As featured on NewsNow: Football news

Cardiff owner Tan ponders club stock float

Cardiff City owner Vincent Tan admits considering floating the club on the Malaysian stock exchange.

The billionaire, who owns 36.1 per cent of the Bluebirds' shares and has poured millions of pounds into the club by way of loans, said the move could come by the end of this year.

The convenience store 7-Eleven, the franchise for which Tan owns in his home country, could also be listed.

Speaking in Malaysia, Tan was quoted as saying: "We will consider.

"We are looking at several options to raise money to pay the banks. I have invested so much, so now I need to raise some money. Listing is one of the options.

"Listing is one of the options, but nothing is firm or definite yet."

Video of the day:

About the author

Tribal Football Staff

×

Subscribe and go ad-free

For only $10 a year

  1. Go Ad-Free
  2. Faster site experience
  3. Support great writing
  4. Subscribe now
Launch Offer: 2 months free
×

Subscribe and go ad-free

For only $10 a year

Subscribe now
Launch Offer: 2 months free