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Cardiff Bluebirds become the Red Dragon next season

Cardiff City who are reportedly losing £1m per month are to get new investment from the Malaysian investors after the club agreed to plans to rebrand the club, including changing the kit from blue to red and introducing a new red dragon badge.

The controversial proposal had been dropped due to "vociferous opposition", but the scale of the proposed investment has made some fans have a change of heart as the club seeks to get into the Premier League.

Cardiff Supporters' Trust chairman Tim Hartley said: "We welcome news about the proposed investment, stabilisation of the club's finances and especially the commitment to clearing our historic debts.

"However, there are still questions that need to be answered such as what happens to the proposed investment if there is no deal over historical debts with Langston and how much will actually be invested and over what period."

Cardiff's owners have already invested about £40m since Tien Ghee first joined the Cardiff board in November 2009.

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