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Pannu: 'Birmingham City unaffected by Carson Yeung verdict'

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Birmingham City acting chairman Peter Pannu says that Carson Yeung being found guilty of money laundering will not affect the running of the club.

Birmingham City acting chairman Peter Pannu has said that the running of the club will not be impacted by owner Carson Yeung being found guilty of five counts of money laundering.

The verdict against the 54-year-old was announced in a Hong Kong court on Monday.

"I regret to inform all supporters and staff of our beloved club that Birmingham City F.C's former president and benefactor, Carson Yeung, was today convicted of all charges he faced following a protracted period of legal proceedings," Pannu said in a statement on the club's official website.

"I'd like to reassure all supporters and staff that today's verdict will have no impact on the day-to-day operations at the football club."

Yeung resigned as president and director of the Championship club in February.

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Birmingham City's owner Carson Yeung before the FA Cup Quarter Final football match between Portsmouth and Birmingham City at Fratton Park in Portsmouth, southern England on March 6, 2010
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