Premier League: Cardiff City manager Malky Mackay handed final say on transfers
Cardiff manager Malky Mackay will be given the final say on transfers in the wake of Monday's board meeting.
Last Updated: 15/10/13 7:00pm
A number of changes to the way the club's boardroom is structured have been announced, but there was no mention of the club's new head of recruitment Alisher Apsalyamov, who was a surprise and controversial appointment as replacement for Iain Moody, who had worked closely with Mackay before he was removed from his post.
Moody's departure had led to suggestions Mackay may also leave Cardiff but that was subsequently denied and the board were keen to offer their continued backing to the Scotsman after their latest meeting.
"In a scheduled board meeting, the board of directors of Cardiff City Football Club met yesterday, 14th October 2013," read a statement on the club's official website.
"The manager, Malky Mackay, was present by invitation as will be the case for all future board meetings.
"All aspects and matters relating to the present and the future of the club were fully discussed.
"In order for the club to grow and sustain its ability to be a competitive force in the Premier League, the board has made a number of decisions which will strengthen the club, support the executive team, manager and his staff and enhance shareholder return.
"Needless to say, the board discussed the events of the last two weeks in detail. The following resolutions were made;
1. The board will be restructured with immediate effect to include the following committees:
a. The nomination and corporate governance committee chaired by Mehmet Dalman. Its main responsibilities will be to support the manager, Malky Mackay, on all player purchases and sales. All transfer dealings will be conducted subject to the manager's final approval and to establish clear corporate governance procedures across the club.
b. An audit committee, chaired by Michael Filiou. Its main responsibility will be to review and make recommendations to strengthen the internal financial controls within the club and benchmark the club's financials.
c. Health & safety committee, chaired by Steve Borley. Its main responsibility will be to enhance the club's operations to the highest standards in health & safety.
d. Special committee for the expansion of Cardiff City Stadium - chaired by Steve Borley to oversee current East Stand expansion plans.
2. Tan Sri Vincent Tan has agreed to write off interest of approximately £5.8million on previous loans made to the club and stated that all future loans up to an aggregate value of £50million will also be interest free.
3. The board ratified the appointments of Mehmet Dalman as director and chairman of the board, Michael Filiou as non-executive director, and Amir Fitzhugh as company secretary. The board ratified the resignation of Mr Len Win Kong as a director of the club.
"The board believes that these changes establish a solid foundation for the club to grow. The changes were unanimously agreed by the entire board and the manager, Malky Mackay.
"Tan Sri Vincent Tan and the shareholding members of the board are fully in agreement with the above decisions. The shareholders, board and manager are fully committed to the long-term success of Cardiff City Football Club."