Cardiff City’s shareholder meeting today rubber stamped the £6 million Malaysian investment to help stabilise the debt ridden club.
The consortium leader Dato Chan Tien Ghee has now been named as the successor to Peter Risdale, who leaves after five years of his service, ending his controversial tenure.
The Malaysian investors will now have approximately 30% of the shares at the club and now face a mamoth task of trying to reduce some of the reported club debts of £30 million, and also try and raise the money for Cardiff City’s tax bill which currently is at £1.9 million, and avoid their fifth winding order on the 19th of June.