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Tan could add LA franchise to his portfolio.

VINCENT TAN could be unveiled as the owner of a new American soccer side as the latest part of his football portfolio.

Reports in the States have strongly linked Tan as part of a consortium set for a $100m purchase of a Los Angeles franchise. It is claimed Tan would be a minority owner in the party that includes venture capitalist Henry Nguyen, Holywood producer and Los Angeles Dodgers co-owner Peter Guber and former NBA executive Tom Penn.

It comes after Tan - who already owns Bosnian side FK Sarajevo - revealed his investment into Cardiff has now reached PS170m, something he claimed he would have backed away from had he foreseen some of the difficulties faced.

"If I had known that it was so difficult and the problems we faced, maybe I wouldn't have invested," said Tan. "But it is a challenge and I believe that eventually this will end well and I can make this investment profitable.

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Title Annotation:Sport
Publication:Western Mail (Cardiff, Wales)
Date:Oct 2, 2014
Words:157
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