Gareth Bale-led consortium submits offer to buy Cardiff from Vincent Tan

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"Gareth Bale's Consortium Makes Offer to Acquire Cardiff City from Vincent Tan"

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A consortium led by former footballer Gareth Bale has officially submitted a bid to purchase Cardiff City, the club where he began his career. Bale, who has recently retired after a successful tenure with clubs like Real Madrid and the Welsh national team, aims to revitalize Cardiff following its relegation to League One, marking the first time the club has fallen to the third tier since the 2002-2003 season. Bale expressed confidence in his consortium's offer, describing it as both serious and fair, while awaiting a response from current owner Vincent Tan. The financial specifics of Tan's valuation or his willingness to sell remain unclear, though he has invested over £200 million in the club since acquiring it in 2010. Bale's interest in the club is deeply personal; he has nostalgic ties to Cardiff, having grown up there and with family connections to the club.

Bale articulated his vision for the club, emphasizing his desire to engage with the local fanbase and elevate Cardiff back to the Premier League, where he believes it belongs. In previous statements, he referred to a potential takeover as a "dream come true" and highlighted the importance of the club to him and the community. The composition of Bale's consortium is not fully disclosed, but there are indications that it includes investors from the United States. His initial proposal was reportedly rejected by Tan last month, which raises questions about the future of the negotiations. In response to the club's relegation, Tan acknowledged the challenges faced by the team and expressed his commitment to restoring Cardiff's status in the Championship, indicating that he is still focused on achieving success for the club in the near future.

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A consortium spearheaded by Gareth Bale has submitted an offer to buyCardiff City, his hometown club. The former Real Madrid and Wales star believes he is the ideal candidate to turn around Cardiff’s fortunes after relegation to League One, the club dropping into the third tier for the first time since 2002-2003.

Bale and his team are awaiting a response from the Cardiff owner, Vincent Tan, but believe their offer is serious and fair, and are thought to be optimistic it could be accepted. Tan’s valuation of the club or whether he is open to selling is unclear but the Malaysian billionaire has invested more than £200m since buying it in 2010.

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Last month Bale outlined his intentions to buy Cardiff, describing a possible takeover as “a dream come true”. The 35-year-old former forward, who retired after a glittering playing careerin 2023, added: “We are interested in getting Cardiff. It’s my home club, it’s where I grew up and my uncle [Chris Pike] used to play for them. To be involved with an ownership group would be a dream come true.“It is a club close to my heart and I would love to be able to be a part of growing Cardiff and taking it to the Premier League where it belongs. I know how amazing the Welsh fans and Cardiff fans are. It would be amazing to try and do something together. We are trying to engage with Cardiff and more news will come out on that in the future, but hopefully we can get something done.”The makeup of the group led by Bale is unknown but it is thought to include US investors. Last month an initial proposal by Bale’s consortium was reportedly dismissed by Tan. Cardiff have been approached for comment.Bale, who won the Champions League five times with Real, was linked with a move to Cardiff towards the end of his playing career, before the 2022 World Cup, which he finished in the US with Los Angeles FC.In a statement after relegation, Tan, who last month appointed Brian Barry-Murphy as the club’s new head coach, said: “Not all decisions when it comes to the first team have worked as I had hoped for us. To lose our place in the Championship is upsetting. The important thing is that we regain it at the earliest opportunity and I would like to take this chance to tell you that I am committed to getting us back.”

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Source: The Guardian