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| Carson Yeung discussion; Please read before starting new thread | |
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| Tweet Topic Started: Jun 29 2011, 04:32 PM (8,184 Views) | |
| lowdham bluenose | Jun 30 2011, 05:48 AM Post #151 |
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Joe Bradford
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Ah, something to cheer me up. :drink: :dancer: :ball: :lager: |
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| lowdham bluenose | Jun 30 2011, 05:55 AM Post #152 |
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Joe Bradford
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Bluebel, your opinions and critique of Yeung is up there rivaling mine of McLeish. **thumbup well done |
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| lowdham bluenose | Jun 30 2011, 05:58 AM Post #153 |
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Joe Bradford
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TalkSport reported that, but I didn't want to post it..............Brazil probably thinks it's something to do with a farm. |
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| lowdham bluenose | Jun 30 2011, 06:06 AM Post #154 |
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Joe Bradford
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:LMAO: |
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| thetoot | Jun 30 2011, 06:27 AM Post #155 |
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Frank Worthington
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Wrong place, wrong time...like Carson! :P |
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| Trueblood | Jun 30 2011, 06:37 AM Post #156 |
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Kenny Burns
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New Reuters reports with some new facts about Carsons bail conditions and his wealth If the report is right that makes him worth about £150 million Uk pounds (If his wealth includes what he paid for Birmingham seems over 50% of it was used to purchase Blues) Sounds like they have taken his passport off him and he has to report 3 times a week as part of his bail conditions, so he won't be over here anytime soon. So it will be up to Mr Pannu to steady the ship over here Reuters[/URL Jun 30 (Reuters) - Hong Kong hairdresser-turned-tycoon Carson Yeung, who hit the headlines when he bought English soccer club Birmingham city two years ago, is in the news again -- this time being charged in a Hong Kong district court for money laundering. The 51-year-old businessman, who having spent time in Britain as a teenager started off on the road to riches as a hairdresser in Hong Kong's bustling Tsim Sha Tsui shopping belt, was held overnight in police custody. On Thursday, he was charged with five counts of "dealing with property known or believed to represent proceeds of an indictable offence" totalling some HK$721 million ($92.6 million), according to a statement by the Hong Kong magistrate court. Yeung showed up in court on Thursday morning in a dark suit and peach-coloured shirt and was ordered to have his passport confiscated. He was released on bail of HK$7 million, with HK$4 million from himself and the remaining split between two of his associates . The tycoon remained silent throughout his court appearance and spoke only once to request that he be allowed to present himself at a particular police station in Central district when the court ordered him to report to police three times a week. The magnate turned heads in 2009 when he put down HK$1.2 billion to become Birmingham's single-largest shareholder. The following year he was seen standing alongside senior Communist Party officials during a friendly between Birmingham and a Chinese team in Beijing's "birds nest" stadium. During the Birmingham buyout, Yeung famously said he wanted to turn the English club into "a Chinese-English soccer club". Yeung showed his business acumen early on when he opened his own hair salon in 1994, but had his fingers burnt when Hong Kong's property boom went bust three years later, soon after he had invested in two apartments and nearly a dozen parking lots. Yeung was undeterred, however, and struck his first big pot of gold when he teamed up in 2004 with Ng Man Sun, the founder of Macau's Greek Mythology luxury casino, to bet on Macau casino stocks. Yeung, whose wealth is estimated at HK$1.86 billion, is now also a major shareholder and chairman of Sing Pao daily news - a Chinese-language Hong Kong newspaper he saved with a HK$60 million bailout loan in 2008 when it ran into financial difficulty. Seen as a "very generous person" by acquaintances, Yeung lives with his partner and two children in a 6,000 square-foot mansion in Hong Kong's rarefied Peak district. Among his fleet of cars is a HK$6 million Maybach. ($1 = HK$7.783) (Reporting by Donny Kwok and Kelvin Soh; Writing by Tan Ee Lyn; Editing by Ossian Shine; To comment on this story email sportsfeedback@thomsonreuters.com)] |
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| PartisanBCFC | Jun 30 2011, 06:47 AM Post #157 |
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Jack Wiseman
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http://www.skysports.com/story/0,19528,11694_7010809,00.html Looks like tax evasion according to CY's lawyer and Sky Al Capone went to Alcatraz for that you know :silence: |
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| fatlad | Jun 30 2011, 06:50 AM Post #158 |
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Malcom Page
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IF carson Yeung gets sent down for Money Laundering does he still own the club silly question i know but curious as to what would haven to the club if he was serving time. all hypothetical questions peeps |
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| PartisanBCFC | Jun 30 2011, 06:51 AM Post #159 |
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Jack Wiseman
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Marlon King might be an expert on that matter :silence: |
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| Prawnman | Jun 30 2011, 07:09 AM Post #160 |
