UK time is: 22:27:18
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Cardiff City's Financial Turn-Around

Cardiff City FC has gone from a club with crippling debts and an uncertain future, to a solid Championship side with a bright future and who made a decent profit in the last financial year.

The change of Chairman from Sam Hammam to Peter Ridsdale has restructured the clubs debt and allowed the stadium project to proceed. There is still a long way to go, but things have improved markedly behind the scenes at the club.


The profit arose not through selling all the teams stars, indeed we had a good season last time out (despite finishing meekly). Instead the sale of 1 man, Cameron Jerome for a hefty price allowed a replacement to come in and close to 3m left over.

We got a good price for Jerome, and have replaced him with an all round better prospect in a great bit of business for the club.


Chairman Peter Ridsdale spoke to BBC Sport about the turn-around:


'The accounts show the progress the club is making.'

'We've gone from being a club that was haemorrhaging cash and losing money. But this is just part of the milestone of getting into the new stadium.'



However, Ridsdale did give a warning to fans expecting rosy times and big signings in the short term:


'I would expect to see a rollercoaster between now and then because at a club of this size it is very difficult to make a profit without selling players.'



Ridsdale has previously stated he believes a club of this size should be doing better, hopefully he was talking about potential and will strive to ensure the club can provide Premiership football to the new stadium.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Bluebirdshroom Mail feedback, articles or suggestions

Date:Wednesday June 20 2007

Time: 10:31AM

Your Comments

The proff of the pudding will be in the eating!
sandgroanun
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Cardiff City Articles

Slade Targets Stoke Defender? (Monday January 26 2015)

Le Fondre's Bolton Move Confirmed (Monday January 26 2015)

Burgstaller's Contract Cancelled (Monday January 26 2015)

Peltier Joins On (Sunday January 25 2015)

Slade Demands A Big Response (Sunday January 25 2015)

Bo-Kyung Leaves Cardiff (Sunday January 25 2015)

Vital Report: Cardiff 1 Reading 2 (Sunday January 25 2015)

Stats: Cardiff v Reading (Saturday January 24 2015)

Cardiff City v Reading - Team Line-Ups (Saturday January 24 2015)

Archived Cardiff City Articles

List All Vital Cardiff Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results
Norwich 3 - 2 Cardiff
Cardiff 1 - 0 Fulham
Cardiff 2 - 4 Watford
Charlton 1 - 1 Cardiff
Cardiff 2 - 3 Brentford
Bournemouth 5 - 3 Cardiff

League Table (view table)

Team P W D L GD Pts
10. Blackburn 26 9 9 8 1 36
11. Birmingham 26 9 8 9 -8 35
12. Forest 27 8 10 9 -2 34
13. Cardiff 26 9 7 10 -3 34
14. Fulham 27 10 4 13 -7 34
15. Huddersfield 27 9 7 11 -10 34
16. Bolton 25 9 5 11 -4 32

Breaking League News

Hooiveld Does Make Den Move
Millwall : 26/01/2015 21:28:00
RUFC - Evans Not Sure If Pringle Will Stay
Rotherham : 26/01/2015 20:09:00
LUFC Bamba - Easy decision to join Leeds
Leeds Utd : 26/01/2015 20:06:00
Another boring cup draw for Royals
Reading : 26/01/2015 19:56:00
Derby Host Reading
Derby County : 26/01/2015 19:47:00

Current Site Poll (view all polls)

FA - Reading MotM
Suggested By:  Site Staff
Moore 34%
Fabio 0%
Morrison 0%
Turner 0%
Malone 33%
Harris 0%
Gunnarsson 0%
Whittingham 0%
Noone 0%
Jones 33%
Revell 0%
Sub - Connolly 0%
Sub - Adeyemi 0%
Sub - Macheda 0%