourselves of CY & Co’s influence. Even though it may not be decisive I’m happy for what seems like progress. I just hope things don’t get worse still. Be prepared for anything!
And thanks to you Dan for all your hard work. Enjoy your light reading ;)
Where’s Mark?you don’t think he’s done something stupid do you ?
Probably drowning his sorrows with Paul.
Well he wasnt in the Pub when I went in. Perhaps he is letting the more vicious of our Fans have their moment.
Was just wondering about Mark…
Just a thought,but i’ve never seen Mark and Carson on here at the same time .Hmmm. :)
Never far away mate……..
Well I am of the understanding that the Hong Kong government can and will strip him of any assets that he Owens from the proceeds of laundered moneys . And they would then sell the assets
To cover there costs I think if BCFC is found to be purchased with dirty money they would have to apply to the brutish governing body to remove the club and take control . I also believe that the FA will not allow a government to hold any part of the club so it would have to be in the hands of the Hong Kong government solicitors or a British solicitors acting on there behalf . So this would Maine the club would be sold to the highest bidder.
But CY is not in the control of the club so I think under British low the Hong Kong government can only enforce the sale of the remaining shares, ”This could go on for some time yet” as it is also possible that the brutish governing body will need to see evidence that shares held by the remaining shareholders are not from the proceeding of laundered moneys as if they are then they would be removed also . It is possible that CY sold shares with the proceeds of laundered moneys or transferred them . BIHL would be investigated so now we see why CY rosined first from BIHL and then from BCFC . ”I can’t say what will happen it is all a bit complicated”
According to pannu on club site it changes nothing and he has nothing further to add same boat no paddles when will people realise bcfc only a small cog in a big wheel.they dont care about fans feelings delay no more sell our club to people who will care kro
Thanks for keepibg us informed Dan. Great job.
There are surely some questions to be answered by the main players and advisers at the time of the takeover by Grandtop/BIHL. Seymour Pierce and BDO Stoy Hayward advised Carson Yeung and/or Grandtop/BIHL. Under the Proceeds of Crime Act they had obligations to report to the National Crime Agency if they had suspicions of Money Laundering and failing to do so is a criminal offence. Perhaps they did make those disclosures or else they thought the funds were legitimate? If they thought they were legitimate no problem but there was a lot of questions asked in the press about CY at the time. Perhaps we have too much laundered money in football London property market etc. for it to be too damaging to get involved? ah well back to the day job 50 years a slave
Sorry to hear david murphy retiring through
njury I wish you well daid for future
Yeah it is sad news.Unfortunately it wasn’t unexpected.Good luck to him.
I hadn’t heard this. Great shame, just another bit of bad luck on top of everything else.
I agree = David Murphey has served us well. A great left back/winger. Good luck David.
when the sentence comes out on friday it will be the talking point of saturdays banter down
the game, this could generate a hostile and more prolific atmosphere which will make a change
down at st andrews and all kinds of things may be organised as far as flags, banners and
the singing of certain related updated songs….looking forward to seeing what develops
against OPR saturday and it might just galvanise the players and get us those first 3 points
since october 1st and a little chucle from carson as he starts is time in jail. DNM & KRO.
As for Peter Pannu’s statement We can not believe a word he says.
He knows nothing of the low . pending any investigation BIHL do not have any chic in the future from now it is in the hands of the low this much I do know.
I work in customs and it is very similar within the low.
Waycool – i would think as Pannu was a policeman and a barrister he probably does know something about the law.
almajir Well He may then know something about British low and he most likely as been advised
But him telling us this changes nothing is a complete lie .
Waycool, are you overly excited ? And I agree with Dan re Pannu, he isn’t the idiot a lot of our Idiots try to make out.
I don’t get excited its just not me . We will just have to what and see but I think this will drag on for some time yet .
to right steve, it makes my blood boil when he says OUR club, its not is club and never will be
it will always be the supporters club…STOP patranising us with your pathetic words and
saying ” it is with regret” about carson yeung…we certainly dont regret the verdict..well the
fans that care about the club dont, those of you who wanted him back and running the club
again..shame on you and your knowledge of the case, DNM & KRO.
I cant wait to listen to the chants/songs our fans will come up with on Saturday. Bluenoses have always had a brilliant humour when it comes to this kind of thing…. probably part of the reason I support our club is because of our fans and the ironic humour! :-)
Thank you, Dan, for the hard work.
You have been a brilliant informer!
No problems for Blues…. I am absoloutely certain that Mr. Pannu has a Plan B for Blues. After all – we pay him a million a year for that, don´t we?
ive said many times that our support away is second to none but at home particuly over
the last couple of years as been awfull ( excluding europa league games when the
atmosphere was brilliant) hopefully saturday will bring the best out of the home fans
and cheer us on to a long awaited win. DNM & KRO.
I think now that we have a verdict we can all unite against the CY regime, I have been reluctant to do so before any guilt was proven. We must wait and see what develops, there has been a lot on Radio 5 today so it may make a few more people aware that the club is up for grabs(hopefully) its a long,long road!
