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Carson Court Case to go Ahead as Scheduled
Carson Yeung was in court this morning for the pre-trial hearing before his main criminal case scheduled to start April 29.
It’s been confirmed that the court case will start on that date despite various attempts in the last few weeks by Carson and his legal team to get the trial moved to the High Court. The trial is expected to last twenty-five days and the prosecution have confirmed that they will call bank staff and accounting experts as witnesses.
Birmingham International Holdings have also confirmed to the Hong Kong Stock Exchange that the interim results to December 2012 are likely to show a loss. These results are to be discussed at a board meeting to be held on Friday and will be released imminently after that. These accounts are unaudited but will give new information as they are for a period after the last BCFC accounts have been filed.
Tags: BIH, Carson Yeung, HKSE, The Trial
71 Responses to “Carson Court Case to go Ahead as Scheduled”
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But BIHL. Have released a profit Warning to the stock exchange so wouldn’t they have to release one that says about loss of money ?
Tommy.
What do you think a profit warning means?
D Day looms for Carson; this could be a tad messy…….
Al – have you got your flight booked out to HK then to button-hole the directors on the way in and out of the meeting? There’s one leaving on Thursday morning from Birmingham for £730 via Amsterdam and Beijing.
Unfortunately not mate
the sooner the better for me. lets get him out of there, found guilty
and gone for ever from our club.
look forward to that day very very soon, KRO.
Or found not guilty and back in the hot seat for next season, it’s not beyond the realms.
It’s my belief he’s going down.
Almajir, If he does get a custodial sentence and gets convicted for money laundering as opposed to tax evasion, what do you reckon will happen to his stake in Blues?? Even though the charges relate to before he bought BCFC, will the HK authorities attempt to seize his assets over here as well?? I have always been of the opinion that he might try to claim “lazy accounting” as a defence mechanism and that his businesses – hotels and casinos – dealt with large amounts of hard cash, and that he would accept a fine or penalty based on the taxes he missed. What is worrying is how badly the HK govt want payback and is there any precedence for them going for overseas assets?? That could get messy and drawn-out I reckon.
If he gets convicted he fails the Owners and Directors test and thus must divest his stake in Blues and remove himself from the board of the club and the parent company.
There is always the possibilty that even though he has been “forced” to give-up his stake and positions, will he still attempt to retain control by proxy?? I suppose it depends on his mindset and how desperate he feels or becomes.
No, he can’t do that either cos of the shadow director rules although that is harder to prove
Thank you for the clarification. Perhaps change really is in sight then…
According to Colin Taum,the prosecution has over 4,000 pages of evidence against Yeung, if that’s not enough to convict him, there may be a problem with the Hong Kong justice system. If Yeung or any of his cronies, are still in charge at St.Andrews next season, there could be more than a few bluenoses,who will not renew their season tickets.
I’ll be renewing mine regardless. I am a Blues fan 1st and will always support the club.
Hear, hear mate. Me too.
I’ll moan, whinge, kick and scream, swear never to set foot in the ground again and then I’ll renew mine!
If the case against CY goes ahead as scheduled and lasts the full 25 days, then we are talking June at the earliest for a judgment. CY really needs to show his hand before then as regards to his plans for the club, we really cannot adopt a “wait and see” policy – the club needs to know where it stands so that we can at least try and plan for the following season. Trying to play catch-up 2-3 months into summer will not bode well, and we’ll suffer for it if nothing is forthcoming from the powers that be. The accounts will more than likely show nothing new that we do not know about – especially as they are unaudited and how much faith do we really put into them given previous precedents?? We really need to know where we stand and only CY/BIHL can truly answer that. Here’s to an interesting summer down St Andrew’s way…
Whatever happend to justice – everyone innocent until proven guilty? I just hope the truth comes out and is made clear, because one thing I’m sure about is that no one over here has a clue about what CY really has done.
What we all hope for is a prompt resolution so we’ll know what direction the club has to go in. If he’s innocent then let’s get him cleared and back over here investing millions into the club, or at least selling to someone who can.
Roger;, I agree in full mate. Either the COURT finds him guilty, Then passes an appropriate sentence,!!. Or, — he is cleared, so then free to re-invest in us, or again, — sell us, !!.
I’ve thought all along that he’ll walk
I know everybody on here thinks I’m never wrong but that’s not true.
He may well be convicted.
dont upset me bradley please ime having such a nice day.
the thought of him being there next season scares me and
i thought he might walk, but the only place here be walking
to his a prison cell.
its dragged on to long and hopefully all the evidence the
prosecution has gathered in that time will put him away
and out of our club for ever and ever and ever………….
lets all prey.GUILTY PLEASE.KRO.
I’ll just be glad to have it all over. Guilty or not guilty, we’ll be in a much better position come June.
to right mac, already looking towards next season.KRO.
even if hes found not guilty, where the hell is all these millions
gonna come from to re invest in blues.
hes skint and gotta sell up whatever thank god.
ps hes never really had the money in the first place did he
otherwise he wouldnt have borrowed it .KRO.
