+ Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
For a start, we are £109m in debt. Maybe we shouldn't taken on more debt.
This is from the Trust's statement on the accounts in May:
Summary of results
The accounts show a net loss for the year, after tax and interest, of £11.2m compared to a loss of £12.3m in 2020. After an adjustment for deferred tax, the loss increased to £12.0m compared to the 2020 figure of £12.5m on a similar basis. As a result of this loss, the net liabilities in the balance sheet increased to £36.0m from the 2020 figure of £24.0m.
So we lose a million a month. We can lose £39m over 3 years to pass FFP. We are skint.
we had a team full ov very expensive players that weren't good enough to get promoted.
that was eating up our wage bill and we weren't making effective use out of it.
that gives us an "effective" budget of a lot smaller than most teams, as so much of it was tied up in unused players.
now we've cleared them off we have a similar budget to most of the bottom half teams in this division, but probably a couple of years of losses on the FFP calculations, so maybe another year or 2 of belt tightening and we can spend a bit more
I disagree.
Even based on those figures if we continued as we were we would have scraped in under the FFP financial levels.
We actively reduced the wage bill last year so we can expect the loss figure to be less. If not then questions need to be asked as to what we've lost it on because we've certainly weakened the squad and spent less on it.
There are plenty of things to have a go at Tan for. Not signing a £5m+ striker, that almost certainly wouldn't want to come here, that we definitely could not afford with FFP is not one of them. We have ZERO parachute payments this year. We had some last year, that is why we have reduced the wage bill this. The club are terribly, terribly run by a trio of halfwits but Jesus Christ.
Also did the FFP amounts for a 3 year rolling loss double last year?
Looks like he's going back to Denmark - to former club OB on a contract to the summer.
Bruno Manga off to ASM Belfort in the French 4th tier (League 2 or National League equivalent?) on a free after leaving Dijon. He's 34 now - which is still young for a Derby centre back!
Kiefer Moore aside. We are hours away from giving us a fighting chance of survival and weve brought in nobody while our rival have improved.
Hopefully theres good news in the pipeline.
Latest rumour is Sory Kaba, a forward from Midtjylland on loan