Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Cardiff City's Debt Increases Despite Premier League Cash

Mon 2nd Mar 2015 | Money & Finance

Cardiff City’s total debt amounts to £174m according to their latest accounts.

The Welsh club, who were relegated from the Premier League at the end of last season also revealed a loss of almost £12m.

The accounts, which cover the year ending May 2014, show that revenue increased from £14.5m to £79.9m thanks mainly to £63.9m of Premier League broadcast payments.

During the accounting period, Cardiff spent £45m on transfers and paid £46.7m on wages.

However, losses were down mainly due to money from the Premier League broadcasting rights, falling from £30.9m in the 2012/2013 promotion season to £11.7m.

Net debt stands at £81m – up from £69.3m - with the value of Cardiff City Stadium and the playing squad offsetting some of the monies owed. The club themselves are owed £15.7m.

Gate receipts increased from £6.2m to £8.2m while “centralised broadcasting and commercial distributions” rose from £4.8m in the Championship, to £63.9m.

Owner, Vincent Tan, made his first visit to the club since they were relegated from the Premier League in May 2014 this weekend wearing the club's blue kit.

Image: Action Images / Rebecca Naden Livepic

Posted by: Aaron Gourley

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk  

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...