Often Partisan

Bad Week for Carson

It’s not been the best of weeks for Carson Yeung really. Appeal dismissed, prison sentence remaining the same and sued for HK$20.5million as well; I can imagine the former hairdresser has had better times of it.

However, contrary to the way it seems at times this website is about Birmingham City rather than the life and times of a convicted money launderer and I think it’s important to discuss the impact that this week’s events will have on the club at large.

The short answer, realistically, is none. With his powerbase removed from BIH by the appointment of the Receivers it’s difficult for him to do anything with the holding company and by extension his thrall over the football club has long since expired.

However, it does affect the long term future of the club as Carson remains one of the stumbling blocks with respect to the sale process. Contacts in HK have stated that Carson remains firmly opposed to any sale of the club or dilution of his shareholding in BIH – something I think we’ve all come to realise over the months and years. The issue for Carson though is that while his will his strong, his wallet isn’t.

Take Friday as an example. His solicitor admitted that they should have abandoned that hearing as without a ground of appeal confirmed there was no chance of his sentence being reduced – and as such the hearing was pointless. Unfortunately, they didn’t do that – and costs were awarded to the prosecution which means Carson has to cough up another HK$150k or so (about £12,300) for a procedural error.

His appeal hearing on Wednesday was intriguing as Carson was unrepresented by counsel in court, having just his solicitor Michael Bough representing him. Now, it easily could be that his counsel were all busy on other cases and the 24 hours notice caught them on the hop – but it’s not beyond the realms of possibility either that Carson just couldn’t afford to have someone in court for him for that hearing.

The lack of bail application is interesting as well as Carson potentially could have got it on Friday due to the fact he’s got automatic leave to appeal to the Court of Final Appeal. Was his lack of application because his legal team have decided to go straight to the CFA to do so (as they feel they’ll get a more favourable response), or because he can’t afford it right now?

If it’s true and there is a cash squeeze on, Carson is going to be in a more difficult position to face off against EY in court – lawyers and advocates require paying after all. If he can’t raise the funds, he loses by default – and EY’s attempts to release Carson’s grip on the holding company and the club strengthen further.

There is also the possibility that further recriminations surrounding EY’s investigation of the books could come into the public domain – which of course would require more effort and money to be fought in court.

In short, while it seems like Carson’s willingness to go to court has been annoying to us all it could be his eventual undoing. If there is a cash squeeze on then without access to a certifiably clean route of funding Carson could be all out of fight – and that could pave the way for change.

As always, this is based on observations of current events and on talking to contacts in HK and as such I can’t prove anything with links – and as such it has to be treated sceptically as all speculation should be. That being said, there is hope that the light is growing brighter at the end of the tunnel.

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20 Responses to “Bad Week for Carson”

  • Mickey07 says:

    He will always find the dough dan off some of his dodgy mates,we’ve being going round in circles for 3 years now I will believe it when I see it regarding his grip on the club.hes like a turd that will not flush.

  • Kazakblue says:

    Oh what a shame for poor Carson (Not)

    He can always resort to selling the flowers in Stanley Market that he can grow in the gardens of Stanley Jail, might make a bit of loose change, well thats if the sneaky foreign devils don’t bargain him down in price :))

    On the other hand, Pollyanna may help with another loan at extortionate interest rates !!!

  • rhees says:

    I would like to say what comes around goes around but with Carson I doubt it, as dodgy as he is he come up with something.
    But I do get a sneaky gut feeling that things are happening for the better (or is it wishful thinking).
    Thanks again Dan any news on this Trillion company yet ?

  • ChrisG says:

    If CY goes to the CFA & wins, will he be able to sue for false imprisonment?. If he can maybe that’s what is keeping him going especially considering the amount of time he would have done by the time the final vedict is given

  • Brian king says:

    I think you make a good point about CY and just how much money he has. I remember something about houses in London and other funds he may have hidden away all over the world, but can he get at it and just how badly dose he still want to keep Blues and at what price.

    Sent from my iPad

  • Dave mann says:

    A bad week for Carson ??.. It’s been a nightmare 4 years for the rest of us !! .. Oh how I feel so sorry for mr yeung and is prolonged hold on our football club .. Anyone got a noose ! Kro

  • DoctorD says:

    I wonder what is going through Carson’s mind as he sits in prison. It must be hard to make sound judgements when you have only yourself and brief visits with lawyers. You must at some point start to lose contact with what’s really going on in the outside world. I’ve never been in prison, but I’m sure you would do anything — anything — to get out even if it’s not in the best interests of the others, in this case the club.

