Carson Yeung jailed for 6 years

[chinaman]

Carson Yeung, who bought Birmingham City has been sentenced to 6 years jail in Hong Kong for money laundering.

Some may remember I wrote about him and his family's crooked business 2 or 3 years back and warned that they could be the front for Asian illegal betting syndicates getting into the EPL as it is the most popular football competition there.

I just don't know what the F the FA does in approving the sale. Perhaps they were on the take as well.

 

[Danners9]

Carson Yeung, who bought Birmingham City has been sentenced to 6 years jail in Hong Kong for money laundering.

Some may remember I wrote about him and his family's crooked business 2 or 3 years back and warned that they could be the front for Asian illegal betting syndicates getting into the EPL as it is the most popular football competition there.

I just don't know what the F the FA does in approving the sale. Perhaps they were on the take as well.

There is supposed to be a 'fit and proper person' test but that only seems to extend to 'how much money do they have in the bank?' rather than the actual source of the funds. There have been so man dodgy takeovers, and the Leeds one right now is another. The man might be convicted of fraud but he is in the process of buying the club. This test is a nonsense.

Football is basically a washing machine for dirty money these days. Maybe it always was but there are extra 000's at the end now.. shame.

 

[Huddlestone22]

Shame that the same thing hasn't happened to Abramovich yet.

 

[LSUY]

I just don't know what the F the FA does in approving the sale. Perhaps they were on the take as well.

Bit harsh considering the FA doesn't have a mandate on the fit and proper person test as it's run by the Premier League, the Football League & the Football Conference.

 

[Marty]

The Fit and Proper Persons test was around when Yeung bought Birmingham but wasn't really used to much effect. His purchase was one of the reasons the authorities realised they had to take it more seriously.

Look at Massimo Cellino's attempt to buy Leeds, this is an example of the test having a good effect. Everything he does and has done is under scrutiny and now that he's just been charged again (I forget what for) he might not be able to buy the club after all.

 

[Dharmabum]

Many other EPL club owners would also end up in jail - even longer than 6 years - if there had been any justice in this world. But as many know, "justice" can be bought at a price and a hand-shake.