Birmingham City owner Carson Yeung has resigned as chairman and executive director of the club’s holding company, Birmingham International Holdings Limited, according to ESPN.
“Yeung resigned to devote more time to his other personal commitments,” Birmingham International Holdings said.
Yeung, who bought the club for £81.5m in 2009, is the football club’s major shareholder and has denied the money laundering offence which he now awaits the verdict for, due on February 28.
The Hong Kong businessman is facing five counts of money laundering involving more than £57m which was deposited into bank accounts between 2001 and 2007.
Yeung has now been succeeded by another of BIHL’s executive directors, Cheung Shing.
Birmingham won their first trophy in 48 years in 2011 when they claimed the League Cup but were relegated from the Premier League the same year.
Lee Clark’s side currently sit 18th in the league and are just six points clear of the relegation zone going into Saturday’s game against Charlton.
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