| Cardiff City with big losses declared 03:53 - Feb 27 with 3729 views | ModeratorC |
Total losses over the years £284.9m
Anyone good at numbers ?
This post has been edited by an administrator |  | | |  |
| Cardiff City with big losses declared on 20:26 - Feb 27 with 1318 views | jack247 |
| Cardiff City with big losses declared on 20:23 - Feb 27 by Boundy |
and lot are not interested in international football |
Yes and fair enough.
However that was a direct response to OHLs post taking about Wales games. | | | |
| Cardiff City with big losses declared on 22:13 - Feb 27 with 1164 views | vetchonian |
"big club" big debt! | |
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| Cardiff City with big losses declared on 00:06 - Feb 28 with 1078 views | Demitrius |
| Cardiff City with big losses declared on 20:12 - Feb 27 by Whiterockin |
Coventry made £8.7M profit the season before, mainly down to the Gyorkeres transfer so are well within PSR. We lost £15M in the last declared financial year so are right on the limit. |
I'm told by people who know far more about this sort of thing that in light of those figures from CCFC : -
Our revenue will be slightly lower than theirs but then so is our wage bill and by a fair bit I'd imagine, and summer departures are likely needed to balance the books, though nothing in the pipeline as yet. The Walta deal was structured in a way to keep us in PSR compliance. and probably explains why it dragged out a bit
This isn't gospel just what I've heard third hand but reliable. |  |
| “Cunnilingus and Psychiatry brought us to this …” |
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| Cardiff City with big losses declared on 10:16 - Feb 28 with 918 views | KeithHaynes |
| Cardiff City with big losses declared on 00:06 - Feb 28 by Demitrius |
I'm told by people who know far more about this sort of thing that in light of those figures from CCFC : -
Our revenue will be slightly lower than theirs but then so is our wage bill and by a fair bit I'd imagine, and summer departures are likely needed to balance the books, though nothing in the pipeline as yet. The Walta deal was structured in a way to keep us in PSR compliance. and probably explains why it dragged out a bit
This isn't gospel just what I've heard third hand but reliable. |
It’s correct, they must have read the Indy 😉 |  |
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| Cardiff City with big losses declared on 10:41 - Feb 28 with 894 views | YrAlarch |
| Cardiff City with big losses declared on 15:19 - Feb 27 by onehunglow |
Does not like the Jacks
That’s fair enough
He’s honest at least
Let’s kill this friendly rivalry shite at internationals
Any Jack worth his salt has nowt but contempt for Cardiff football , rugby , baseball clubs
I’d sup with Lucifer before a blue turd |
Well, that input has really enhanced an interesting discussion of Cardiff City's financial affairs! | | | |
| Cardiff City with big losses declared on 10:45 - Feb 28 with 882 views | onehunglow |
| Cardiff City with big losses declared on 10:41 - Feb 28 by YrAlarch |
Well, that input has really enhanced an interesting discussion of Cardiff City's financial affairs! |
Well it has
It’s about Cardiff City and all who sail in her
No personal attacks and to the point
With honesty
These are the people referring to Swansea people as bin dippers etc
I dream they go to the wall | |
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| Cardiff City with big losses declared on 10:50 - Feb 28 with 874 views | Whiterockin |
| Cardiff City with big losses declared on 10:45 - Feb 28 by onehunglow |
Well it has
It’s about Cardiff City and all who sail in her
No personal attacks and to the point
With honesty
These are the people referring to Swansea people as bin dippers etc
I dream they go to the wall |
Enlighten us, what has your post got to do with the discussion of Cardiff City finances, its just more noise without thought, evaluation or relevance. |  | | |
| Cardiff City with big losses declared on 10:51 - Feb 28 with 861 views | onehunglow |
| Cardiff City with big losses declared on 20:26 - Feb 27 by jack247 |
Yes and fair enough.
