Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Franchises

EPL Side Cardiff City FC Reaches Deal To Settle Long-Standing Debt With Langston

EPL side Cardiff City FC Owner Vincent Tan said that the team "has reached a deal over its long-standing debt with Langston," according to Nick Servini of the BBC. The debt to Langston -- whose spokesperson is former Cardiff City Owner Sam Hammam -- was taken out in '04, and is thought to be about £24M ($37M). Tan has previously said that an agreement with Langston "would pave the way to the club becoming debt-free" (BBC, 7/23). The BBC's Mai Davies reported Cardiff City fans "are calling on the club's owner to reveal more details about a deal to settle £24M in debts to creditors" Langston Corp. Trust Chair Tim Hartley said that "more transparency was needed about the arrangement to explain to fans what exactly has been agreed" (BBC, 7/23).

BRIGHT FUTURE: WALES ONLINE's Carl Curtis commented Tan and Hammam reached agreement and "suddenly the future looks bright." There are those who "will argue against Sam returning, but he is back as life president and overall the deal paves the way towards a debt-free club." A long-standing debt "has finally been resolved." That is "a reason to celebrate." Tan made promises when he rebranded the club and so far "he is delivering." Tan has helped the club to achieved EPL status, work will start on the stadium expansion in October a brand new training ground facility is on the way and now he has settled a large debt (WALES ONLINE, 7/24).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/07/25/Franchises/Cardiff-City.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/07/25/Franchises/Cardiff-City.aspx

CLOSE