T.G. unveils his vision for Splott

There were encouraging whispers following Steve Borley's visit to Malaysia last week and they have been followed up with what appear to have been highly successful talks in Cardiff yesterday as T.G. flew in from the Far East to meet with Mike Hall representing P.M.G. (City's laregest secured creditor who are owed almost £10M) and subsequently the Board of the club.

It is believed T.G., apparently backed by the seriously wealthy Vincent Tan, have offered 9p a share for a controlling interest in the club and a £6M investment pagkage initially. That offer is a far cry from the 45p price quoted by Peter Ridsdale when talks between the parties started last year. Clearly, the Malaysians have been shrewd, bided their time and waited for the right opportunity - quite rare to see some business sense taking place around our club!

Talks went so well that the club and T.G. issued a joint positive statement late last night while T.G. also spoke on the phone to Matt Gabb of the London-based 1927 Club for fans telling him, "subject to a few conditions, I'm in".

All encouraging then although the final deal is not expected to be confirmed until next month and there is no Plan B for the club. It is deal or bust and the next 10 days are absolutely critical with a large wage bill on the horizon.

What also remains unclear is whether Peter Ridsdale is to remain on the scene. Fans would be disappointed, upset even, if he continues to play a role at the club. Whiel rumours abound that the Malaysians do not want Ridsdale at Sunday's home game with Watford, his rented property in Cowbridge has a new 'for rent' sign outside and a severance package was to be offered, Peter Ridsdale made sure he met T.G. on arrival in the U.K., he took hiom to meet Cardiff City council leader Rodney Berman (haven't a clue why) and he seems to have been fully involved in the meetings that have taken place.

CARDIFF CITY STATEMENT

Fri 19 Mar 2010

Cardiff City Football Club

The Board of Directors of Cardiff City Football Club and Dato' Chan Tien Ghee (Tg) are pleased to confirm that discussions over the last few days have continued in a positive and productive manner with a view to a further planned investment in the football club.

Both parties are working towards this further investment being concluded by the end of April this year. Investment will be subject to the satisfaction by the Club of a number of conditions which are designed not only to stabilise the finances of the football club but also to ensure that the club is structured appropriately to build on the progress that has already been made.

TG said: "I am extremely hopeful that with goodwill on all sides we will be able to conclude matters quickly and for the benefit of the Club and I look forward to playing my part in the future success of Cardiff City."

19^th March 2010