Usain Bolt buys Cardiff City F.C. from Vincent Tan

The first person to hold both the 100 metres and 200 metres world records since fully automatic time became mandatory, Usain Bolt, is the new owner of Cardiff City Football Club.

The change of ownership comes after embattled soccer owner Vincent Tan thrown in the towel. The Malaysian businessman had earlier on denied selling the one-time Premier League team Cardiff City but close sources told us that “he was in talks with Usain Bolt”.

The Jamaican sprinter on Wednesday morning paid 50 million pounds being full payment for purchase of the football team.

Bolt says he will “take the club to greater heights”. The teams currently sit at 12th in the Championship.

Vincent Tan Photographer: Michael Steele/Getty Images

Tan, who leads the Malaysian conglomerate Berjaya Group, has grown increasingly unpopular with Cardiff fans since buying the team in 2010. Under his ownership, the team was promoted to the Premier League, then relegated to the second division again, where it’s currently in the middle of the table. Fans also howled at some of Tan’s efforts to raise the team’s global profile, including changing the color of the Bluebirds home jersey to red.

In July, China’s Fosun International Ltd. paid about 45 million pounds for Wolverhampton Wanderers, who are currently 11 points behind Cardiff City. Tan would also consider selling his soccer portfolio as a whole, said one of the people.