{{Family name hatnote|Yeung|Carson Yeung|Yeung Ka Sing |lang=Hong Kong}} {{Short description|Hong Kong businessman (born 1960)}} {{Use British English|date=October 2015}} {{Use dmy dates|date=March 2020}} {{stack begin}} {{Infobox person |name=Carson Yeung<br />{{linktext|楊|家|誠}} |birth_name=Carson Yeung Ka Sing |image=carsonyeung.png |caption= Yeung in 2010 |birth_date={{Birth date and age|1960|02|27|df=y}} |occupation=Businessman |years_active=1990s–present |title = President, Birmingham City F.C. (2007–14) }} {{Infobox Chinese |title=Carson Yeung |collapse=yes |s=杨家诚 |t=楊家誠 |showflag=jp |p=Yáng Jiāchéng |myr=Yáng Jyāchéng |j=Joeng<sup>4</sup> Gaa<sup>1</sup> Sing<sup>4</sup> |y=Yeùhng Gāa Sìhng |w=Yang Chia-ch'eng |mi= {{IPAc-cmn|yang|2|-|j|ia|1|ch|eng|2}} |ci={{IPA|yue|jœ̏ːŋ káːsɪ̏ŋ|}} }} {{stack end}} '''Carson Yeung Ka Sing''' ({{lang-zh|c=楊家誠}}; born 27 February 1960)<ref>Tattum, Colin (24 February 2011). [http://www.birminghammail.net/birmingham-sport/birmingham-city-fc/birmingham-city-fc-news/2011/02/24/alex-mcleish-plans-birmingham-city-birthday-treat-for-carson-yeung-97319-28225016/ Alex McLeish plans Birmingham City birthday treat for Carson Yeung], ''Birmingham Mail''. Accessed 28 February 2011.</ref> is a Hong Kong businessman who, until February 2014, was the president of English football club Birmingham City F.C., and chairman and an executive director of Birmingham International Holdings (previously Grandtop International Holdings), an investment, entertainment and sportswear firm registered in the Cayman Islands,<ref name="AR">[http://202.66.146.82/listco/hk/birminghamint/annual/2009/ar2009.pdf Grandtop International Holdings 2009 annual report] {{Webarchive|url=https://web.archive.org/web/20161116111123/http://202.66.146.82/listco/hk/birminghamint/annual/2009/ar2009.pdf |date=16 November 2016 }}. Accessed 16 November 2016.</ref> which owns that club.<ref name=StepDown/> He is also a director of Universal Energy Resources Holdings and Universal Management Consultancy Ltd.<ref>[https://news.bbc.co.uk/2/hi/business/8213407.stm Hong Kong bid for Birmingham City]</ref>
In March 2014, Yeung was convicted on five counts of money laundering and sentenced to six years' imprisonment.<ref name=Sixyears/> He is currently serving his sentence after the Hong Kong Court of Final Appeal rejected his final appeal.
==Career==
===Early years=== At the age of 12 he moved to London<ref name="ew">Eastweek magazine vol 393. 9 March 2011. pg 17.</ref> before returning to Hong Kong to work. Up until the 1990s he was in a Tsim Sha Tsui barber shop called "Vanity", and was trained as a hairdresser.<ref name="ew" />
===Investments=== Yeung began his investment career making his first fortune in the Hong Kong Real Estate industry.<ref name="ew" /> In 1997, he began having financial trouble caused by the Asian financial crisis. He tried to recover by investing in penny stocks in 1999 to use shares to cover failed shares.<ref name="ew" />
According to the BBC, he "made his fortune on penny stocks in neighbouring Macau."<ref>{{cite news| url=https://www.bbc.co.uk/news/business-14713729 | work=BBC News | title=Birmingham City's Carson Yeung can travel to UK | date=30 August 2011}}</ref>
In 2004, he co-founded "Greek Mythology", a casino in Macau.<ref name="ew" /> He was also once the head of a Human Resources department at a gas company.<ref name="Mercury09">{{cite web |url=http://www.sundaymercury.net/news/sundaymercuryexclusives/2009/08/23/birmingham-city-exclusive-carson-yeung-the-secret-millionaire-66331-24507490/3/ |title=Birmingham City exclusive: Carson Yeung – the secret millionaire |publisher=Sunday Mercury |date=23 August 2009 |access-date=30 June 2011 |archive-url=https://web.archive.org/web/20110621043452/http://www.sundaymercury.net/news/sundaymercuryexclusives/2009/08/23/birmingham-city-exclusive-carson-yeung-the-secret-millionaire-66331-24507490/3/ |archive-date=21 June 2011 |url-status=dead }}</ref>
====Football==== Yeung was the chairman of Hong Kong First Division outfit Hong Kong Rangers from 2005 to 2006.<ref name="AR"/> In 2005, he made an £80,000 donation to the local football association after buying shirts worn by famous English footballers at auction.<ref name="Mercury09"/>
In 2007, he unsuccessfully attempted to take over Birmingham City.<ref>[https://www.telegraph.co.uk/sport/football/2317152/Yeung-closes-in-on-Birmingham-takeover.html " Yeung closes in on Birmingham takeover"],"The Daily Telegraph", 3 August 2007</ref> 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. He 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 F.C. of November that year.<ref>[https://web.archive.org/web/20080720023908/http://www.timesonline.co.uk/tol/sport/football/premier_league/birmingham/article3653047.ece "David Gold admits failed takeover led Steve Bruce to Birmingham exit"],"The Times", 31 March 2008</ref>
