Birmingham City’s Yeung found guilty of laundering $93m

carson yeung

By Andrew Warshaw
March 3 – After months trying to clear his name, Carson Yeung, the Hong Kong businessman who bought English club Birmingham City, faces a lengthy jail term after being found guilty of five counts of money laundering by a court in Hong Kong. Last month Yeung resigned as a director of both the club and its parent company Birmingham International Holdings Ltd (BIHL) as he awaited the verdict of a trial that had lasted 50 days having already lost two appeals to get it thrown out.

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UEFA ready for war as early FFP figures indicate club battles to come

uefa flag

By Andrew Warshaw in Geneva
March 1 – Almost a third of the teams that entered UEFA’s two club competitions this season are in danger of breaking financial fair play regulations. UEFA administrators and legal experts revealed today that 76 clubs out of the 237 who started in the Champions League and Europa League were being probed for potentially failing strict break-even rules.

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Leeds takeover stalled as Cellino waits for Football League approval

Leeds United

February 26 – The takeover of Leeds United by controversial Italian agricultural entrepreneur Massimo Cellino has still not been approved by the relevant authorities, it has emerged. The Football League has said it “remains in discussions” with the club even though the 57-year-old Italian businessman exchanged contracts with current owners GFH to buy a 75% stake in the Championship club earlier this month.

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Aurubis to sponsor Ludogorets youth academy


By Alexander Krassimirov
February 25 – German company Aurubis (formerly Norddeutsche Affinerie AG) is poised to sign a co-operation agreement with Bulgarian champions of Ludogorets Razgrad to provide a boost to the club’s youth academy. In March the company will sponsor trials with those selected joining the club’s academy.

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