However that was a direct response to OHLs post taking about Wales games. |
But it should not be personal should it
This always about Swansea and Cardiff , the tap largrst cities, the two largest clubs , no matter what Wrectim think
You can’t decry and hate a team one week and be called a gyppo or a bin dipper and next week have a jolly good craic with them in Zagreb whilst pisssed
Many stayed away from internationals because of this | |
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| Cardiff City with big losses declared on 12:17 - Feb 28 with 755 views | Whiterockin |
This is a post by rontom on the Cardiff forum and in my opinion is an excellent summary of the state of their finances and club.
Right, there’s a lot in that statement, so if you strip the emotion out and just look at the numbers and context, there are clear pros and cons.
First, the pros.
The big one is we’re still compliant. We met the Championship P&S rules and now the League One SCMP rules. That matters. Clubs like Derby County and Reading have shown what happens when you don’t. Points deductions, embargoes, chaos. We’ve avoided some of that.
The auditors signing off that the club is viable — with backing committed until January 2027 — is significant. Without Tan’s funding, we’re not operating at this level. That’s just reality, however people feel about him.
Relegation has forced wage cuts, squad trimming and the use of relegation clauses. Financially painful in the short term (lost £10m+ income), but structurally it may stop the wage bloat that built up in the Championship.
And finally, the £19.1m injected post year-end — non-interest bearing and not repayable. That’s effectively Tan underwriting.
Now the cons— and they’re serious.
£35.1m net loss. You can dress it up with “exceptionals” all you like, but we’re still burning around £30m a year in real terms. That is not sustainable without permanent owner subsidy.
Wages up 39% in a relegation season is indefensible from a performance point of view. Top six wage bill and relegated? That’s not bad luck — that’s strategic failure.
The debt level is the elephant in the room. £161.5m net current liabilities, with roughly £97m owed to Tan and £37.3m linked to Dalman interests. Yes, much of it is “soft debt”, but it’s still debt. We’re structurally reliant on one man’s willingness to keep covering losses.
And the prior-year audit adjustments don’t look great optically. Even if they’re technical disclosure changes, late submissions and changing audit views don’t scream stability.
As for the forum replies that I have read so far
Worcester’s point about mismanagement is fair. If you’re spending top-six money and going down, accountability sits in the boardroom as much as the dugout. Even though the man in the dugout was not up to the job, but selected by the people who are responsible for thie debt
Quakerman is right that many EFL clubs lose money — that’s the model. But we shouldn’t normalise it. Not all losses are equal. There’s a difference between controlled risk and £30m annual black holes.
SB 1927 is also right to challenge the “85%” stat. And he’s right that scale matters — debt near £300m gross over time (depending how you count historic shareholder loans) puts us at the heavier end.
The reality is this — the club is being propped up by Tan. Without him we’re not arguing about promotion, we’re arguing about administration.
That said, losing £30m+ a year while running a top-six wage bill into relegation is absolute mismanagement. Both things can be true.
Relegation might prove to be a reset on the pitch, but financially we’ve been reckless. You can’t keep banking on one owner covering mistakes forever.
Promotion isn’t just nice to have — it’s essential. Another year in League One and even with lower wages, the gap makes the hole bigger.
Long term? Either the model changes, or ownership does. Because this one only works while Tan feels like writing cheques. | | | |
| Cardiff City with big losses declared on 12:52 - Feb 28 with 715 views | onehunglow |
| Cardiff City with big losses declared on 12:17 - Feb 28 by Whiterockin |
This is a post by rontom on the Cardiff forum and in my opinion is an excellent summary of the state of their finances and club.
Right, there’s a lot in that statement, so if you strip the emotion out and just look at the numbers and context, there are clear pros and cons.
First, the pros.
The big one is we’re still compliant. We met the Championship P&S rules and now the League One SCMP rules. That matters. Clubs like Derby County and Reading have shown what happens when you don’t. Points deductions, embargoes, chaos. We’ve avoided some of that.
The auditors signing off that the club is viable — with backing committed until January 2027 — is significant. Without Tan’s funding, we’re not operating at this level. That’s just reality, however people feel about him.
