Blues Saga: Carson Yeung’s brother-in-law appointed CEO and MD of club parent

THE board of Birmingham City FC parent, Birmingham International Holdings, has appointed Carson Yeung’s brother-in-law as its new CEO and managing director.

The announcement came in a statement from BIH to the Hong Kong Stock Exchange.

Mr Ma Shui is currently vice-chairman and an executive director of the company. The 53-year-old is also currently the first vice chairman and an executive director of Sing Pao Media Enterprises Ltd, which is listed on the GEM Board of the HKSE.

He holds a degree in Business Administration in Management from The Open University of Hong Kong and his previous working experience has seen him accrue substantial senior management experience in managing various businesses.

BIH said there was no service contract entered into between the company and Mr Ma. He also has no fixed term of service.

He will be entitled to a director’s fee to be determined by the Remuneration Committee of the company with reference to his duties and responsibility.

“Mr Ma has not held any directorship in other listed companies in Hong Kong or overseas in the last three years. Other than being the Vice Chairman, an executive Director, the Chief Executive Officer and Managing Director, and also director of certain subsidiaries of the company, he has not held any other positions with the company or other members of the group,” said the statement.

“Other than Mr Ma being a brother-in-law of Mr Yeung Ka Sing, Carson, a substantial shareholder of the company, he does not have any relationship with any director, senior management or substantial or controlling shareholder of the company. He does not have any interest in the shares of the company.”

He arrives in post at a difficult time for the business.

Aside from his brother-in-law serving a six-year jail sentence for money laundering, BIH is embroiled in a police investigation over the disappearance of more than £3m from the business.

The board has said an unnamed former employee may be responsible for the misappropriation of the funds and it has warned the disappearance of the money is likely to impact on the business.

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