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Birmingham City owner has court appeal dismissed

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Birmingham City owner Carson Yeung has had his official appeal against his five counts of money laundering dismissed, reports Often Partisan.

Yeung has had his appeal dismissed

Yeung has had his appeal dismissed

In a statement that was released at 03:00am UK time, details of the court proceedings were limited but it is understood that Yeung has now been given leave to appeal in the Court of Final Appeal on several different grounds by the judges.

As well as the possible new appeal that could happen, it is reported that there will be another hearing on “Friday May 15th where an outstanding issue with respect to his sentence will be addressed.”

It is understood that Yeung submitted the action to try and get rid of the receivers that were brought into the club.

Since coming into the club, the receivers have secured £13million worth of funding for the coming season and an £880,000 loan from an investment company in China.

As well as securing these things for the championship side, Ernst and Young have also recently announced that they have highlighted their preferred bidder for the company, that is Birmingham International Holdings Limited but no further details have been released.

With the appeal being dismissed by the three members of the court who it was put forward to, this further weakens Yeung’s grip on the club as the receivers look to settle things at the club once and for all.

Since winning the Carling Cup final in 2011, Birmingham City have struggled due to relegation and little financial backing from their disgraced owner, but with these reports coming in, there could be a brighter horizon waiting next season for the Blues under Gary Rowett.


ScoopDragon Football News Network

Article title: Birmingham City owner has court appeal dismissed

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