Relegation has forced wage cuts, squad trimming and the use of relegation clauses. Financially painful in the short term (lost £10m+ income), but structurally it may stop the wage bloat that built up in the Championship.
And finally, the £19.1m injected post year-end — non-interest bearing and not repayable. That’s effectively Tan underwriting.
Now the cons— and they’re serious.
£35.1m net loss. You can dress it up with “exceptionals” all you like, but we’re still burning around £30m a year in real terms. That is not sustainable without permanent owner subsidy.
Wages up 39% in a relegation season is indefensible from a performance point of view. Top six wage bill and relegated? That’s not bad luck — that’s strategic failure.
The debt level is the elephant in the room. £161.5m net current liabilities, with roughly £97m owed to Tan and £37.3m linked to Dalman interests. Yes, much of it is “soft debt”, but it’s still debt. We’re structurally reliant on one man’s willingness to keep covering losses.
And the prior-year audit adjustments don’t look great optically. Even if they’re technical disclosure changes, late submissions and changing audit views don’t scream stability.
As for the forum replies that I have read so far
Worcester’s point about mismanagement is fair. If you’re spending top-six money and going down, accountability sits in the boardroom as much as the dugout. Even though the man in the dugout was not up to the job, but selected by the people who are responsible for thie debt
Quakerman is right that many EFL clubs lose money — that’s the model. But we shouldn’t normalise it. Not all losses are equal. There’s a difference between controlled risk and £30m annual black holes.
SB 1927 is also right to challenge the “85%” stat. And he’s right that scale matters — debt near £300m gross over time (depending how you count historic shareholder loans) puts us at the heavier end.
The reality is this — the club is being propped up by Tan. Without him we’re not arguing about promotion, we’re arguing about administration.
That said, losing £30m+ a year while running a top-six wage bill into relegation is absolute mismanagement. Both things can be true.
Relegation might prove to be a reset on the pitch, but financially we’ve been reckless. You can’t keep banking on one owner covering mistakes forever.
Promotion isn’t just nice to have — it’s essential. Another year in League One and even with lower wages, the gap makes the hole bigger.
Long term? Either the model changes, or ownership does. Because this one only works while Tan feels like writing cheques. |
That’s a long one
In short, a lot of money lodt
Sadly , they will certainly be promoted and will be giving it large again
Filthy club | |
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| Cardiff City with big losses declared on 13:37 - Feb 28 with 679 views | KeithHaynes |
| Cardiff City with big losses declared on 12:52 - Feb 28 by onehunglow |
That’s a long one
In short, a lot of money lodt
Sadly , they will certainly be promoted and will be giving it large again
Filthy club |
They will have to sign players, beating poor teams in league one doesn’t travel into the Championship that well. | |
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| Cardiff City with big losses declared on 17:38 - Feb 28 with 566 views | ReslovenSwan1 |
| Cardiff City with big losses declared on 13:00 - Feb 27 by wwcigne |
Hit them with a big points deduction and a transfer embargo
Although I bet the Welsh assembly and WFA would bail them out as they want everything up there |
There is no Welsh Assembly. It is called the Senedd. ( Capital S one N and two Ds).
Kindly etc. I know it is difficult. |  |
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| Cardiff City with big losses declared on 17:46 - Feb 28 with 555 views | Boundy |
| Cardiff City with big losses declared on 17:38 - Feb 28 by ReslovenSwan1 |
There is no Welsh Assembly. It is called the Senedd. ( Capital S one N and two Ds).
Kindly etc. I know it is difficult. |
Wag by name Wag by nature | |
| "In a free society, the State is the servant of the people—not the master." |
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| Cardiff City with big losses declared on 18:20 - Feb 28 with 531 views | jack247 |
| Cardiff City with big losses declared on 10:51 - Feb 28 by onehunglow |
But it should not be personal should it
This always about Swansea and Cardiff , the tap largrst cities, the two largest clubs , no matter what Wrectim think
You can’t decry and hate a team one week and be called a gyppo or a bin dipper and next week have a jolly good craic with them in Zagreb whilst pisssed
Many stayed away from internationals because of this |
I don’t go to Wales games regularly at all, but every time I have, I’ve enjoyed the atmosphere. Compare that to twenty years or so ago when you had to be half on your guard all the time.