What Millions are you on about , Dave ?We dont know if he is really skint as his Assets are frozen…But one thing IS guaranteed, if someone else takes us over , it wont belong before the ‘Fans’ turn on him if thngs dont work out perfect from the start.
trial has not even started yet.
I think there should be a St. Andrews Kangaroo Court with Yeung sat in the centre circle. All those fans in his defence can sit in the Gill Merrick (probably the lowest away attendance on record) and all those hoping for him to be found guilty pack the rest of teh stadium out (Biggest attendance of the season for sure).
If found guilty he sould be put to the chair wearing a Villa top!!
An innocent man doesn’t delay his trial by 2 years. Just a thought….
James…or be under house arrest for this amount of time and not be able to leave the country for his own father’s funeral?
Any one on here that is wrongly accused of a crime would want to go to court as soon as possible to clear their good name and rescue their ailing business intetrests and resurect their tarnished family name – This man has used every possible means to avoid going into that box ENOUGH SAID !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I think he will get sent down, but I wonder if there will be any personal ramifications as a result of the trial for PP as the two of them go back a long way.
i wasnt going on about any millions chas, i was asking wheres
carson suddenley gonna find any more to carry on as owner.
any new owner who comes in will be a god send compared
to him, so he will get a decent shot at it.
all true fans will give them a chance because they know
the score as far as the team goes.KRO.
He has got money tho, dave,.. It is just frozen…and if he gets off, he will be able to borrow loads more from his ‘friends’…
Chas … don’t be so sure about that
tamuffblue BANG ON . KRO.
Fear not Ladies & Gents. On Friday I’ll be winning the Euro Millions so all will be taken care of.
Jokes aside I have actually put together in my head a plan of how I’d purchase the club and turn it into a financially (and football) successful fan owned community club along the AFC Wimbledon model ensuring competitive ST prices, community buy-in and long term sustainability and growth.
All I need now is Carson to go down and my numbers to come up!
Need an MD? I’ll nip and get some scratch cards! ;-)
This case will drag on and on. I can’t see a quick resolution.
If found guilty can Carson give his shares to Ryan Yeung who I believe is a director of the club?
we take the mikey as fans but what must others be thinking.
how good was gold and sullivan, and we had a go at them.
lets get real! KRO.
Gold and Sullivan were the best businessmen in football. They walked in for 700k and walked out with 80 million!
I have a two-part question for Mr Almajir (or anyone that could provide an answer.)
I don’t have a clue where finance, etc, is concerned, I can barely eke out the little poket money my wife allows me each week. :-D I’m sorry if it sounds like a stupid question, but as I said, I know zilch about these kind of things.
Anyway, what I would like to know is; With Carson Yoeung’s assets being frozen, does all the money etc stay in his bank accounts, or is it all moved to some government holding dept?
The reason I ask, is the second part of my question: if the money IS kept in his bank accounts, does it accrue interest, or is that frozen too?
If it does, will he be sitting on a nice little profit if he’s found innocent and released?
Thank you for your time.
With Carson Yoeung’s assets being frozen, does all the money etc stay in his bank accounts, or is it all moved to some government holding dept?
It remains in his bank account until it’s released or confiscated.
The reason I ask, is the second part of my question: if the money IS kept in his bank accounts, does it accrue interest, or is that frozen too?
I should imagine it would but I’m not sure
If it does, will he be sitting on a nice little profit if he’s found innocent and released?
Unfortunately, I can’t see him being found innocent. Furthermore… he didn’t have that much in the bank
Unfortunately, I can’t see him being found innocent. Furthermore… he didn’t have that much in the bank
That has always been a bit of a puzzle. CY gets charged for £60m moving through his accounts, spends about £40m of his own money on Blues but yet is allegedly short of cash?!?
Maybe that will be his achilles heel if he did not have the money and merely ‘moved’ it through and this is proved by the prosecution. But with extensive property interests – in HK and China, not to mention the great piece of work you did in uncovering CY’s mansion in London worth circa £5m (albeit its shared with a business partner), he has probably hit the buffers due to making bad business decisions and not being able to dispose of some of his property portfolio in an orderly fashion. I recall how he had extensive land holdings on mainland China which he could not dispose of in order to raise capital when he needed it about three years ago.
Karren Brady has taken great delight in saying (numerous times) how by selling Blues for £82m proves that it is not only players and agents who make mega-bucks in football.
In all honesty CY’s business model was badly flawed to begin with and how I bet he is now wishing some crazy inventor could create a time-travelling machine to help him sort his ills.
I would still say that his intentions were good when he bought Blues and he had decent hopes for us and himself, shit just ain’t come to fruition for many a reason.
When Accounts are frozen, nothing goes in and nothing comes out so therefore does not acrue interest until un frozen. I have been down this route where an account had to be frozen
Thank you for you rapid answer. Much appreciated.
as ive ben saying all along, the guys got nothing to offer even if hes
found not guilty, and that aint gonna happen, is wealth is pitence in
todays football terms.
if the unthinkable happens we should all get together and get rid of
him by massive protest.
were better off without him than with him.KRO.
