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Cardiff plan £100m spend

After Cardiff said they were going ahead with plans to rebrand the club, including changing the kit from blue to red and introducing a new badge incorporating a Welsh dragon the Malaysian owners have detailed their plans to invest £100m into the squad, facilities and repayment of the Langston debt.

The colour change, which has caused protests from fans, is part of the investment pledge, with the owners insisting the use of a dragon will expand the club's appeal in "international markets" and "will give this club a new focus and dynamism".

The: "I would like to emphasise that I hold no desire to trample on club history or heritage and would be saddened if supporters thought that this was my intention."

Owner Vincent Tan explains: 

"There is no reason why any existing supporter needs to feel disen­fra­nchised. This is and always will remain your club."

The owners hope the significant cash for squad strengthening will help their bid for top-flight status and end what they say is an operating loss of £1m a month.

In the club statement, Tan confirmed: "Cardiff City is expecting a cash injection in the amount of £35m to meet its financial obligations for the period from now until May 2013, including a substantial amount for squad strengthening within budgets.

"This further £35 million cash injection coupled with my earlier investment of £40.8 million will add up to a very sizeable £75.8 million invested in the club.

"In addition to this, we have budgeted £10 million for the new Premier League standard training facilities and £12 million to increase the stadium capacity by an additional 8,000 seats to 35,000 seats.

FS
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