Tan converts £42m of Cardiff debt into equity

Tan converts £42m of Cardiff debt into equityImage source, Huw Evans Picture AgencyImage caption, Vincent Tan became Cardiff's owner in 2010 as part of a consortium of Malaysian investorsByDafydd PritchardBBC Sport WalesPublished2 minutes agoCommentsVincent Tan has converted £42m of Cardiff City's debt to him into equity, nearly halving the amount the club owes to its majority shareholder.Cardiff's most recent accounts, for the financial year ending 31 May 2025, showed Tan's loans to the club totalled almost £90m by the end of the 2024-25 season.His latest move reduces that figure significantly, although it has not yet appeared on Companies House.With Cardiff's overall liabilities standing at £161m, a sum of £37.3m is also owed to Tormen Finance, a company where chairman Mehmet Dalman has significant interest.Accounts show Cardiff pay around £7m in interest and similar expenses on that loan, although more than half of Tan's loans do not accrue interest.Bale eyes football club investment via new fundPublished1 hour agoCardiff City post £35m loss for last financial yearPublished27 FebruaryLatest Cardiff City news, analysis and fan viewsThe owner's conversion of debt into equity comes nearly a year after he rejected at least three takeover offers. It remains to be seen how this debt conversion might affect Tan's ownership of Cardiff, with Wales and Real Madrid great Gareth Bale refusing to rule out a fresh bid for his hometown club.The Bluebirds enjoyed a successful 2025-26 season, making an instant return to the Championship by winning automatic promotion from League One.Tan would have been reluctant to sell Cardiff in the third tier as the club's value would have been significantly reduced.And while being back in the Championship restores some of that value, he could have his eye on a third Premier League promotion of his tenure. There is a greater chance of making that leap next season, with the Championship play-offs exp...