CARDIFF CITY have DENIED that Vincent Tan is set to sell his majority stake for a cut-price £50million.
Financial news service Bloomberg reported earlier today that the Malaysian is looking for buyers for his stakes in all his football clubs.
Tan has stakes in City, as well as Los Angeles FC and clubs in Belgium and Bosnia.
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He infuriated Cardiff City fans by changing the club’s kit from blue to red for two seasons, including during their long-awaited stint in the Premier League.
But the top-flight dream crumbled, along with Tan’s relationships with then boss Malky Mackay, who was sacked following a bust-up over text exchanges that included racial slurs.
According to Sky Sports News anchor and TalkSPORT host Jim White, the news was swiftly batted away by the South Wales club.
He said: “Cardiff City chairman Mehmet Dalman rubbishes reports that owner Vincent Tan is set to sell the club for £50m. Calls it ‘complete nonsense.'”
Tan has spent over £180m since taking over at Cardiff in 2010, after taking over a club that was weighed down by debt and struggled to break into the Premier League.
Despite the denials, Bloomberg also have a quote from Dalman saying that Tan WOULD look at offers but they are not advertising.
He said: “We would entertain an offer but we’re in no rush to sell, nor do we need to sell.”
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