OTHER GREAT NEWS!!!!!!!!!
Fri Feb 24, 2012 5:35 pm
THE Malaysian mogul behind Cardiff City will be up to £100million richer when Facebook floats on the stock market later this year.
But dollar billionaire Vincent Tan remains determined to run the Carling Cup finalists like a business, not a charity — as will be confirmed by accounts for last season which the club are due to file by Wednesday.
One of Tan's companies, MOL Global, has shares in Facebook from a 2010 deal.
In the same year, Tan helped save Cardiff from the taxman and has since stabilised the club with further millions.
Tan and his associates, including club chairman Dato Chan Tien Ghee, control about 49 per cent of the club's holding company.
He has the means to pay off the club's remaining debts and fund a spending spree on players, but caution remains the watchword.
Success at Wembley on Sunday would be historic but it will probably take victory in the Championship play-off final to change Cardiff's destiny.
Possibly more money to invest into Cardiff City
But dollar billionaire Vincent Tan remains determined to run the Carling Cup finalists like a business, not a charity — as will be confirmed by accounts for last season which the club are due to file by Wednesday.
One of Tan's companies, MOL Global, has shares in Facebook from a 2010 deal.
In the same year, Tan helped save Cardiff from the taxman and has since stabilised the club with further millions.
Tan and his associates, including club chairman Dato Chan Tien Ghee, control about 49 per cent of the club's holding company.
He has the means to pay off the club's remaining debts and fund a spending spree on players, but caution remains the watchword.
Success at Wembley on Sunday would be historic but it will probably take victory in the Championship play-off final to change Cardiff's destiny.
Possibly more money to invest into Cardiff City