TAN WOULD CONSIDER CARDIFF SALE IF RIGHT DEAL ON THE TABLE

TAN WOULD CONSIDER CARDIFF SALE IF RIGHT DEAL ON THE TABLE


Laurence Kilgannon
Assistant Digital News Editor

Sports Media Ltd


2nd Mar 2017 Wales


Tan would consider Cardiff sale if right deal on the table

Cardiff City FC owner Vincent Tan has said he would consider selling the Championship club if he was "offered the right price by the right person".

The Malaysian businessman was responding to a Bloomberg report that claimed he was looking to sell his interests in Cardiff City, as well as Major League Soccer's Los Angeles FC, Bosnia's FC Sarajevo and Belgium's Kortrijk Voetbalt CVBA.

That article had quoted Cardiff chairman Mehmet Dalman as saying: "We would entertain an offer but we're in no rush to sell, nor do we need to sell."

In a statement, Tan said that what Dalman said was true.

"In fact, I have always publicly said that except for my family, all my businesses are for sale at the right price. I do not fall in love with my businesses."

But Tan added that he had no immediate plans to sell Cardiff or his other sporting assets, but if "I am offered the right price, I will certainly consider".

In particular, Tan said he would need to be convinced any Cardiff suitor was able "to take the club to a higher level".

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" Tan ready to sell Cardiff "


By Cardiff City Club Call

Thursday 2nd March 2017

Cardiff owner Vincent Tan has revealed he would sell the club if he was "offered the right price", but stressed that he is in no rush.

Championship: Tan ready to sell Cardiff

Malaysian businessman Tan issued a statement after reports in the United States suggested he is seeking to offload his stake in Cardiff, as well as his shares in Belgian club KV Kortrijk, Bosnian outfit FK Sarajevo and his minority holding in new MLS franchise LAFC.

Vincent Tan:
"For the record, I have no plans to sell any of the clubs, but if I am offered the right price, I will certainly consider," Tan said.
"I am in no rush to sell CCFC, but if I am offered the right price by the right person who I believe will be able to take the club to a higher level, I will certainly consider selling.
"I have said before that if I leave CCFC, I want to leave it in good hands.
"I have been approached on numerous occasions by parties wanting to buy CCFC, but the prices offered have not been right.
"CCFC is turning around now in the good hands of Neil Warnock, who I think is a great manager, and I believe it stands a good chance of being promoted again to the Premier League in the next season."


Tan bought the Welsh outfit in 2010 and has subsequently ploughed more than £150million into the club during his controversial reign.


The club's debts to Tan in the most recently available accounts stood at more than £100million although the owner has begun a process of writing off that amount following a pledge to make the Bluebirds debt-free by 2021.


But reports in the American media on Tuesday suggested that Tan would be willing to sell Cardiff for £50million.

The 65-year-old has been cast as both hero and villain during his time at Cardiff.

Tan's financial support helped Cardiff end a 51-year wait for top-flight football when they were promoted to the Premier League under Malky Mackay in 2013.
But he was vilified by a large section of the club's fan base for changing Cardiff's traditional blue colours to red - supposedly a lucky colour in his native Far East.


Cardiff were relegated after just one season in the Premier League and his very public fall-out with Mackay saw the club attract headlines for all the wrong reasons.
Tan changed Cardiff's colours back to blue at the start of 2015 after sustained opposition from Bluebirds supporters.


But it is understood that he has only attended one game since at the Cardiff City Stadium and the apparent lack of enthusiasm has heightened speculation he is ready to sell.


Cardiff are currently 12th in the Championship, with manager Neil Warnock having overseen a climb up the table since succeeding Paul Trollope in October.


Warnock signed a one-year contract extension last week to remain in the post for the 2017-18 season, with the 68-year-old saying he had received financial guarantees that Cardiff could push for promotion next term.

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Neil Warnock would be 'surprised' if Vincent Tan sold Cardiff in next 12 months

Thursday 2nd March 2017

Neil Warnock believes Vincent Tan will remain Cardiff's owner for the next 12 months at least.

Cardiff: Neil Warnock would be 'surprised' if Vincent Tan sold Cardiff in next 12 months

Malaysian businessman Tan raised the prospect of selling the Sky Bet Championship club on Wednesday when he released a statement saying he would consider a deal "if I am offered the right price by the right person".

Tan bought Cardiff in 2010 and has subsequently ploughed more than B£150million into the club during his controversial reign.
The club's debts to Tan in the most recently available accounts stood at more than B£100m, although the owner has begun a process of writing off that amount following a pledge to make the Bluebirds debt-free by 2021.

Warnock - who last week signed a one-year contract extension to remain Cardiff manager for the 2017-18 campaign - said chairman Mehmet Dalman has assured him that Tan will still be at the club next season.

Neil Warnock:

"I knew there were talks (about selling the club) when I came here because I spoke to Mehmet about it," Warnock said.
"But I'd be very surprised if anything happens in the next 12 months because Mehmet's given me assurances. We're all singing from the same hymn sheet.
"Mehmet and Vincent have been supportive of me from day one, so I haven't got a problem.
"But if they want to sell it I would imagine the best time would be in the next 18 months.
"They'll probably wait and see what happens next year."

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