Cardiff City FC will soon be 'debt-free' says owner Vincent Tan
18 July 2013 Last updated at 17:04 BST
Cardiff City owner Vincent Tan says he is "days away" from an agreement with creditors Langston which would result in the club becoming debt-free.
The debt to Langston - whose spokesman is former Cardiff City owner Sam Hammam - was taken out in 2004, and is thought to be about £24m.
Mr Tan, receiving an honorary doctorate from the University of South Wales, said the deal was "in Sam's hands".
Mr Tan's total investment in the club so far was about £120m, he said.