Dato' Chan Tien Ghee
Cardiff City fans believe that two announcements today could signal financial security for the Championship club as Asian money arrives at the Cardiff City Stadium.
Fans’ site Vital Football calls it ‘the most significant off-field move since the Langston court case’ and the club are already promising to spend in January.
The announcements are the withdrawal of the threat of a winding-up order from the tax man and the appointment of a board member in the shape of Dato’ Chan Tien Ghee.
Dato’ Chan Tien Ghee (TG) is Managing Director of Central Malaysian Properties Sdn Bhd, a major Malaysian Property Company and Cardiff City says it intends to exploit opportunities in the expanding Asian market for English league football.
Peter Ridsdale said: ‘The fact that TG has accepted this appointment demonstrates the confidence that exists that Cardiff City Football Club can, with the right level of additional investment, whether directly or through the broader global commercial opportunities, become an established top-flight football club.”
Dato’ Chan Tien Ghee said: “I am very proud and privileged to be joining the Board of Cardiff City at this time. Now that the infrastructure is in place, I believe that together with the existing Board I can help to provide Cardiff City with the additional resources it requires to achieve the ambition of attaining Premier League Football and of making Cardiff City a recognised household name across the Asian continent.”
The full statement on the court case is:
It has been inaccurately reported that Cardiff City Football Club face a winding-up order from Her Majesty’s Revenue and Customs, following a court hearing today, Wednesday, November 25.
Today’s court action had the affect of withdrawing the threat of a winding-up order rather than imposing it.
For the avoidance of doubt, Cardiff City Football Club have a payment schedule in place with HMRC, and there is no prospect of the club being wound up. This payment schedule was agreed with HMRC some time ahead of today’s court hearing.
Cardiff City Football Club have every confidence in their future financial stability and fully expect to be in a position to make further investment in its playing squad in the January transfer window.