On 12 August 2009, Birmingham City confirmed that Yeung's Grandtop International Holdings held 29.9% of the club's shares and had made a further offer.<ref>[https://www.theguardian.com/football/2009/aug/12/birmingham-takeover-carson-yeung "Birmingham confirm takeover approach from Carson Yeung"], ''The Guardian'', 12 August 2009</ref>
On 21 August 2009, it was reported that Grandtop had made an offer of £81.51 million for Birmingham City Football Club.<ref>[https://news.bbc.co.uk/2/hi/business/8213407.stm "Yeung makes offer for Birmingham"], BBC, 22 August 2009</ref> ''The Standard'' reported on 25 August 2009 that Yeung had offered £57 million (HK$729 million) to buy newly promoted Birmingham City, and had reportedly promised the club's manager Alex McLeish £50 million to buy new players. His Hong Kong-listed Grandtop International already had a 29.9 percent stake in the club. He said the firm would raise HK$785 million for the acquisition through a rights issue.<ref>{{Cite web |url=http://www.thestandard.com.hk/news_detail.asp?pp_cat=21&art_id=86835&sid=25076801&con_type=1&d_str=20090825 |title=Hong Kong set for top seat at football's top table, Hong Kong Standard, 25 Aug 2009 |access-date=25 August 2009 |archive-url=https://web.archive.org/web/20110604132938/http://www.thestandard.com.hk/news_detail.asp?pp_cat=21&art_id=86835&sid=25076801&con_type=1&d_str=20090825 |archive-date=4 June 2011 |url-status=dead }}</ref>
On 6 October 2009, Yeung completed his protracted takeover of Birmingham City F.C.<ref>{{cite news|url=https://news.bbc.co.uk/sport1/hi/football/teams/b/birmingham_city/8293269.stm |title=BBC SPORT - Football - My Club - B - Birmingham - McLeish excited by Blues takeover |work=BBC News |date=6 October 2009 |access-date=30 June 2011}}</ref> At the time, it was claimed some of his appointees have had run-ins with the law.<ref>{{cite news|url=https://www.telegraph.co.uk/sport/football/news/6294728/How-did-a-Hong-Kong-barber-take-over-Birmingham-City-FC.html |title=How did a Hong Kong barber take over Birmingham City FC? |work=The Daily Telegraph|date=11 October 2009 |access-date=30 June 2011 |location=London |first1=Andrew |last1=Alderson |first2=Malcolm |last2=Moore}}</ref>
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.<ref name=StepDown>[https://www.bbc.co.uk/sport/football/26035819 Birmingham City: Owner Carson Yeung steps down from board]. BBC News. 4 February 2014. Retrieved 7 March 2014.</ref>
====Property==== Yeung has been a real estate investor in Chongqing, Liaoning and Inner Mongolia. In November 2007 he was looking to sell off residential and commercial developments to Golden Resorts Group (黃金集團) but had difficulties in selling them.<ref name="standard1">{{cite web |url=http://www.thestandard.com.hk/news_detail.asp?we_cat=12&art_id=108965&sid=31600225&con_type=1&d_str=20110311&fc=2 |title=Carson's money blues |work=The Standard |location=Hong Kong |access-date=30 June 2011 |archive-url=https://web.archive.org/web/20120524212945/http://www.thestandard.com.hk/news_detail.asp?we_cat=12&art_id=108965&sid=31600225&con_type=1&d_str=20110311&fc=2 |archive-date=24 May 2012 |url-status=dead }}</ref> In addition, Beijing was stepping up measures to cool off the mainland property market, which affected his revenue streams.<ref name="ew" /><ref name="standard1" /> Similar issues occurred in 2011 when he tried to sell plots of land in Liaoning.<ref name="standard1" /> He ran into debt in a number of sectors owing millions to HSBC, and many others. He had to borrow large amounts of money and put his luxury home up for sale at Mid-levels.<ref name="standard1" /> 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.<ref>[http://www.thestandard.com.hk/news_detail.asp?we_cat=4&art_id=123121&sid=36615064&con_type=1&d_str=20120605&fc=2 Yeung told to hand over Peak house] {{webarchive |url=https://web.archive.org/web/20140430030713/http://www.thestandard.com.hk/news_detail.asp?we_cat=4&art_id=123121&sid=36615064&con_type=1&d_str=20120605&fc=2 |date=30 April 2014 }} ''The Standard''. 5 June 2012.</ref>
====Money laundering==== On 29 June 2011, Yeung was arrested at his home in Hong Kong in connection with alleged money laundering.<ref>[http://www.rthk.org.hk/rthk/news/expressnews/20110629/news_20110629_55_766268.htm],"RTHK", 29 June 2011</ref> Police officers also swooped on the offices of Birmingham International, and left with an assortment of documents. A brief statement mentioned that Narcotics Bureau officers searched two locations – one on Hong Kong Island and the other in Kowloon – and seized documents. The charges involved five counts of dealing with property known or believed to represent proceeds of an indictable offence.<ref>[http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=112670&sid=32889913&con_type=3&d_str=20110630&fc=4 Cops cry foul play] {{Webarchive|url=https://web.archive.org/web/20121016012721/http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=112670&sid=32889913&con_type=3&d_str=20110630&fc=4 |date=16 October 2012 }}. ''The Standard''. 30 June 2011</ref> His hearing was adjourned until 11 August 2011, and was remanded on bail of HK$7 million (US$900,000).
