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Thursday, 22 June, 2000, 06:18 GMT 07:18 UK
Hammam bids for Cardiff
Ninian Park Cardiff
New buyer comes forward for Cardiff City
Former Wimbledon owner Sam Hammam is set to buy Cardiff City in a deal worth more than 2 million.

The wealthy Lebanese businessman has tabled a verbal offer to purchase 80% of the Bluebirds after visiting Ninian Park last Friday.

The news will be a blow to Premiership giants Tottenham, who had headed a queue of London clubs looking to court Hammam since he sold his controlling interest in Wimbledon for 28 million.

Now Hammam, who masterminded the Dons for 22 years, has contacted City chairman Steve Borley about buying the club.


Sam Hammam
Sam Hammam: Offer
The initial offer totalling around 1.2 million from Hammam is thought to be worth under 25p per share, though, and the feeling was that was too low for the Cardiff directors who met Wednesday.

But if Hammam - working with Brentford owner Ron Noades - can come to an agreement the deal can be concluded within seven days.

There are 4.2 million City shares in issue, and another 4.5 million are already available for immediate purchase.

City directors would, though, have to ask shareholders for the go-ahead to issue more and allow Hammam to acquire a holding of over 80 %.

After Clive Sullivan's abortive 2.5 million takeover bid collapsed lastseason, Borley was attempting to play down the matter.


Steve Borley
Cardiff City chairman Steve Borley
"I have had talks with a number of people, and they will continue," said Borley.

But major shareholder and former chairman Samesh Kumar was delighted with Hammam's approach.

He said: "I know the talks are ongoing, and if Hammam and Noades do come on board that can only be fantastic news for Cardiff and its fans.

"They both know how a football club works and they have the experience to manage a club on a day-to-day basis and make a success of it."

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25 Feb 00 | Football
Hammam sells Wimbledon stake
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