Home > Sport > Football
Wednesday February 5, 2014 MYT 12:57:02 AM
Wednesday February 5, 2014 MYT 12:57:14 AM
(Reuters) - Birmingham City owner Carson Yeung has stepped down as chairman and executive director of the club's holding company, Birmingham International Holdings Limited.
The announcement was made by BIHL in a statement to the Kong Kong stock exchange on Tuesday.
Yeung, the 53-year-old Hong Kong businessman who has owned the Championship (second tier) club since 2009, is awaiting the verdict, due later this month, of a money laundering trial in Hong Kong, an offence he denies.
"Mr Yeung, with his foresight, aspiration and clairvoyance, has steered the board successfully through landmark projects such as the acquisition of Birmingham City Football Club, for which the board is profoundly indebted," BIHL said in its statement.
"Mr Yeung unequivocally confirms that he has no disagreement with the board and that there are no other matters relating to his resignation that are required to be brought to the attention of the shareholders of the company."
Birmingham are 18th in the Championship, six points clear of the relegation zone, and face fellow strugglers Charlton Athletic on Saturday.
They won the English League Cup in 2011 - beating Arsenal at Wembley - but were relegated from the Premier League in the same season.
(Reporting by Michael Hann, editing by Stephen Wood)
South Korea give Cha winning send-off
More even split of Champions League funds to come
Argentina unlikely to risk Messi on Tuesday
Nestlé rewards consumers with biggest promotion ever
The great South Australian adventure
Living away from Malaysia can trigger a lot of different longings
Singer-songwriter Joni Mitchell hospitalised
Spartan: Internet Explorer's successor revealed
India's police seek cow 'mugshots' to enforce beef ban
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)