A Football League spokesman said:

"The Football League notes the reports relating to the conviction of Carson Yeung in Hong Kong.

"The League's Owners' and Directors' test prohibits anyone that is convicted of offences involving dishonesty from owning more than 30 per cent of a member club or exercising control over a club.

"Since the commencement of these criminal proceedings, the Club's holding company has introduced revised arrangements to ensure that it could relist on the Hong Kong Stock Exchange and comply with Football League regulations. They include the resignation of Mr Yeung from all directorships, and the introduction of new working capital to ensure the ongoing financial viability of the group.

"The League has been working with the Club during this period and, based on the information provided, is satisfied that Birmingham City complies with its requirements regarding ownership, as well as having funding arrangements in place until at least the end of the 2013/14 season. At this stage, The League does not require any financial assurances beyond this point."