By Dale Timmins: Most Birmingham City fans will have forgotten what the glory days of the Premier League feel like. It’s now approaching four years since Carson Yeung’s Hong Kong based business received valid acceptances for a 51.8% stake in the second city club, from its directors David Gold and David Sullivan.
The reasons behind the club’s serious financial problems began with Carson Yeung’s arrest on the 29th June 2011 in his native Hong Kong on charges of money laundering that to this day are still not resolved. As a result of Yeung’s arrest Birmingham City’s assets were frozen, plunging the club into turmoil.
Birmingham, having just been relegated from the Barclays Premier League weeks before on the final day of the season against Harry Redknapp’s Tottenham. A Roman Pavlyuchenko strike 25 yards from distance sealing Birmingham’s fate and in the process condemned the club to the championship after only two years in the top flight.