Cardiff City shareholders have officially approved the investment of a Malaysian consortium at an extraordinary general meeting. The cash-strapped Championship club announced on May 1 that an agreement over new funding and restructuring of its existing debt had been agreed, with chairman and chief executive Peter Ridsdale to step down on May 31.

That agreement has now been rubber-stamped and Dato Chan Tien Ghee, already a director of the club, will formally take over the role of chairman.

Ghee said: "I would like to like to offer my thanks and sincere best wishes to Peter, Alan and Keith for what has been achieved during their tenure as they move on to new horizons. The new board takes over at an important milestone in the history of the club, with the facilities, infrastructure, a dedicated backroom staff and a team that has a great opportunity and belief to challenge for promotion.

"We are looking forward to working together, utilising the passion, belief and involvement of every existing and new supporter of Cardiff City to bring long term recognition and success on a local, national and international platform."