Carson Yeung facts for kids
Quick facts for kids
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Yeung in 2010
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| Born |
Carson Yeung Ka Sing
27 February 1960 |
| Nationality | Hong Konger |
| Occupation | Businessman |
| Years active | 1990s–present |
| Title | President, Birmingham City F.C. (2007–14) |
| Carson Yeung | |||||||||||||||||||||
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| Traditional Chinese | 楊家誠 | ||||||||||||||||||||
| Simplified Chinese | 杨家诚 | ||||||||||||||||||||
| Jyutping | Joeng4 Gaa1 Sing4 | ||||||||||||||||||||
| Hanyu Pinyin | Yáng Jiāchéng | ||||||||||||||||||||
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Carson Yeung Ka Sing (Chinese: 楊家誠) was born on February 27, 1960. He is a businessman from Hong Kong. He was once the president of the English football club Birmingham City F.C. until February 2014.
He was also the chairman and a director of Birmingham International Holdings. This company is involved in investments, entertainment, and sportswear. It owns the Birmingham City football club.
Contents
About Carson Yeung
His Early Life
When Carson Yeung was 12 years old, he moved to London. Later, he returned to Hong Kong. He started working there. In the 1990s, he worked as a hairdresser. He trained at a barber shop called "Vanity" in Tsim Sha Tsui.
Business Ventures
Carson Yeung started his career in business by investing. He first made money in the real estate business in Hong Kong. Real estate means buying and selling land and buildings.
In 1997, he faced some money problems. This was due to a big financial event called the Asian financial crisis. He tried to fix his money issues by investing in "penny stocks" in 1999. These are shares of very small companies.
He also helped start a casino in Macau in 2004. It was called "Greek Mythology." He also worked as a manager in the Human Resources department at a gas company.
Investing in Football
From 2005 to 2006, Yeung was the chairman of a football team in Hong Kong. This team was called Hong Kong Rangers. In 2005, he gave money to the local football association. He had bought shirts worn by famous English football players at an auction.
In 2007, he tried to buy Birmingham City. This is a well-known English football club. However, he could not provide the money by the deadline. So, his attempt to buy the club did not work out.
On August 12, 2009, Birmingham City announced something important. Carson Yeung's company, Grandtop International Holdings, owned almost 30% of the club's shares. They then made another offer to buy more shares.
On October 6, 2009, Yeung successfully took over Birmingham City F.C. He became the new owner. He stepped down from all his roles at the club in February 2014. This included being the club president and chairman.
Property Investments
Carson Yeung also invested in properties in other parts of China. These areas included Chongqing, Liaoning, and Inner Mongolia. He faced difficulties selling some of his properties in 2007. The government was also trying to control the property market.
He also ran into debt, meaning he owed money to banks. He had to borrow large amounts of money. He even put his expensive home up for sale. In 2012, a court ordered him to give up his mansion. This was because he could not repay a loan.
Legal Challenges
On June 29, 2011, Carson Yeung was arrested in Hong Kong. This was related to accusations of dealing with money in a way that was not allowed by law. Police officers also searched the offices of his company. They took many documents.
He was accused of five counts of handling money that was believed to be from illegal activities. His court hearing was set for August 11, 2011. He was released on bail, which means he paid money to stay out of jail until his trial.
His trial began in May 2013 and ended in March 2014. He was found guilty of the five charges. He was sentenced to six years in prison. The judge said that Yeung was "not a witness of truth." This means the judge did not believe his testimony.
On May 13, 2015, a court rejected his appeal against his conviction. An appeal is when someone asks a higher court to review a decision. On August 14, 2015, a higher court allowed him to appeal his conviction. He was released on bail again. He had to give up his travel documents.
However, on July 12, 2016, the highest court in Hong Kong rejected his final appeal. He was immediately taken back into custody. He is currently serving his sentence.
See also
- Sing Pao Daily News, a newspaper once owned by Carson Yeung