That’s the problem isn’t it Steve? Is the club up for grabs? I don’t think we will get new owners any time soon. especially if CY appeals.
The day to day running of the club, you are having a laugh. Mr Pannu you have stripped OUR club bare and pocketed the proceeds instead of reinvesting.
The message from the hard core supporters is plain and simple…
DELAY NO MORE- SELL OUR CLUB NOW, you are not welcome
KRO+DNM
totally agree Chris W but there gonna hang on to the bitter end till someone gives them
the £ 32 million they want, if not weve got a lot more suffering to go through and a lot
more players sold. DNM & KRO.
Unfortunately Dave we don’t have many players left to sell, not for a realistic fee anyway.
If anyone can prove the club was bought with dirty money then it might force a sale sooner and for what it is actually worth. The good thing is we are virtually debt free, about £5m I think, if the recent losses were correct, but then we will lose our high earners come July.
This is not going to end quickly, sadly still a long way to go I feel….
KRO+DNM
re the takeover by Grandtop/BIHL: Seymour Pierce and BDO Stoy Hayward advised Carson Yeung and/or Grandtop/BIHL. Under the Proceeds of Crime Act they had obligations to report to the National Crime Agency if they had suspicions of Money Laundering and failing to do so is a criminal offence. Perhaps they did make those disclosures or else they thought the funds were legitimate? If they had a basis for believing they were legitimate no problem but there was a lot of questions asked in the press about CY at the time. There were suspicions (and that’s as far as we can go) about the other funders and certain individuals even if cleared of charges would raise the need to apply decent know your client procedures. It is insufficient to argue well they were Hong Kong entities listed in Hong Kong (Grandtop at) so perhaps complied with their FSA guidance at the time. The procedures should have lead to the appointment of a risk advisory agency who would have identified the risks and the deal would not have proceeded. Perhaps they have these reports to defend themselves but without them these firms and the individuals acting for them should be asked to explain themselves. So over to NCA and Financial Conduct Authority. Ultimately who has lost? Yeung was never wealthy as today demonstrates, BC PLC shareholders were well paid on takeover, Keith Harris’ Seymour Pierce were paid eventually and BDO was paid…”it’s all good” as they say in the City. Seymour Pierce has been sold (after public rebuke by a regulator on separate matters). The point is to stop it happening again and to restore some faith in our governmental, financial and football governing institutions. Perhaps they are acting or perhaps they hope it’ll all blow over?
It seems inconceivable that Gold, Sullivan etc did not have an inkling that the funds used to buy the club were questionable, after all Sullivan had dismissed an earlier attempt by Yeung as laughable due to lack of funds.
no disrespect to anybody .but to progress this is the only result
that the club could move forward from ..those that are left will.
have to look over their shoulder..which can only be good for any
investment.or dealings as trust is king ….kro
ECK on SSN talking about CY
Eck said he got on well with CY
Can’t understand why people are thinking BCFC was purchased with laundered money. Grandtop/BIHL raised the bulk of money with a stock flotation on the HKSE.
Remember CY had already spent £14m to purchase around 29% of BCFC in 2007……..now where that money came from might be open to question but the rest of the money for the final purchase in 2009 was via a bridging loan from Kingston Securities pending the share flotation on the HKSE.
Faberblue: You’re bit of a Pollyana too eh? This is an extract from Kingston Securities profile on their CEO Mrs Chu:
“She has been involved in gaming entertainment related services and has profound knowledge in the development of the gaming entertainment industry in Macau. ….”
Nothing wrong with that of course but don’t you find it coincidental that an expert on gaming in Macau brokered the deal to get the bulk of the dough that CY – a convicted money-launderer using Macau casinos as his excuse – completed the deal with?
It’s Chinatown man…..
did eck say anything interesting steve? …..its amazing that to think statisticly both carson
yeung and alex mcleish will go down as two of blues greatest owners/ manager weve
ever had…9th in the premiership and a league cup under there guidnce…what a funny
old game this is especially over the last 4 years…amazing!!!! KRO.
To be fair Dave, Mcleish had money to spend, LC has had to do things with his hands and legs tied and no money to spend, last season he did well under the restraints but this season, apart from his constant tinkering and sometimes baffling selections, I have to say he has been the best manager for a long time.
The others were our most successful, though I would opt for Gill Merrick in that category, he won the cup and took us to a European cup final, twice, though I think he was only a player for the first final and the late Johnny Schofield played against Barcelona.
KRO+DNM
not really Dave.Just said that they got on and that Mrs Eck always liked him. Crap interview really.
BCFC statement
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.”
Read more at http://www.bcfc.com/news/article/20140303-statement-carson-yeung-1393430.aspx?#GP8yY0dfGXjTd3Pl.99
Where is this support?
What support has the club had considering BIHL has no other businesses that have an income?
They say “raise further investment”.
Well what investment has the club had, BIHL may have had some investment but i don’t see that the club has seen any of this.
This will have no impact on the club
There will be no firesale
Trouble?What trouble?
Dan,
have you got any media interviews arranged when you return eg Talksport, 5 live,be great to keep
it the national media.
Pierre
I spoke to every single HK newspaper outside the court room.
