A Hong Kong court has jailed the owner of a British sports team for six years for money laundering offences.

Carson Yeung Ka-sing, a large shareholder of English football club Birmingham City, has been jailed for six years by a Hong Kong court after being found guilty of laundering HK$721 million ($92.9 million) using five Hong Kong bank accounts.

He was convicted of five charges relating to monies that passed through his bank accounts between 2001 and 2007. He claimed he had accumulated hundreds of millions of dollars through stock trading, business ventures in mainland China, a hair salon and gambling, a report said.
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One report by the British Broadcasting Corporation said it is unclear how the sentence will affect the football club, of which he was a major shareholder.

Yeung worked in the UK as a teenager before becoming a hairstylist in Hong Kong. He made his fortune investing in Macau in the 1990s and is a prominent property developer in Hong Kong. He bought Birmingham City in October 2009 for £81.5 million. He was arrested and charged with money laundering two years later.

The BBC report said he is the majority shareholder but resigned in February this year 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.