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Cardiff City Owner Vincent Tan Pays $5.7M To Add Belgian Club KR Kortrijk To Empire

League Championship side Cardiff City Owner Vincent Tan has "added to his growing football empire after buying Belgian Pro League club KV Kortrijk" for a reported fee of €5M ($5.7M), according to Simon Gaskell of WALES ONLINE. Tan will reportedly travel to Kortrijk, in West Flanders, "to outline his plans for the club a week on Thursday, when the club takes on Anderlecht" in the playoffs. The club's board is set to "remain in place and the club, which finished fifth in the table behind FC Bruges, Gent, Anderlecht and Standard Liege, will retain its traditional red and white colours." Confirmation of a deal means Tan has interests in four clubs -- Cardiff City, FK Sarajevo, new Major League Soccer franchise L.A. FC and now KV Kortrijk (WALES ONLINE, 5/12). The BBC reported Cardiff City CEO Ken Choo will serve as director for Kortrijk. He said that Kortrijk's owners -- the De Gryse family -- have signed "an agreement" with Tan "regarding the sale of shares" in the club. Choo said in a statement, "A number of clear arrangements have been made to ensure that the club maintains its identity, while the daily management of the club will not change" (BBC, 5/12).

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