Vorstandsabteilung » 0m after reducing the clubs debt

Cardiff City owner Vincent Tan has written off £68m of the Sky Bet Championship clubs debt. China Jerseys Cheap . Tan has converted the debt into equity and pledged the club will be debt-free within five years - he hopes the plan will lead to Cardiffs transfer embargo being lifted.He made the announcement at the Cardiff City Stadium where he was hosting a Q&A session with supporters. Tan will also write off a further £10m after reducing the clubs debts by £13m last season, with £8m more debt being converted into equity over the next five years to make City debt-free by 2021.Because we have recently reached agreement with one of the clubs long-standing creditors, we are in a better position to convert our loans into equity, Tan told Sky Sports News HQ.I wont mention the persons name, but I think hes the luckiest man in the world. He got all his money back plus more, so thats done and dusted.It is a good time to do something that we have said all along we would do.The losses are very big when you get relegated from the Premier League and so based on FFP rules we have lost more than we are allowed so we got the embargo. We are working towards having this embargo lifted.A senior player at Cardiff told Sky Sports News HQ: Its an unbelievable gesture from the owner.He gets some stick from fans and former players but hes put his money where his mouth is…todays announcement is greatly appreciated in the dressing room. Also See: Cardiff video Cardiff fixtures Cardiff stats Bet ￡5 Get ￡20 Free Fake China Jerseys . JOHNS, N. China Jerseys Wholesale . Kuznetsov, who was selected by the Capitals in the first round of the 2010 NHL Entry Draft, has been playing for his hometown team Chelyabinsk Traktor of the KHL. https://www.chinajerseyscheap.us/ .com) - The game was all punts and field goals before Kodi Whitfields catch. MORRISON, Colo. -- Courtney Force led a night of track-record performances by racing to the qualifying lead Friday at the Mopar Mile-High NHRA Nationals at Bandimere Speedway.Teams in all categories took advantage of cool conditions as the racing was delayed until late in the evening after a series of afternoon thunderstorms moved through the area.Force powered her Chevy Camaro to a track-record time of 3.917 seconds at 318.39 mph to take the qualifying lead. In the first session, her father, John Force, posted a milestone run when he sped to the first three-second Funny Car run in track history at 3.959.Steeve Torrence (Top Fuel), Erica Enders (Pro Stock) and Andrew Hines (Pro Stock Motorcycle) were leaders in their respective classes at the NHRA Mello Yello Drag Racing Series event. China Jerseys Stitched. Torrence set a track record of 3.776 at 325.14 in his dragster to lead Top Fuel qualifying.Enders, the defending world champion, led Pro Stock qualifying with a 6.963 at 197.74 in her Dodge Dart.Hines paced Pro Stock Motorcycle with a track-record time of 7.161 at 185.36 on a Harley-Davidson. ' ' '