Vital Football

Latest Cardiff City News

Jones & Cardiff City Fans Pray For Far East Cash

Jones & Cardiff City Fans Pray For Far East Cash

Cardiff City boss Dave Jones has reveled he is praying the imminent Malaysian investment goes through as quickly and painlessly as possible and revealed he is confident that the ongoing talks will be conclusive.

After months of apparent stalemate, things came to a head last week when CCFC director Steve Borley flew to malaysia for late stage talks over a deal. It was apparent that the interest had not waned from the group, led by property tycoon Dato Chan Tien Ghee (TG) and he appears to have financial backing from Billionaire businessman Vincent Tan.

TG and a delegation arrived in South Wales last night and spent this morning outlining plans to finalise an immediate £6m investment. If agreed, the investment would see the group take a large shareholding in the club, in return for sercuring wages until the end of the season, and payment of the outstanding debt on the taxbill. In the summer, a series of costcutting measures will be enforced and the club will also be able to sell players to balance the books and reduce the wage bill.

All this is very positive, and with administration the only possible alternative - we are fortunate that talks are at a late stage. What has become absolutely clear is that the Malaysian group, and TG himself is a very serious man with a good understanding of business and a clear plan. This is music to the ears of fans who have suffered a long history of money mis-management and would dearly love financial stability. If we can acheive that, and remain competitivew - the new stadium, the academy and the fanbase become influential factors in a brighter future. The deal hinges on whether the major shareholders e.g. Paul Guy, Mike Hall, Steve Borley, Sam Hammam and Peter Ridsdale will accept the share offer - thought to be around 9p each. The reality is that it's 9p or nothing given our perilous position.

In the most public indication yet to come from a genuine club official, Dave Jones told BBC Sport:

'They are keen. We're waiting for the investment, everyone is praying it all goes well and we can get things sorted.'

'We've been talking about pre-season in Malaysia so I'd be very surprised if things don't go right.'



Don't count those chickens yet Bluebirds fans, but this deal is very very close, and will be a monumental step in the right direction for our club. In truth, we don't know a great deal about the Malaysians, and whilst that could mean they could have any number of plans for the future - all the indications are that they are serious, diligent and passionate. That is more than enough for now.




Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



Click here to join in the debate on the club forum.

Writer:Bluebirdshroom
Date:Friday March 19 2010
Time: 2:07PM

Best of Vital Network

Comments

0
pray all you want your goin into administration hahahahaha c"mon swansea city!!!
superswanss
21/03/2010 19:52:00
Page 1/1
  1. 1

Login to post a comment

Recent Cardiff City Articles

Cardiff Confirm Shrewsbury Friendly

Cardiff City have today confirmed a pre season friendly against Shrewsbury Town this summer.

Turner Headlines The Released List

Yesterday Cardiff City confirmed their released list for the 2016 summer and Ben Turner departs after five years of service.

Cardiff - FL Dates 2016/17 (23/5/16)

The Football League have released the key dates for the coming 2016/17 season.

Who Will Cardiff City Face In 2016/17 (22/5/16)

With no matches remaining in the regular 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Whittingham's Left Peg
no email
Profile

Current Poll (see more polls)

Birmingham MotM
Suggested By: Site Staff
Marshall0%
Peltier0%
Connolly25%
Turner15%
Malone5%
Noone0%
O'Keefe0%
Whittingham5%
Lawrence0%
Pilkington30%
Immers5%
Sub - Zohore0%
Sub - Harris0%
Sub - Ecuele Manga15%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Latest F1 News
Latest Vital Boxing News

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)