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facts about carson yeung.html

23 Facts About Carson Yeung

facts about carson yeung.html1.

Carson Yeung Ka Sing is a Hong Kong businessman who, until February 2014, was the president of English football club Birmingham City FC, and chairman and an executive director of Birmingham International Holdings, an investment, entertainment and sportswear firm registered in the Cayman Islands, which owns that club.

2.

Carson Yeung is a director of Universal Energy Resources Holdings and Universal Management Consultancy Ltd.

3.

In March 2014, Yeung was convicted on five counts of money laundering and sentenced to six years' imprisonment.

4.

Carson Yeung is currently serving his sentence after the Hong Kong Court of Final Appeal rejected his final appeal.

5.

Carson Yeung began his investment career making his first fortune in the Hong Kong Real Estate industry.

6.

Carson Yeung tried to recover by investing in penny stocks in 1999 to use shares to cover failed shares.

7.

Carson Yeung was once the head of a Human Resources department at a gas company.

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8.

Carson Yeung was the chairman of Hong Kong First Division outfit Hong Kong Rangers from 2005 to 2006.

9.

Carson Yeung failed to deliver the money for the takeover by the deadline of 30 November 2007 and as a result the takeover bid fell through.

10.

Carson Yeung was held responsible for the club's U-turn on the contract offered to manager Steve Bruce in May 2007, which led to Bruce's decision to resign from the club and move to Wigan Athletic FC of November that year.

11.

Carson Yeung's Hong Kong-listed Grandtop International already had a 29.9 percent stake in the club.

12.

On 6 October 2009, Carson Yeung completed his protracted takeover of Birmingham City FC At the time, it was claimed some of his appointees have had run-ins with the law.

13.

Carson Yeung stepped down from all club-related positions, including those of football club president, football club PLC chairman, and holding company chairman and director, in February 2014.

14.

Carson Yeung has been a real estate investor in Chongqing, Liaoning and Inner Mongolia.

15.

Carson Yeung ran into debt in a number of sectors owing millions to HSBC, and many others.

16.

Carson Yeung had to borrow large amounts of money and put his luxury home up for sale at Mid-levels.

17.

On 4 June 2012, the High Court ordered Carson Yeung Ka-sing to vacate and hand over a HK$300 million mansion on Barker Road to Wing Hang Bank within 56 days after he failed to repay a loan of HK$50 million.

18.

On 29 June 2011, Carson Yeung was arrested at his home in Hong Kong in connection with alleged money laundering.

19.

Carson Yeung was supposed to travel on 14 September 2011 to attend to his duties at Birmingham City football club.

20.

Carson Yeung's trial opened in May 2013 and lasted until March 2014, when he was found guilty on five counts of money laundering a total of HK$720 million and was sentenced to six years' imprisonment.

21.

The trial judge, Douglas Yau, commented that Carson Yeung was "not a witness of truth", and that his sentence included a necessary element of deterrence.

22.

On 14 August 2015, the Hong Kong Court of Final Appeal granted Carson Yeung leave to appeal his conviction and released him on HK$7 million bail and cash surety of HK$6 million.

23.

Carson Yeung was ordered to surrender his travel documents and not to leave Hong Kong.