Vincent Tan has no plans to sell football assets

Tycoon Tan Sri Vincent Tan says he has no plans to sell his interest in any of his football assets, including English Championship club Cardiff City Football Club (CCFC).

This includes Major League Soccer (MLS) club Los Angeles FC (LAFC), Bosnia's FC Sarajevo and Belgium's Kortrijk Voetbalt CVBA (KVK).

"For the record, I have no plans to sell any of the clubs but if I am offered the right price, I will certainly consider.

"I am in no rush to sell CCFC, but if I am offered the right price by the right person who I believe can take the club to a higher level, I will certainly consider selling.

"As I have said before that if I leave CCFC, I want to leave it in good hands," Tan said, adding that he was approached several times by parties wanting to buy CCFC but the prices offered were not acceptable.

He was responding to a report by Bloomberg today headlined 'Embattled Millionaire Plans to Sell Football Teams'.

Tan said CCFC had gone through a rough patch under a previous manager, which were now the subject of several legal suits initiated by CCFC.

"However, CCFC is turning around now in the good hands of Neil Warnock, who I think is a great manager and I believe it stands a good chance of being promoted again to the Premier League next season," he said.

CCFC is currently 12th in the Championship standings.

"As valuations of MLS clubs are on the rise, I see LAFC as a great long term investment.

"However, for FC Sarajevo and KVK, the investments were not substantial compared with CCFC and LAFC and there is no reason to sell unless an attractive offer is made," he said. -- BERNAMA