Birmingham City owner Carson Yeung has been given less than two months to quit his £12 million home in an exclusive part of Hong Kong.
The embattled former hairdresser was yesterday ordered to leave his sprawling property on Barker Road, in the posh Peak area, within 56 days after a bank won a civil case against him.
Yeung was taken to court after he failed to repay personal loans totalling £15 million he allegedly took out from the Wing Hang organisation to help prop up Blues’ parent company, Birmingham International Holdings Limited.
The order, granted by a Hong Kong court, capped a miserable week for Yeung.
Last Monday, he lost an appeal to ease restrictions on his business assets.
They were frozen after he was hit with £59 million money laundering charges, which are the subject of a separate legal case.
Yeung’s perilous financial position has led to repeated delays in the publication of the accounts of BIHL.
And those hold-ups, in turn, prompted the Football League to slap a transfer embargo on the St Andrew’s outfit.
Yesterday it also emerged former England winger Steve McManaman had resigned from his role as executive director, as of June 2, while executive director and deputy chairman Yang Yue Zhou resigned his position yesterday.
The announcement was made by Birmingham International Holdings Ltd which said both parties quit "due to their own personal business" and neither had a disagreement with the board that would have to be brought to the attention of the Hong Kong stock exchange.
Blues’ acting chairman Peter Pannu last month revealed that he had advised Yeung to give "serious consideration" to selling his stake in the club should a potential new owner come forward.
