Business tycoon Vincent Tan has denied reports that he is letting go of Welsh football side Cardiff City FC (CCFC), stating that he is not selling the club or any of the other football franchises he owns, for the moment.

"For the record, I have no plans to sell any of the clubs but if I am offered the right price, I will certainly consider," he said in a statement.

Though he added that he has always publicly said that except for his family, all his businesses are for sale at the right price.

"I do not fall in love with my businesses," said Tan.