  • I just don’t get why Carson is so fanatically minded about keeping bcfc in a financial sense unless he is thinking of getting promotion and then to cut and run , or has the £150 million bonus attracting him to be used to expand the planned bih empire whilst bcfc carry on as they are working on a shoestring strand , I really think that the rights of owners should be protected , but also the fans rights , if they do not like the way the owner is running the club , And I think the January window should be closed because in some cases season tickets are bought in summer on the strength of the team they had then only for the owners to sell half the team in January ,which in my opinion is taking money under false pretences .

  • raymondo says:

    I understand why Carson has struggled so hard but I have this sneaky feeling that E & Y are going to find conclusive evidence to support CY’s conviction of money laundering and then he’s finished. Maybe Pannu’ may have been involved also but I’m not saying he was. Could be all our Chistmas’s will come at once. Time the twists and turns in this affair started showing positive results on our side! KRO

    • StaffsBlue says:

      Don’t those charges relate to a time before he owned BCFC? And wasn’t BIHL formerly Grandtop? If so, would they find any evidence relating to the charges he was convicted of at BIHL? Colour me confused. :-/

  • bluenoseneil says:

    I think we are witnessing the true beginning of the end.

    It would appear Carson – despite Blue Lizard’s misplaced and naive assertions about buggery being the only thing on his mind – is waking up in prison on a daily basis firmly of the belief he still has something up his (ever shortening) sleeve to wriggle his way out of trouble, and the delightful part is the thing that can help him – money – is either being withheld legally due to his predicament or being spent on the very Lawyers that are telling him he CAN wriggle out of it.

    This is a self-fulfilling prophecy which has a single outcome: Carson continuing to do porridge, E&Y being given the breathing space to sort out the sale (albeit BIH and then by proxy, BCFC) and a brighter future for all but our hairdresser friend.

    As for next season, don’t expect fireworks unless they are the ones you used to get as a kid that were called the Intergalactic Thunder Blaster…. And when you lit it, it behaved like a canary farting. We don’t have the money or the muscle to attract true quality or keep the emerging talent that warrants a Top 6 push, so expect 9th or 10th again.

    HOWEVER, I am happy to be surprised.

    Both on and off the pitch….

    • Blue Lizard says:

      FFS ..aren’t you a barrel of laughs? If you honestly think that is what I assume carson really thinks each day then best you go light yourself another Intergalactic Thunder Blaster

      • bluenoseneil says:

        I just thought it was cheap and slightly ignorant to assume all prison inmates are either friends of Dorothy or have taken a fancy to Carson enough to go to third base without buying him dinner first.

        Just not a fan of red-top newspaper thinking, that’s all. OP is a better class of site, so let’s keep it that way eh?

  • JB from Oz says:

    What a shemozzle everything is?
    I wonder if anyone running this site has contacted the Football League and asked them on what basis the fit and proper test rule was applied considering all the nonsense that has occured and is also going on right now.
    Send them copies of “HAIRCUTS & LEAGUE CUPS and ask them to read it and then justify on what basis Carson was approved.
    I’ve always known that CARSON will never sell the Club unless forced to.It was his dream to own a Premiership club….in fact any club as borne out by his attempts to buy Reading & Sheff Wednesday.
    If in fact if this is some sort of end game and we end up with other Chinese owners then god help us.
    Back to the Football League again with their expert analysis of potential buyers.
    I can’t for the life of me work out why a lot of fans on this site are so optimistic about next season.
    We seem to have a very competent manager who has no money to play with.
    This so called end game could take years to solve and meantime all you local fans will suffer.

  • Trevor Honnor says:

    It sounds to me like over this past year or so, whilst he has been locked up, every one of his legal advisors has told him “you should appeal, appeal and appeal again”. Then a little later have said to him “now you need to pay pay pay”. Essentially bleeding Carson dry. They saw him coming from miles away.

    “A fool and his money are soon parted”

  • bluenose08 says:

    in all the reports we have had over the last few weeks there has been no mention of peter pannu so does anyone know what he is up to ? has he finally give up on getting compensation.

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