A lot of people there are very much just Wales fans and the vast majority of us that aren’t, from Swansea and Cardiff, realise that we’re there to support our country, not for club feuds. There is still the odd idiot but nothing like it used to be.
So no, it’s not personal, but yes it does rankle when an internet fan tells match going fans how to behave at games. You must have the self awareness to see that.
You seem to be under the impression we’re all wearing half and half scarves and doing the Ayatollah with them in the canton pubs. It just isn’t like that. | | | |
| Cardiff City with big losses declared on 18:35 - Feb 28 with 513 views | onehunglow |
| Cardiff City with big losses declared on 18:20 - Feb 28 by jack247 |
I don’t go to Wales games regularly at all, but every time I have, I’ve enjoyed the atmosphere. Compare that to twenty years or so ago when you had to be half on your guard all the time.
A lot of people there are very much just Wales fans and the vast majority of us that aren’t, from Swansea and Cardiff, realise that we’re there to support our country, not for club feuds. There is still the odd idiot but nothing like it used to be.
So no, it’s not personal, but yes it does rankle when an internet fan tells match going fans how to behave at games. You must have the self awareness to see that.
You seem to be under the impression we’re all wearing half and half scarves and doing the Ayatollah with them in the canton pubs. It just isn’t like that. |
Well, we will definitely have a chance to share a beer next season , assuming we stay up
I remember people saying we were safe under Carlos the Clown | |
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| Cardiff City with big losses declared on 20:13 - Feb 28 with 453 views | jack247 |
| Cardiff City with big losses declared on 18:35 - Feb 28 by onehunglow |
Well, we will definitely have a chance to share a beer next season , assuming we stay up
I remember people saying we were safe under Carlos the Clown |
It’s a bubble. Possibly wasn’t the case last time you went | | | |
| Cardiff City with big losses declared on 08:48 - Mar 1 with 366 views | KeithHaynes |
This side isn’t going down, and after three months of Matos in charge he isn’t going anywhere either. I realise the board changed their mind on Sheehan after two shocking results but Matos could have another two shocking results and he would still be head coach.
Anyone calling for his head isn’t worth listening to.
There aren’t any positives really from yesterday, Matos has a week to retune his squad. | |
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| Cardiff City with big losses declared on 09:03 - Mar 1 with 351 views | jack247 |
| Cardiff City with big losses declared on 08:48 - Mar 1 by KeithHaynes |
This side isn’t going down, and after three months of Matos in charge he isn’t going anywhere either. I realise the board changed their mind on Sheehan after two shocking results but Matos could have another two shocking results and he would still be head coach.
Anyone calling for his head isn’t worth listening to.
There aren’t any positives really from yesterday, Matos has a week to retune his squad. |
You’d have to be a serious weapon to think we’ve got any chance of going down or that Matos should be sacked | | | |
| Cardiff City with big losses declared on 10:09 - Mar 1 with 312 views | onehunglow |
| Cardiff City with big losses declared on 08:48 - Mar 1 by KeithHaynes |
This side isn’t going down, and after three months of Matos in charge he isn’t going anywhere either. I realise the board changed their mind on Sheehan after two shocking results but Matos could have another two shocking results and he would still be head coach.
Anyone calling for his head isn’t worth listening to.
There aren’t any positives really from yesterday, Matos has a week to retune his squad. |
Nobody can be confident about anything in this league
Nobody
We look safe enough but could lose the next three games quite easily
Looking at recent performances , how can anyone really have a warm feeling
Weds down
Oxford can best teams above
Then , West Brom , Blackburn , Pompey ?
