Vital Football

Latest Cardiff City News

Cardiff City's Financial Turn-Around

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.



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

Writer:Bluebirdshroom
Date:Wednesday June 20 2007
Time: 10:31AM

Comments

0
The proff of the pudding will be in the eating!
sandgroanun
21/06/2007 23:29:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Cardiff City Articles

FA End Betting Sponsorship

Late yesterday afternoon, the Football Association announced the result of its three month review of their relationship with gambling companies and that association now comes to an end.

Sky Confirm TV Selection Windows For 2017/18

With the release of the EFL fixture lists on Wednesday morning, Sky Sports have released their outline giving fans an idea of when television selections will be made this season.

2017/18 Final Weekend Details

With the release of the Premier League fixtures last week and last Wednesday seeing the EFL following suit, the full details for the final weekends across...

30 Minute Halves - No Rebounds On Penalties?

The International Football Association Board are investigating a variety of rule book changes when it comes to the future of football.

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Write for Vital Cardiff
Write For Vital Cardiff
Apply Here

Current Poll (see more polls)

Huddersfield MotM
Suggested By:
Murphy0%
Peltier10%
Connolly0%
Morrison0%
Richards40%
Gunnarsson10%
Ralls0%
Bennett0%
Pilkington0%
Zohore20%
Hoilett0%
Sub-Whittingham10%
Sub-M Harris0%
Sub-Lambert10%
ScoopDragon Publishing Entire League Network of Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)

Write for Vital Football