The club, which as recently as 2011 were a member of the Premier League, is owned by Birmingham International Holdings, an organisation that up until six weeks ago was actively listed on the Hong Kong Stock Exchange.
Birmingham City FC was part-bought by Hong Kong-based businessman Carson Yeung in 2007, but has since encountered difficulty and slipped down to the Championship football division. An audit for the year to date 30 June 2014 did not identify the missing amount of money, with a statement from the board declaring it is “concerned” about the situation. Additionally, the board will now consider setting up an investigation committee to examine further the “misappropriation”. Hong Kong police have also been brought into the situation and are investigating. In March 2014 Yeung was found guilty of money laundering by Hong Kong authorities and is currently serving a six-year jail term. That sentence was predated a month earlier by his resignation as president of Birmingham City FC, director of Birmingham City plc and director and chairman of Birmingham International Holdings. Read more about football and business:- How Swansea City FC runs itself profitably
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