A Hong Kong court has rejected Birmingham City owner Carson Yeung’s bid to attend the club’s first home game of the season.

Chairman Peter Pannu has revealed criminal charges brought against Birmingham owner Carson Yeung are hampering efforts to acquire new investment in the club.

CARSON YEUNG has assured Birmingham he will continue to provide his backing for the club despite facing five charges of money laundering amounting to €65.2 million in his native Hong Kong.

ACTING chairman Peter Pannu insists Birmingham are in a sound financial position after flying to Hong Kong for talks with owner Carson Yeung who has been charged with five counts of money-laundering involving £59 million (€65 million).

Birmingham owner Carson Yeung has been arrested and charged with five counts of money laundering involving £59m (€65.5m), according to a report.

Birmingham’s acting chairman Peter Pannu hailed Chris Hughton as the “perfect candidate” after he was appointed as the club’s new manager in succession to Alex McLeish.

Chris Hughton has been appointed as Birmingham’s new manager – just 10 days after Alex McLeish resigned to take charge of Aston Villa.

Chris Hughton is expected to be confirmed as Birmingham's new manager in the next 24 hours, Press Association Sport understands.

CHRIS HUGHTON is expected to be confirmed as Birmingham’s new manager in the next 24 hours as the club replaces Alex McLeish at St Andrew’s.

Chris Hughton is expected to be confirmed as Birmingham’s new manager in the next 24 hours, Press Association Sport understands.

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Birmingham owner Carson Yeung has reduced his stake in the midlands club by 1.6% and raised £3.63m from selling shares to private investors.

Alex McLeish insists he is still being backed in the transfer market by Birmingham owner Carson Yeung despite concerns over the club’s financial state.

IT has been sighted nearly more times than Elvis, but archaeologists now believe they have found the fossilised remains of the fabled Noah’s Ark.

Michael Dunford has resigned from his role as Birmingham chief executive.

Investment bank Seymour Pierce has effectively taken control of Birmingham and could put it up for sale after club owner Carson Yeung failed to pay a £2.2m fee to the bank.

Birmingham boss Alex McLeish has started negotiations with club owner Carson Yeung over a new contract.

Birmingham manager Alex McLeish is in talks over a new contract and vice-chairman Peter Pannu believes an agreement is close.

LESS than a month after ruthlessly dismantling Arsenal in their own backyard, Chelsea will now head into the New Year with alarm bells ringing, while even Carlo Ancelotti’s confidence is certain to be tested to the limit.

FORMER Birmingham co-owner David Sullivan, below, last night hit out at new president Carson Yeung after police ruled out a criminal investigation into alleged “financial irregularities” at the club.

Former Birmingham co-owner David Sullivan today hit out at new president Carson Yeung after police ruled out a criminal investigation into alleged “financial irregularities” at the club.

THE feel-good factor has returned to Birmingham City.

Sunderland manager Steve Bruce has branded his former Birmingham boss Karren Brady “patronising”.

NEW owner Carson Yeung has long-term dreams of Birmingham becoming one of the best clubs in Europe.

New Birmingham owner Carson Yeung has pledged to spend up to £40m on new players during the January transfer window.

David Gold is to stand down as chairman of Birmingham after 12 years and end his association with the midlands club.

Birmingham chairman David Gold believes new owner Carson Yeung will drive the Blues to new heights.

HONG KONG businessman Carson Yeung finally gained control of Birmingham yesterday as he took his shareholding beyond the 90% mark.

Carson Yeung has effectively completed his takeover of Birmingham after his company Grandtop Holdings announced they had acquired over 90% of shares in the club and can now purchase the remainder on a compulsory basis.

The Premier League has approved the appointment of Carson Yeung as a director of Birmingham as the Hong Kong businessman moves closer to a formal takeover of the club.

Carson Yeung has moved closer to completing his takeover of Birmingham after his company, Grandtop International Holdings, increased their share capital in the midlands club to 81.7%.

Birmingham chief executive Karren Brady and PLC chairman David Sullivan will leave the club if Hong Kong businessman Carson Yeung completes his takeover of the club.

Hong Kong businessman Carson Yeung has formally lodged his takeover bid for Birmingham after sending out official offer documents to shareholders.

Birmingham manager Alex McLeish admits takeover regulations could block his chances of spending the £5m offered by prospective owner Carson Yeung on new signings.

Grandtop International Holdings have confirmed they are to make an offer for Birmingham as Carson Yeung’s proposed £81.5m (€94m) takeover gathers pace.

Birmingham today revealed Carson Yeung’s investment company has paid a £3m (€3.48m) deposit with a view to making an offer for the Premier League club.

Birmingham have confirmed an approach from the Carson Yeung-backed Grandtop International Holdings Limited to increase their investment in the club.

Carson Yeung’s right-hand man Sammy Yu has insisted the Hong Kong businessman is still interested in taking full control of relegated Birmingham.

Chairman David Gold admitted Steve Bruce would still be manager of Birmingham but for Carson Yeung’s failed takeover bid.

Birmingham have confirmed that co-owner David Sullivan and the Gold brothers, chairman David and Ralph, have taken an increased shareholding in the club.

Birmingham have confirmed today that shareholders have rejected Carson Yeung’s proposal to co-opt Steve McManaman and Fan Zhiyi onto the board of directors.

Birmingham are renewing their attempt to build a new stadium, which could be completed by 2014 if all goes to plan.

Steve McManaman has confirmed he will not be standing for election to the Birmingham board tonight.

Birmingham are bracing themselves for another battle with their leading shareholder Carson Yeung who wants to appoint former Liverpool star Steve McManaman and ex-Crystal Palace defender Fan Zhiyi as directors of the midlands club.