Cardiff City owner Vincent Tan has converted £65m of the club’s debts into equity. He hopes that the club will be debt free in five years.
The club is currently under a transfer embargo for a breach of financial fair play rules, but he hopes this move will lead to the lifting of the embargo.
Cardiff City owner Vincent Tan has converted £65m of the club’s debts into equity. He hopes that the club will be debt free in five years.
The club is currently under a transfer embargo for a breach of financial fair play rules, but he hopes this move will lead to the lifting of the embargo.
Tan was a controversial owner when he changed the kit of the Bluebirds to red to appeal to the Asian market. However, his mother made him see the error of his ways and this latest move should enhance his reputation among Cardiff fans.