Cardiff City Reach Agreement Over £24m Debt

July 24, 2013

Cardiff City Football Club have reached an agreement with Swiss financiers Langston over the payment of their £24m ($36.8m) debt.

The Premier League newcomers will pay an initial lump sum ahead of numerous smaller payments, hospital after owner Vincent Tan struck the deal with Langston, viagra buy who are represented by former Bluebirds owner Sam Hammam.

Tan said: “This settlement allows us to look to a new era of financial stability, which should be celebrated by all connected to Cardiff City.

“I am delighted, primarily for the supporters of this great club that we can put this matter firmly behind us and plan for our future with confidence.”

Tan had previously said that an agreement would pave the way to Cardiff becoming debt free.

Despite the positives, Cardiff City Supporters Trust said that not all fans would be happy with Hammam becoming honorary president as part of the deal.

Hamman added: “This resolution will rightly be regarded as a proud and historic occasion for all associated with Cardiff City football club.

“Now that an amicable agreement has been reached, thanks in most part to the vision of Tan Sri Vincent Tan the club can now focus on the exciting Premier League season ahead, while building for the future with optimism.”