I was on Sky Sports News this morning. I’ve also done an interview with Al Jazeera English. I have interviews lined up with ITV Central and Tom Ross tonight.
What more do you want from me?
A book?
It’s coming… believe me.
I’ve been working solidly out here – today will be a 20 hour shift in all – and it’s nearly there. So nearly there
I think the intensity will increase of the fans protests at St Andrews following the verdict. Pannu’s statement of seeking further investment is irritating. There is no point for BIH just to drip feed a few quid in here and there to keep things ticking over as the club will keep making losses due to the low gate receipts whilst this regime remains in tact. CY bought the club because he was a genuine football fan and had access to a lot of easy dosh. For goodness sake surely CY will come to his senses and sell up as none of this board/shareholders are interested in BCFC and they certainly are not going to make any money out of it. Pannu and cohorts get out now because you will get a lot more animosity going forward now that the inevitable has happened.
Agree with Faberblue nothing today says BC Plc was bought with laundered money but what it does confirm he is a money launderer. It is the suspicion of ML which the advisers and anyone who worked with him need to consider. Perhaps they had no suspicions at the time and their procedures to agree to work with him can demonstrate they had no reason to be suspicious.
Just saw pp told hkse that the trial verdict wont affect the way bih or any subsidiaries are run so it appears bcfc will still be a money maker for pp and his friends
Can the english FA forceva sell now that Yeung is locked up. Also very sorry to hear about David Murphy
Wouldn’t have thought so.He’s not on the board anymore is he ?
It has nothing to do with the FA, it’s the Football League… and let’s see if they’ll even make a statement.
Well of course we move on to appeals……..hope everyone prepared…….
Mark, nothing about the verdict?
As mentioned before daniel disappointed if I was you l would start on your second book you get a trilogy out this….lol
No doubt there will be appeals.But the judge painted a pretty damning picture of Yeung.
Unfortunately this makes no difference to BCFC. The ghost of Carson Yeung will haunt the club for a while longer.
We can speculate all we want about what could , can happen now.
But more pressing is the rest of the season religation
would be disastrous.
No one is going to buy us then, we need more than anything to stay up.
Dan brilliant work on all this kept me gripped to your posts for weeks.
live Tamworth now but grew up on chelmsley wood and still have family there too.
The Football League are happy with how the club is been run and arrangements till end of season just on Free Radio News, so no issue there.
As predicted the F.L is going to do sweet F.A after reading their statement on “Made In Brum” regarding criminals holding shares in Blues
Great news about CY being found Guilty, I hope he spends long years locked up !! Unfortunately we still have a host of his relatives on the board doing absolutly NOTHING and investing NOTHING as usual into OUR CLUB. And just to remind Pannu !!……IT IS OUR ( THE SUPPORTERS ) club, and not as seems to think …..thats its HIS CLUB !!! His lot are no more than a wayward bunch of uncaring and disgraceful chinese so called businessmen…… This man has no shame nor does Yeung and all his cronies for how they all but RUINED us from top to bottom !!
I still URGE ALL REAL FANS to STOP giving these muppets any money !! That way they WILL BE FORCED TO GET RID OF US !!>
Untill we rid ourselves of this disgusting regime we will always be on the edge of the abyss !!
GET REAL BLUES FANS AND STARVE THESE PEOPLE OUT NOW !!!!
Mike, not sure if you read Dan’s blog on a regular basis, Majority of monies into the club come from sponsorships, advertising and Season ticket sales. All are purchased before the season starts, so any boycott, as been much publicised on here by Dan and a few others will be futile, the best way forward now is to get behind the team, players and manager and earn as many points as possible. Let us show potential buyers that we are a club worth investing in.
Sadly, I don’t think we will be rid of the Asian connection for many years to come as PP is probably instructed to sell or invest only with China mainland companies.
KRO+DNM
Mike, you have made my mind up for em..Tomorrow I am going down to St.Andrews and buying a Ticket for Saturday.
Chas , you are free to do as you so wish !! However as I was a season ticket holder for 47 years I have resolutly decided never to give the club a penny while the chinese are there .
Seems like perhaps some people like to feed the hand that BITES them !! and thats why we will never again be a premiership club or even perhaps a championship club !!
The Carson lovers are very quiet today.
this may have been answered already so i apologise for not reading all of this – what was carsons reaction? did he shout out anything in anger? did he hold his head down shamefully? did he cry? or other…and just dont type the word other lol – i want details – respect for your unbelievable work –
He didnt do anything. He remained impassive
lets get one thing straight pp how does anyone know he does not give a toss??? Has any one heard him mutter F**k that birmingham City club……………………………………………………………………………………………………………………….I did not think so…………shameful words at a man and abuse hoping they scare him stiff-less …………….maybe some more a here better get solicitors..lol
Mark I google translated your post but it did not recognise the language; closest I can come up with is pidjjin English. I think you are saying Carson might be a kind and sensitive bloke who is devastated at losing control over BCFC? You should read a book called ‘Thick Face Black Heart’ by Chin Ning Chu. Less than a tenner on Amazon.