CCFC accounts

[dembethewarrior]

Re: CCFC accounts

I haven't looked into the accounts much but a £29 million loss is crazy! If we had 25 players on £22k a week that's £29 million.

Obviously there are loads of other expenses but my figures above assumes an income of zero. What the hell is going on?!

Football is going on.

You seem surprised.

[Canton Kev]

Re: CCFC accounts

I somehow missed this thread previously and now it’s 6 pages deep. What’s the gist of things? Are we losing money at a concerning rate or in line with most Championship clubs? Any interesting things that stick out; wages, money for the Sala transfer, debts, etc.
Thanks.

[Rjk]

Re: CCFC accounts

I somehow missed this thread previously and now it’s 6 pages deep. What’s the gist of things? Are we losing money at a concerning rate or in line with most Championship clubs? Any interesting things that stick out; wages, money for the Sala transfer, debts, etc.
Thanks.

Yes

[Rjk]

Re: CCFC accounts

I somehow missed this thread previously and now it’s 6 pages deep. What’s the gist of things? Are we losing money at a concerning rate or in line with most Championship clubs? Any interesting things that stick out; wages, money for the Sala transfer, debts, etc.
Thanks.

Income is down massively, as this covers our first season without parachute payments - which left a £35m hole in the accounts
If I'm reading it right, player wages are down a bit - 22 million down from 26 million, and will presumably be a bit lower again next time around.

some things i don't understand - on page 17 we have income down to 19m from 55m (predominately due to parachute payments) and

cost of sales down to 29m from 36m - is that player wages + other related costs?

then there's also administrative expenses at 19m down from 30m - any idea what that relates to anyone?


I

[SLUDGE FACTORY]

Re: CCFC accounts

Yes

Both ?

[PontBlue]

Re: CCFC accounts

I somehow missed this thread previously and now it’s 6 pages deep. What’s the gist of things? Are we losing money at a concerning rate or in line with most Championship clubs? Any interesting things that stick out; wages, money for the Sala transfer, debts, etc.
Thanks.

You can skip most of it as it's the usual suspects ruining a thread

[Canton Kev]

Re: CCFC accounts

You can skip most of it as it's the usual suspects ruining a thread

That was my concern. I didn’t want to read the whole thing and find people ruining the daily shit slinging posts by including some interesting and enlightening information about our club :hehe:

[Rjk]

Re: CCFC accounts

https://swissramble.substack.com/p/cardiff-city-finances-202122

swiss ramble analysis of the most recent accounts

[A Quiet Monkfish]

Re: CCFC accounts

https://swissramble.substack.com/p/c...inances-202122

swiss ramble analysis of the most recent accounts

Just confirms what a financial mess the top 2 divisions are in - losses piled upon losses, with clever accountancy keeping clubs within the rules..

[Rjk]

Re: CCFC accounts

https://swissramble.substack.com/p/c...inances-202122

swiss ramble analysis of the most recent accounts

didn't realise that his posts are behind a paywall now, which is a shame. can't blame him though really

[NYCBlue]

Re: CCFC accounts

Is American football , baseball hit by scandal of dodgy owners ?

Ridsdale and Hammam were dodgy

Tan has made some utterly ridiculous decisions but that's a bit different

Major League Baseball and National Football League teams are franchises that have to operate within league rules. NFL teams are subject to a salary cap and a 53 man roster of active players. MLB has a "luxury tax" to prevent teams from overspending. New NFL owners have to be approved by the owners of the other 31 teams and teams are not allowed to be owned by consortiums.

However, everyone involved is extremely wealthy and the extremely wealthy are known to do dodgy deals. It's how most of them become extremely wealthy in the first place.

[jon1959]

Re: CCFC accounts

https://footballeconomyv2.blogspot.com/2023/03/big-losses-at-cardiff.html

[Rjk]

Re: CCFC accounts

Major League Baseball and National Football League teams are franchises that have to operate within league rules. NFL teams are subject to a salary cap and a 53 man roster of active players. MLB has a "luxury tax" to prevent teams from overspending. New NFL owners have to be approved by the owners of the other 31 teams and teams are not allowed to be owned by consortiums.

However, everyone involved is extremely wealthy and the extremely wealthy are known to do dodgy deals. It's how most of them become extremely wealthy in the first place.

Many years ago, someone told me, or I read somewhere, that the New York Yankees were paying more in fines for breaking the salary cap rules than some teams total wage bills - is that right?

[NYCBlue]

Re: CCFC accounts

Many years ago, someone told me, or I read somewhere, that the New York Yankees were paying more in fines for breaking the salary cap rules than some teams total wage bills - is that right?

I haven't heard that. They are consistently one of the highest paid teams, but this season they're not paying much more than a handful of other teams. The New York Mets have by far the biggest payroll. Over $330M. The Yankees are second at $268M.

[LA Bluebird]

Re: CCFC accounts

There is a luxury tax in baseball which I assume is what was being talked about, and historically the Yankees have been one of the biggest spenders. No formal salary cap though unlike the NBA which has a formal salary cap which can be exceeded in certain circumstances again with a tax on top.

It is definitely also common that some teams luxury tax bills have been larger than other teams entire payrolls. The Mets are paying more in luxury tax this year than 8 teams - over $100m. The lowest payroll in the league is $42m, so it’s a wild system for a league that follows the franchise model.