I can’t wait for this too happen as we can have our day in the sun when it’s all over hopefully…..
He might plead guilty before hearing?
I can’t see him doing that but you never know
I have real concerns if this is the end of yeung and BCFC. If he gets off, he is the boss again and may, or may not sell us. If he doesn’t, can /will he invest? If he does, it may still take ages as he will have the time to try for his asking price as he won’t have the financial pressure to do so.
If he goes down, it’s about what the HK government do with his assets (overseas at least). If they seize them, they will want to free up the cash pretty quickly and sell to someone for a reasonable price. They might manage us to increase our worth (but I doubt it). If they don’t seize them, then yes, there is every chance the club might go to his son (how old is he again?) to keep us going till he gets out of the nick or can flog us.
Of all of those options, I don’t see any of them being very quick or good for us apart for them seizing and selling us cheap and quick.
You idea of the fans buying the club is the way forward. Get the council to help (like Portsmouth) if your lottery idea doesn’t come to fruition.
What if & I think it’s not a big if,in these 33 boxes of evidence against c`y,one or two of the 3`000 pages of documents,spell out that BLUES was bought with dirty money.What happens to BIRMINGHAM CITY FOOTBALL CLUB ??
Almajir if you want a laff visit made in brum site, OP gets a mention there. together with some nonsensical song
If Carson is found guilty then its foolish of him to commit the crime because not only will he be finished but he put the football club at great risk. The latter wasn’t his intention, he wanted the best for Birmingham and proved this by loaning the club millions out of his own pocket. Yes, if found guilty, his foolishness has cost him and Birmingham City.
If there is one thing I have learned about this regime is nothing ever gets sorted out quickly with regards to the sale of the club. I suppose we are in a catch 22 – if you were interested in buying the club, wouldnt you wait to see if CY is found guilty or not first?
In the meantime, Blues and LC will operate as they have done the last 2 seasons i.e. pretty much cutting our cloth accordingly and being self sufficient. This is not a bad thing really in the long run. But its the last parachute pyt this year and this is cut in half.
So we will be taking on the young guns and releasing senior pros this year. In fact LC has already signed up a number of academy players and it looks like he wants to keep Wade next year as well.
Remember Al you have no formal legal training especially in HK law.
Strange how the one bloke we all know who does ie Pannu just happens to be over there again same as he was for the first one.
On club business though, oh yes.
Or BIHL business. Don’t forget he’s MD, Chief Exec, CEO and head honcho of that outfit.
Also, it’s worth noting Pannu hasn’t been seen anywhere near court with Carson, ever.
It’s all in the timing Dan, you can work on someone’s case and advise em without turning up in court, and stop being pedantic cos you know as well as I do that BIH business IS Blues business.
a) Maybe it’s pedanticism, but based on what I know of Pannu’s legal career I’d want a slightly better lawyer advising me.
b) Do you know for a fact that BIH business is all BCFC business? I mean, there’s been a lot of stuff going on at BIH of late relating to sorting out corporate governance and what not, restructuring debts…
All I’m saying is Paul … and you acknowledged this earlier … there is a teensy tiny probability you may not be right.
Sorry but lol “there is a teensy tiny probability you may not be right.”
To err is human Dan but the probability is high that I am right, like all conjecture though there is also a probability that I am wrong.
The quicker these two lowlife, lying cheats are out of my club the better, I don’t care if he is innocent they can hang him for all I care, and as for his slimy two faced overpaid shitbag accomplice Pannu can go f-c himself
We want our football club back
The day of reckoning draws closer thank God
Read that back for a second.
Do you really mean that?
Would you really kill someone because you didn’t like them, because of a perceived slight? Really?
No of course I wouldn’t,
I was quite angry when I wrote it. I just want our club back Dan its hurting mate and I want it over with.
I apologize for over reaction
No problem mate, I know feelings are high and if the truth be known the sale can’t come soon enough for me either.
Could not agree more, They are motivated by their own pockets give not a peneth of thought to us the fans.
Pannu is not suited to football and his media approach is terrible, I only wish Tom Ross would have pinned him down alot more a few months ago.
Pannu OUT, Yeung OUT.
Now here is a thought…..what if the courts declare that Sullivan and Gold were paid with dirty money?? LOL LOL LOL – KRO!
To go with money they’ve earned from dirty books and dirty toys.
come back ken wheldon – all is forgiven !! lets hope we get local business interest if we are sold and not pure profit driven foreign investment chasing the premier dream ??
Is that a Joke ? Wheldon was terrible for Blues..Ask where the Elmdon training Ground Money went..Ye Gods , there have been some daft comments on here , but this wins.
I worry we might dace a 10 point deduction and go through administration if Yeung goes down and when our money runs out end of this season?
Sell you horrible owners.
Sullivan, Gold and Brady were fabulous business people and in the end they just got fed up but lets not get on their cases as lets face it doubling the sale price is a shrewd move!!
They did alot for our club, Not like this muppet we have now.
Keep Right On!