April 23 picture shows a Press Conference by Tan Sri Vincent Tan (left) on Cardiff City getting promoted to the English Premier League for 2013/2014. With him is his son Robin Tan, who is also the Berjaya Corp chairman.
Malaysian billionaire Vincent Tan is exploring an IPO of U.K football team Cardiff City as early as this year, people with knowledge of the matter told Reuters, in a deal that would follow the team's recent promotion to the Premier League.
Cardiff City would be the second Premier League team to float shares in a year, after Manchester United listed on the New York Stock Exchange, raising $233.2 million (154.6 million pounds) in the largest sports team IPO ever.
The process is in its early stages, the people said, with details on the timing, size and listing venue subject to change.
Continue Reading..
