Vincent Tan Considering Selling Cardiff City Shares in Malaysia

May 28, 2013

Cardiff City Football Club Chairman Vincent Tan is considering selling shares in the Championship winning team, sick according to reports from Reuters.

Tan is said to be at an early stage with the move and the initial plan is to list Cardiff on the Kuala Lumpur Stock Exchange.

The Malaysian multi-millionaire businessman took over in South Wales in 2010 when he bought 36.1% of the club.

If the reports turn out to be true, stuff Cardiff will follow in the footsteps of Manchester United as being the second Premier League teams to float shares in the past year.

United raised £150m ($233.2m) in the largest initial public offering (IPO) of a sports team when they were listed on the New York Stock Exchange in August.