Are we certs to finish above them
Smell coffee folks
Ronald replaced Yalcoure yesterday
Cullen started a game
Burgess turning away from a shot in case he got hit by the ball
Cabango trying to play balls out
Tymon s grotesque faffing about
These foolish things are facts that cost
I think Matos can go on to be a very good coach and it might well be down to the players
We need Idah back asap and hop he progresses
Who knows
Have a lovely day y’ all
Peace and love
We might not have much time left | |
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| Cardiff City with big losses declared on 10:38 - Mar 1 with 298 views | jack247 |
| Cardiff City with big losses declared on 10:09 - Mar 1 by onehunglow |
Nobody can be confident about anything in this league
Nobody
We look safe enough but could lose the next three games quite easily
Looking at recent performances , how can anyone really have a warm feeling
Weds down
Oxford can best teams above
Then , West Brom , Blackburn , Pompey ?
Are we certs to finish above them
Smell coffee folks
Ronald replaced Yalcoure yesterday
Cullen started a game
Burgess turning away from a shot in case he got hit by the ball
Cabango trying to play balls out
Tymon s grotesque faffing about
These foolish things are facts that cost
I think Matos can go on to be a very good coach and it might well be down to the players
We need Idah back asap and hop he progresses
Who knows
Have a lovely day y’ all
Peace and love
We might not have much time left |
Are we certs to finish above Oxford, West Brom, Blackburn and Pompey? Yes
Ronald replaced Eom
Franco replaced Yalcouye | | | |
| Cardiff City with big losses declared on 11:14 - Mar 1 with 277 views | JJBomber |
| Cardiff City with big losses declared on 17:38 - Feb 28 by ReslovenSwan1 |
There is no Welsh Assembly. It is called the Senedd. ( Capital S one N and two Ds).
Kindly etc. I know it is difficult. |
There aren't any Ds in Senedd, as dd is a different, single letter in Welsh. | | | |
| Cardiff City with big losses declared on 14:31 - Mar 1 with 207 views | AguycalledJack |
| Cardiff City with big losses declared on 11:14 - Mar 1 by JJBomber |
There aren't any Ds in Senedd, as dd is a different, single letter in Welsh. |
Its full of big tits though. | | | |
| Cardiff City with big losses declared on 14:39 - Mar 1 with 200 views | onehunglow |
| Cardiff City with big losses declared on 10:38 - Mar 1 by jack247 |
Are we certs to finish above Oxford, West Brom, Blackburn and Pompey? Yes
Ronald replaced Eom
Franco replaced Yalcouye |
Not all of them
Not certain at all
Yalcoure replaced when playing decent | |
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| Cardiff City with big losses declared on 16:21 - Mar 1 with 166 views | bennytheblue |
Hey folks been a while since I came on for a nose.
I’d like to think the days of signing people like el ghazi, kanga and Ramsey on big wages are a thing of the past. Paying off two taxi drivers masquerading as managers was another expensive lesson for our Vincent. Has he finally learnt? 17 players gone, 50% cut in wages for the rest and a good deal of youth thrown in. If we can keep the likes of Lawlor, the Colwill brothers, Kellyman, wintle and Robertson we will do ok but it’s hard to tell as the standard in finishing in particular is so much worse in league 1. You can give them a few chances and most will miss. That doesn’t happen in the champ.
My biggest concern is Tan, as ever. It’s been so nice not having him meddle at all. Let’s hope he’s lost the bug as I’ve no faith he can still run a club properly financially as shown in last years finances, even though it appears he’s found a decent manager for the 1st time.
If we make it up, it will be interesting…. |  | | |
| Cardiff City with big losses declared on 16:35 - Mar 1 with 155 views | ReslovenSwan1 |
| Cardiff City with big losses declared on 11:14 - Mar 1 by JJBomber |
There aren't any Ds in Senedd, as dd is a different, single letter in Welsh. |
I did not want to confuse the poster so I tried to make it as easy as possible.
Your 'Sais' like to over compensate and shove a random y in there at times for no reason.
(As in "scrap the Sennydd" from Susan for Barmouth) . | |
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