Vincent Tan will not be launching a bid to take over Spanish side Malaga, according to Wales Online.
Tan, 68, and his Berja group consortium emerged as candidates to take over the struggling La Liga 2 side earlier today. But 'sources close to Tan' have reported to Wales Online that the Chinese-Malaysian business isn't interested in tabling a bid for Malaga.
He became owner of Cardiff City in 2010 and has since acquired shares in several other football clubs, including Bosnian side HK Sarajevo, Belgian side KV Kortrijk and Los Angeles FC as well.
In the decade since his takeover, Tan has overseen two promotions to the Premier League, two relegations to the Championship, has redesigned the club crest, briefly change their colours to red, and has the Malky Mackay saga to his tenure too.
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