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)
Soccer-Ronaldo handed two-match ban for kicking opponent
Time to oust Blatter and modernise FIFA says Van Praag
FA slap fine on Mourinho for referee comments
Chelsea's Costa charged over alleged semi-final stamp
Plenty of great fun and adventure pursuits in Adelaide
Healthy living in the heart of Ampang
Remembering the Holocaust - in pictures
Nokia beats profit forecasts, lifted by N. America sales
RM1.8 mil allocation to repair rusty railings at PPR flats
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)