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Paul Tait
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One thing for sure, if China didn't know about us they sure do now! This could be the worlds greatest PR stunt! :LOL: |
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| onlybluesandhorses | Jun 30 2011, 07:27 AM Post #161 |
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Peter Enckelman
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Have been checking the legal stuff on this, and seems if he is found guilty and charged, even though not all this is connected with Birmingham City FC, the club will not be able to be sold while charges are made. Also a transfer embargo can be inforced This looks very bad for the club, no matter what Pannu says in his statement that this will not effect the club, as it will due to yeung being the owner. Very bad times ahead I fear |
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| Prawnman | Jun 30 2011, 07:29 AM Post #162 |
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Paul Tait
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Well we better buy a load of players today then. |
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| Trueblood | Jun 30 2011, 07:37 AM Post #163 |
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Kenny Burns
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Does a transfer embargo affect buying of players only, or the selling as well? If both we could have a stronger team for this season then? |
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| lowdham bluenose | Jun 30 2011, 07:38 AM Post #164 |
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Joe Bradford
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Lets have the court case today to fiond him guilty................that will **** on Gardner's chips and his move to Sunderland. |
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| Prawnman | Jun 30 2011, 07:45 AM Post #165 |
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Paul Tait
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I can see Johnson's agent on the phone to Wolves in a panic as we speak. |
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| jassyblue80 | Jun 30 2011, 08:04 AM Post #166 |
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Trevor Francis
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my dad is away at the moment and can only get bbc world news and eusro sport news, and he has said there is nothing being reported on either!! |
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| Prawnman | Jun 30 2011, 08:08 AM Post #167 |
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Paul Tait
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Maybe not then! :LMAO: Gord we are useless at everything! |
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| Prawnman | Jun 30 2011, 08:18 AM Post #168 |
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Paul Tait
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Hong Kong-listed Birmingham International Holdings is operating normally, and the charges against Yeung are a “personal issue,” Vico Hui, chief executive officer of the company, told reporters in Hong Kong today. http://www.bloomberg.com/news/2011-06-29/b...-club-says.html |
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| onlybluesandhorses | Jun 30 2011, 08:28 AM Post #169 |
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Peter Enckelman
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Players can be sold But the club itself will not be able to take in any players, this of course if he he found guilty This will include free tranfers. and loans that require the club paying the players wages |
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| beegeeblueboy | Jun 30 2011, 08:37 AM Post #170 |
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Bob Latchford
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The 'fit and proper' test is not perpetual so you cannot be 'unfit', I believe. |
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| beegeeblueboy | Jun 30 2011, 08:39 AM Post #171 |
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Bob Latchford
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CY is not the owner |
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| homerpaul | Jun 30 2011, 08:50 AM Post #172 |
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Paul Devlin
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please remember, he does not own the club, bih own the club, carson does not own bih, he is only the largest shareholder with 26%, so even if he was jailed it would not have an effect on the club as his asset is not the club it is the 26% of bih which would either sold or controlled by the state so the fine, if there was one, could be paid. |
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| bluebirdy | Jun 30 2011, 08:54 AM Post #173 |
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birdyblue
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Still think people are over reacting then parti?... if your absolutely calm with everything going on then I'm amazed During this farce we need someone to come forward from the club and make some calming statement but unfortunately even Pannu won't put his name to an 'he's innocent' statement This speaks volumes about Pannu's full knowledge of Yeungs wheeling and dealings That scares me Kro |
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| NO1BLUENOSE | Jun 30 2011, 08:55 AM Post #174 |
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Peter Enckelman
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I didn't even think he owned that much anymore. Isn't it less than 10% now? |
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| Des | Jun 30 2011, 09:00 AM Post #175 |
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Malcom Page
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When sully and Karen were under investigation, no charges were ever brought. This seems totally different, once charged a court case has to take place to decide guilt! I would expect an FA statement within days! KRO |
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8:43 AM Jul 11