Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
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

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...