Vincent Tan MLS Adventure – the Malaysian billionaire has taken a stake in Los Angeles FC writes football betting tips site FC Bodog.
Tan already owns Championship side Cardiff City but has teamed up with former NBA star Magic Johnson and a group of other investors to buy the MLS soccer franchise.
Los Angeles FC will join the MLS in the 2017 season. Managing director of the new franchise, Henry Nguyen, says that the investors have ambitious plans to “become a globally-recognised brand”.
Tan also owns Bosnian side FK Sarajevo but said that his stake in the Californian outfit is only a small one.
“That’s my personal, private investment. I believe the MLS will be a good investment. I enjoy investing in a football club and I believe that you can make money in a football club,” said Tan.
It is interesting to hear Tan talk about the “making money” aspect. Football clubs have been the lifeblood of many British communities for over a hundred years. Making a profit from the passion and loyalty of supporters is something that is becoming ever more crucial to the new breed of owner in the British game.
Tan caused controversy when he made Cardiff change their home kits from their traditional blue to what he perceives as the luckier colour of red.
Some have described him as a “Bond villain” but Tan says that he “is more like James Bond”.
Tan continued: “I didn’t really start off well investing in football, I wasn’t that lucky. But there are a lot of clever owners who make money every year so I now understand the business so much better.
“I joked that I invested so much money in Cardiff and it is my tuition fees to learn the football business.”
Meanwhile Tan has threatened several football agents with legal action.
The Malaysian is unhappy about the sizes of fees paid to agents under previous manager Malky Mackay. Tan recently axed Mackay’s replacement Ole Gunnar Solskjaer.
Tan promised: “There’ll be some court case coming up over this. I happened to have a manager who I think overspent.
“I think he overpaid a lot of players, paid the agents too much agent fees.”
Cardiff have won five of their opening 14 games in this season’s Championship and are 34.00 odds to win the league. The Bluebirds are rated at 9.00 odds to win promotion back to the Premier League.
Cardiff host Leeds United on Saturday and are expected to win. Cardiff are unbeaten in the last eight meetings at home and are 1.83 odds to win the game.
Vincent Tan MLS Adventure or Misadventure? Whatever outcome it will be interesting to witness!