Date: 4th February 2014 at 8:38pm
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Birmingham owner Carson Yeung has stepped down from his role as president and director of the club.

The 53 year old has taken the action as he waits for the verdict to come through in his money laundering trial, taking place in Hong Kong at the moment.

The club’s holding company announced to the Hong Kong Stock Exchange that Yeung had quit his directorships and now ‘holds no positions in the group’.

BIH said: ‘Yeung resigned to devote more time to his other personal commitments.’

Yeung has been standing trial on five counts of money laundering, money which is said to be from ‘criminal proceeds.’

Yeung does however, remain the owner of Birmingham City, which he bought in 2009 for £81.5million.

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