Vincent Tan 'extremely upset' with Mackay

Cardiff City owner Vincent Tan has told the club's manager Malky Mackay that he'll not get 'a single penny' to strengthen his squad after Christmas.

In a statement released through club Chief Executive Simon Lim, Tan pointed to a transfer over-spend of £15million in the summer - a figure Mackay has disputed. Nick Hartley reports.

Cardiff City boss Malky Mackay says he "will not resign his post" despite criticism from club owner Vincent Tan.

Mackay said he was "surprised" after Tan issued a statement saying he was "unhappy" with his manager. For more on this story visit ITV Sport.

Cardiff City owner Vincent Tan is said to be 'extremely upset' with the club's manager Malky Mackay, after he revealed plans to make three new signings in January, without putting plans to the board first.

Tan, who claims he spent a total of £50 million on deals over the Summer, warned Mackay on Monday night he'll receive 'not a single penny' for transfer window deals.

Chief executive Simon Lim released a statement that outlined Tan's disappointment.

He said: "Tan Sri Vincent Tan was extremely upset to read quotes from the manager concerning the possibility of new recruits, before he had been informed whether funds would be made available.

"He believes that doing so unfairly raises supporter expectations, placing unnecessary pressure on the club."