Tag Archives: Carson Yeung

Football

West Brom, AC Milan added to China’s trophy cabinet

4 Comments
Chinese football added another two major clubs to the country’s portfolio, as the government-backed soccer drive shows no sign of slowing down.

With the sporting world’s attention zeroing in on the Rio Olympics, China’s football industry – as has been the case repeatedly this year – stole back the spotlight. West Brom became the first English Premier League club to be acquired by a mainland Chinese owner. Then, just hours later, AC Milan joined the club as a Chinese consortium took full ownership from Silvio Berlusconi, following the lead of its cross-town rival Inter two months ago. Here are five thoughts on the day’s dealings:  Continue reading West Brom, AC Milan added to China’s trophy cabinet →

Football

Carson Yeung jailed for six years

3 Comments

Hong Kong hairdresser-turned-businessman and Birmingham City owner Carson Yeung Ka-sing was sentenced to six years in jail on Friday afternoon, after being found guilty of money laundering earlier in the week. Yeung’s story has been front page news in Hong Kong, with his colorful career encompassing everything from cutting Jackie Chan’s hair to meeting with Jia Qinglin – number 4 in Hu Jintao’s cabinet – and washing money for notorious triad bosses.

Yeung's investigation was triggered by an anonymous letter of complaint in 2008
Yeung’s investigation was triggered by an anonymous letter of complaint in 2008

Continue reading Carson Yeung jailed for six years →

Football

Crops and Bobbers: Birmingham City and the Hong Kong hairdresser

1 Comment

Hong Kong businessman Carson Yeung Ka-sing, the Birmingham City owner, has been a very naughty boy. Here’s the summary:

carson_youngBetween 2001 and 2007 Yeung and his father reported no income but HK$721 million (US$ 93 million) somehow found its way into their five bank accounts. Yeung said he made some money working as a hairdresser to HK’s rich and famous, and then invested and gambled his way to riches (while keeping little or no documentation of any transactions). After a 53-day trial, the judge concluded Yeung was a liar and a money launderer, mixed up with triad bosses and other lovely people.

Continue reading Crops and Bobbers: Birmingham City and the Hong Kong hairdresser →