The Malaysian Dream At Cardiff City Football Club Is In Tatters.

Cardiff City football fans have realised the Malaysian dream is over in the Welsh Capital as reality sets in.

Supporters of Championship Club Cardiff City appear to have realised that the big Malaysian dream they had of success under Malaysian ownership as the majority of the club’s fans want current Malaysian owner Vincent Tan to sell up and remove himself from the club as it sits perilously in heavy debt under the Malaysian ownership. However, it’s reported that the current owner, Tan, wants 200 million pounds to sell up after destroying the club under his mentorship.

The famous Welsh club even changed its traditional colours, from blue to red, in an attempt for football success under the Malaysians, with many glory-chasing supporters donning red shirts and holding up red scarfs in the belief Tan would lead them to the great heights of the football pyramid system. However, despite two promotions to the Premier League, both resulting in immediate relegations back to the Championship, the Malaysian regime appears to be not interested in a further attempt whilst clawing back as much revenue as possible whilst languishing at the bottom end of the Championship whilst just avoiding relegation again, as they operate the club on a shoestring whilst battling debts.

Tan, himself, has become a hated figure in Wales, as realisation has hit home; the Malaysian is clueless about how to operate a football club, which is backed up by the facts that all football clubs he owns after entering the football industry are also in the same dire straights.

Tan and the football industry clearly haven’t gelled at all, and the hopes of Cardiff City fans, who waved Malaysian flags and backed the club turning into a red institution as Tan claimed it was ‘ lucky red.’  now watch in disbelief as the club constantly changes managers and attempts to operate on ‘ budget buys’ when recruiting new players. However, after fan protests from some quarters, the club reverted to its traditional blue colour, but dissatisfaction continued to spread through the supporters’ ranks.

Tan, whilst a Billionaire, is also hitting massive losses in other business interests and, unlike at the start of his ownership, is rarely seen in South Wales, with current issues in his own country as the nationals boycott his Starbucks Franchise, costing him millions in lost revenues.

Meanwhile, the Cardiff club has lost a further 11 million despite slashing its playing budget. Cardiff City recorded losses of £11.09m for 2022-23 despite cutting the club’s wage bill by £8m.

It means the Bluebirds’ operating losses over the last three years have now passed £50m

The club’s latest set of accounts up to 31 May 2023 show a £6.34m increase in turnover, up to £26.22m, and a reduction in losses of £17.94m from £29.03m the previous year.

The Championship side received close to £30m in loans from the Malaysian businessman and connected parties during a campaign that saw the club avoid relegation in the season’s final weeks.

However, Cardiff repaid £2m of the monies owed to Tan, with a further £36.48m converted into shares.

It left the debt owed to the club’s majority shareholder last summer at £63.87m, a drop from the £73.04m recorded in the previous accounts.

In his statement accompanying the results, non-executive chairman Mehmet Dalman said: “While as a club we have gone through the enormous challenges we have faced over the last years, we have remained heavily reliant upon the continued financial support of our owner throughout this period.

“As a board and a club, we are extremely grateful for the continued support of our owner; without this, the future of the club would look much more precarious.”

Cardiff’s loans from other parties total £29m, including £26.3m to a finance company associated with Dalman.

The accounts state the club subsequently received further funding of £18.87m after the end of the reporting period while paying out £7.42m on player signings.

That was the first time Cardiff had been able to pay a transfer fee since the summer of 2022. The club had been under an embargo until it settled the balance of the deal for Nantes striker Emiliano Sala, who died in a plane crash en route to his new club in January 2019.

The accounts confirm the remaining instalments have been paid in full, although Dalman added: “As a board, we are determined to do what is in the best and long-term interest of the club to protect our position, especially in a situation where we as a club were the innocent party in the handling of the actual flight arrangements involving Emiliano.

“We… will now take our time over the actions we will take over the losses the club has suffered against Nantes and agents.”

Reflecting the season before the additions of players such as Wales captain Injury prone Aaron Ramsey, wages stood at £14.2m, down from £22.2m.

The year also saw Cardiff complete work on a new academy training facility, with the club saying further investment is planned and that they are close to a deal for a new first-team base with negotiations over a 150-year lease on the proposed site “very advanced”.

Cardiff expects work to begin shortly after the lease is agreed upon to be ready for the 2026-27 season.

Despite the promises from Dalman, fans say they have heard it all before from smooth-talking current Chairman.

‘ Tan’s reign has been a complete disaster from the start, and now our club is massively in horrendous debt; it’s a long way from Sam Hamman, who was blasted for 27 million debt whilst at the top of the Championship a few years back.

‘ We should have listened to those many fans who walked away and predicted this, but Tan and his cronies divided the fan base, and the majority of the fans went along with Tan; now the Malaysian dream is in total tatters; it’s only sooner than later we get relegated again as we battle the huge debts run up chasing success, but our board and owners have no clue about football at all.’ said one fan on the way to today’s game.

Another stated, ‘ We fell for the Malaysian dream hook, line and sinker. It’s been a total disaster. We’ve gone from a proper football club to some plastic Malaysian outfit—the club has been ruined totally.’