UK time is: 03:19:58
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

Vital Report: Cardiff 2 Reading 1 (Saturday November 22 2014)

Stats: Cardiff v Reading (Friday November 21 2014)

Vital Preview: Cardiff v Reading (Friday November 21 2014)

Alfie Will Come Good (Friday November 21 2014)

Slade Expecting Tough Reading Clash (Thursday November 20 2014)

Mackay Returns (Thursday November 20 2014)

Pilkington Opens Irish Account (Wednesday November 19 2014)

Final Day Fixtures Set (Tuesday November 18 2014)

Make Or Break For Morrison (Sunday November 16 2014)

Vital Report: Birmingham 0 Cardiff 0 (Monday November 10 2014)

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)

1. Garrincha57 2
2. westonal 1
3. Dave Eade 1

League Results (view all)

Latest Results
Cardiff 1 - 0 Wigan
Cardiff 0 - 1 Middlesbrough
Brighton 1 - 1 Cardiff
Fulham 1 - 1 Cardiff
Bolton 3 - 0 Cardiff
Blackburn 1 - 1 Cardiff

League Table (view table)

Team P W D L GD Pts
9. Charlton 18 6 10 2 2 28
10. Norwich 18 7 6 5 6 27
11. Wolves 18 7 6 5 -3 27
12. Cardiff 18 7 5 6 1 26
13. Sheff Wed 18 4 10 4 -2 22
14. Huddersfield 18 5 6 7 -6 21
15. Reading 18 6 3 9 -6 21

Breaking League News

Wigan : 22/11/2014 23:31:00
Howe: Loan move could be an avenue for us
Bournemouth : 22/11/2014 22:22:00
Karanka satisfied with point
Middlesbrough : 22/11/2014 22:16:00
Howe: Rantie injury a huge blow
Bournemouth : 22/11/2014 22:15:00
Howe: Result didn't match the performance
Bournemouth : 22/11/2014 22:09:00

Current Site Poll (view all polls)

Reading MotM
Suggested By:  Bluebird
Marshall 0%
Connolly 0%
Morrison 0%
Turner 0%
Brayford 0%
Pilkington 0%
Gunnarsson 0%
Whittingham 0%
Noone 0%
Le Fondre 0%
Macheda 0%
Sub - Daehli 0%
Sub - Fabio 0%
Sub - Jones 0%