“The impending investment and development plans built on the above strategy which were in the course of being finalised and led by Tan Sri Vincent Tan were intended to greatly reinforce our long term affinity and reflect and represent a desire to see this great club grow, built on solid foundations that would ensure the prosperity of Cardiff City within South Wales for many generations to come.
“It was intended to reach settlements with the principal historic creditors, and for Tan Sri Vincent Tan to then transfer the debts currently due to him into equity and drive revenues through an aggressive marketing and commercialisation plan.
“This would as a result allow initial and further investment for team strengthening.
“However we have no desire to cause offence, or for people to think we have no respect for the club or its history as it would appear has been suggested in various quarters - including by local assembly members.
“We would have hoped that the significant investment made to date would have already demonstrated our good faith in that regard.
“Indeed, we are disappointed that anybody would think the contrary. In the light of the vociferous opposition by a number of the fans to the proposals being considered, as expressed directly to our local management and through various media and other outlets, we will not proceed with the proposed change of colour and logo and the team will continue to play in blue at home for the next season with the current badge.
“We will now reassess in conjunction with the board of the club the future strategy and the further ongoing investment necessary to allow the club to continue to trade. This may include looking for new and additional partners and investors.
“Finally I would like to thank all associated with Cardiff City Football Club for their fantastic and continued support during the whole of the last season and to express my thanks to our manager and his team and staff at the football club for all their work last year in again getting us so close to promotion in what was
always going to be a difficult transitional season.
Yours sincerely
TG”
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