Yeung was supposed to travel on 14 September 2011 to attend to his duties at Birmingham City football club. Given permission to travel after his cash bail was doubled to HK$8 million the prosecution appealed on the grounds there was a risk of him not returning. The High Court allowed an appeal and reversed the ruling made in August by the District Court and gave him permission to leave Hong Kong for England.<ref>[http://www.thestandard.com.hk/news_detail.asp?we_cat=21&art_id=115181&sid=33725472&con_type=1&d_str=20110915&fc=7 Blues owner suffers last-minute setback] {{Webarchive|url=https://web.archive.org/web/20121019052021/http://www.thestandard.com.hk/news_detail.asp?we_cat=21&art_id=115181&sid=33725472&con_type=1&d_str=20110915&fc=7 |date=19 October 2012 }}. ''The Standard''. 15 September 2011.</ref> 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.<ref name="Sixyears">{{cite web | url=https://www.bbc.com/news/uk-england-birmingham-26479124 | title=Birmingham City owner Carson Yeung jailed for six years | work=BBC News | date=7 March 2014 | access-date=7 March 2014}}</ref> The trial judge, Douglas Yau, commented that Yeung was "not a witness of truth",<ref name="SCMPconviction">{{cite web | url=https://www.scmp.com/news/hong-kong/article/1439225/carson-yeung-spends-first-night-jail-after-conviction-money | title=Carson Yeung spends first night in jail after conviction for money laundering | work=South China Morning Post| date=4 March 2014 | access-date=7 March 2014 | author=Chiu, Austin}}</ref> and that his sentence included a necessary element of deterrence.<ref name=Sixyears/>
On 13 May 2015, the Hong Kong Court of Appeal dismissed Yeung's appeal against conviction.<ref>[http://legalref.judiciary.gov.hk/lrs/common/search/search_result_detail_frame.jsp?DIS=98397&QS=%24%28carson%7Cyeung%29&TP=JU Decision of Court of Appeal on conviction]{{Dead link|date=July 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Yeung abandoned his appeal against his sentence.<ref>[http://legalref.judiciary.gov.hk/lrs/common/search/search_result_detail_frame.jsp?DIS=98493&QS=%24%28carson%7Cyeung%29&TP=JU Decision of Court of Appeal re sentence]{{Dead link|date=July 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
On 14 August 2015, the Hong Kong Court of Final Appeal granted Yeung leave to appeal his conviction and released him on HK$7 million bail and cash surety of HK$6 million. Yeung was ordered to surrender his travel documents and not to leave Hong Kong.<ref>South China Morning Post 14 August 2015, [https://www.scmp.com/news/hong-kong/law-crime/article/1849437/former-birmingham-city-owner-carson-yeung-freed-after-hong Carson Yeung freed on bail after Hong Kong court allows him to appeal dirty-money conviction] and [http://legalref.judiciary.gov.hk/lrs/common/ju/ju_frame.jsp?DIS=99950&currpage=T Decision of CFA in FAMW 28 & 29 of 2015]</ref> On 12 July 2016, the Court of Final Appeal rejected Yeung's appeal and he was immediately taken back into custody.<ref>[http://www.thestandard.com.hk/section-news.php?id=171466 Carson Yeung loses final appeal, returned to jail], The Standard, 12 July 2016.</ref>
==Further reading==
Daniel Ivery and Will Giles, Haircuts and League Cups: The Rise and Fall of Carson Yeung, 2014, {{ISBN|978-0992954901}}
==See also== *''Sing Pao Daily News'', owned by Carson Yeung
==References== {{reflist|30em}}
{{DEFAULTSORT:Yeung, Carson}} Category:1960 births Category:Living people Category:Birmingham City F.C. directors and chairmen Category:Hong Kong investors Category:Hong Kong businesspeople in the real estate industry Category:Hong Kong people convicted of money laundering Category:Prisoners and detainees of Hong Kong