Hong Kong ( CNN ) -- Carson Yeung Ka-sing , a Hong Kong tycoon and owner of British soccer club Birmingham City , was jailed for six years Friday for laundering HK $ 721 million ( US $ 93 million ) . The 54-year-old businessman was convicted by a court in his home city earlier this week . `` The sentence must include an element of deterrence to discourage those who are in a position to exploit the system , '' said Judge Douglas Yau . `` Maintaining the integrity of the banking system is of paramount importance if Hong Kong is to remain an international finance center . '' Yeung previously denied the charges that he had laundered money between 2001 and 2007 during a 50-day trial that he had twice tried to halt , according to local Hong Kong media . His father , Yeung Chung , a co-accused , died in 2012 . Yeung was arrested and charged in Hong Kong in June 2011 , two years after he acquired the `` Blues . '' Blues control . Yeung , little known prior to his emergence in English football , took control of the club in October 2009 in an 81-million pound ( $ 130 million ) takeover . At the time , he was only the second Asian , after deposed former Thai prime minister Thaksin Shinawatra , to own a British premier league club . In February , Yeung resigned as chairman and executive director of Birmingham International Holdings Limited ( BIHL ) , which owns the struggling second-tier club . Throughout the trial , Yeung said he accumulated hundreds of millions of dollars through stock trading , business ventures in mainland China , gambling and even hairdressing . He claimed he made HK $ 20 million as a hairdresser , catering to movie stars and businessmen from a chain of upmarket salons , one of them in Hong Kong 's five-star Peninsula Hotel . The prosecution will apply net month to confiscate some of Yeung 's assets . CNN 's Wilfred Chan contributed to this report .
Chairman of British soccer club Birmingham City Carson Yeung jailed for two years . 54-year - old businessman was found guilty of laundering US $ 93 million between 2001 and 2007 . The Hong Kong government acquired the British football club in 2009 in $ 130 million takeover . Yeung said in his trial that he accumulated the money through businesses , stock trading and gambling .