Cardiff City owner Vincent Tan has paid off some of the debts relating to the building of the club’s new stadium, as well as other debts relating to player acquisitions.
However, this does not change the club’s underlying financial situation, just who the money is owed to. It is estimated that the club could now own Tan over £150m. Only converting some of this debt into equity would change the position.
Cardiff City owner Vincent Tan has paid off some of the debts relating to the building of the club’s new stadium, as well as other debts relating to player acquisitions.
However, this does not change the club’s underlying financial situation, just who the money is owed to. It is estimated that the club could now own Tan over £150m. Only converting some of this debt into equity would change the position.
Here a devoted Cardiff City fan explains why he is giving up his season ticket. The re-branding of the club is the reason, although he also considers that fans have never been so divided.