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Tan getting cold feet in kortrijk?

Wed Aug 14, 2019 7:19 pm

Belgium: Tan getting cold feet in Kortrijk?


14.08.2019 source: HLN.be

Belgium: Tan getting cold feet in Kortrijk? Vincent Tan might not end up being the preferred private partner on KV Kortrijk’s proposed new stadium. But even if he shows no interest, the city intends to build the stadium with a different partner.

The Malaysian-Chinese businessman is famous for his football empire, already consisting of four teams in Europe and USA. But in one of these cases it seems Tan isn’t as bold as he might seem at first glance.

The entrepreneur has already asked twice to postpone decision on his involvement in a public-private stadium project for KV Kortrijk. The proposed 15,000-seater within the Evolis business area will go ahead only with a private partner. Tan is obviously the most anticipated one, since he owns the football club. But now the municipality is saying they cannot wait forever.

“He received a document with, among other things, all prices and conditions. These are really interesting conditions. Because you can combine a new stadium with commercial uses. In other words: you can make a profit out of it as an investor. We want clarity now. because the project is in danger of being delayed. New stadium in Kortrijk

“As the owner of KVK, Vincent Tan is given the first choice to invest in the project. But if he doesn't want, there are other options. For example, there are many Belgian companies that are interested in handling the file.” says municipal officer for sports Arne Vandendriessche.

As you may recall from our previous coverage, the project offers a very attractive location just off the highway to Ghent. It would become a major leisure destination with the stadium, possibly hotel, trampoline park and other uses, all with great pedestrian and bicycle access. The only thing not welcome within it is significant retail use.

As things stand, decision from Vincent Tan is expected to come around September.
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Re: Tan getting cold feet in kortrijk?

Wed Aug 14, 2019 7:56 pm

Understandable though. No ambition in that league really. Just like him selling his share of the LAFC he’s hopefully going to cut down on football and give whatever football funds he has into one club only, Cardiff :)

Re: Tan getting cold feet in kortrijk?

Wed Aug 14, 2019 8:14 pm

Deep Blue FC wrote:Understandable though. No ambition in that league really. Just like him selling his share of the LAFC he’s hopefully going to cut down on football and give whatever football funds he has into one club only, Cardiff :)


Or maybe he's looking to get out of football completely and Cardiff is the most difficult club to find a buyer for given it's current level of debt?

Just a thought.

Re: Tan getting cold feet in kortrijk?

Wed Aug 14, 2019 8:27 pm

davids wrote:
Deep Blue FC wrote:Understandable though. No ambition in that league really. Just like him selling his share of the LAFC he’s hopefully going to cut down on football and give whatever football funds he has into one club only, Cardiff :)


Or maybe he's looking to get out of football completely and Cardiff is the most difficult club to find a buyer for given it's current level of debt?

Just a thought.


It’s a lot less than it once was....another promotion and I’d say we could be debt free

Re: Tan getting cold feet in kortrijk?

Wed Aug 14, 2019 8:33 pm

goats wrote:
davids wrote:
Deep Blue FC wrote:Understandable though. No ambition in that league really. Just like him selling his share of the LAFC he’s hopefully going to cut down on football and give whatever football funds he has into one club only, Cardiff :)


Or maybe he's looking to get out of football completely and Cardiff is the most difficult club to find a buyer for given it's current level of debt?

Just a thought.


It’s a lot less than it once was....another promotion and I’d say we could be debt free


Which could make it easier for him to get rid of.

No doubt we will see in due course.

Re: Tan getting cold feet in kortrijk?

Wed Aug 14, 2019 9:24 pm

davids wrote:
goats wrote:
davids wrote:
Deep Blue FC wrote:Understandable though. No ambition in that league really. Just like him selling his share of the LAFC he’s hopefully going to cut down on football and give whatever football funds he has into one club only, Cardiff :)


Or maybe he's looking to get out of football completely and Cardiff is the most difficult club to find a buyer for given it's current level of debt?

Just a thought.


It’s a lot less than it once was....another promotion and I’d say we could be debt free


Which could make it easier for him to get rid of.

No doubt we will see in due course.


Well,even if that is the case (making it/us easier to get rid of) we will be a lot more attractive to potential investors/buyers,being debt free and all that :thumbup: :old: :bluebird:

Re: Tan getting cold feet in kortrijk?

Thu Aug 15, 2019 11:47 am

If he gets us debt free and then sells I for one would be quite worried what the future holds.

I hope he stays around for years, we have always struggled for investors and whoever he sells to it would be a lottery as to whether they were in it for the right reasons or not.

Hopefully he will be prudent as to who he moves us on to when the time comes

Re: Tan getting cold feet in kortrijk?

Thu Aug 15, 2019 7:12 pm

RV Casual wrote:If he gets us debt free and then sells I for one would be quite worried what the future holds.

I hope he stays around for years, we have always struggled for investors and whoever he sells to it would be a lottery as to whether they were in it for the right reasons or not.

Hopefully he will be prudent as to who he moves us on to when the time comes



Spot on :thumbup:
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