The owner of ChampionshipBirmingham City, Carson Yeung, has been jailed for six years by a Hong Kong court for money laundering. The businessman was unable to show where almost HK$100m (£7.7m) in his bank accounts had come from.
He bought Birmingham City in October 2009 for £81.5m from David Sullivan and David Gold, now the co-owners of West Ham.
He is the majority shareholder but resigned in February as president of Birmingham City FC, director of Birmingham City plc and director and chairman of the club's parent company, Birmingham International Holdings Ltd (BIHL).
On Monday, the club said Yeung's conviction would have no impact on day-to-day operations.
The Football League has said it is satisfied with the action the club's holding company has taken since the commencement of criminal proceedings.
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