Cardiff City's Latest Accounts: Trust Chair Gives His Analysis.

[the other bob wilson]

Swiss Ramble's take on City's latest accounts;-

https://mobile.twitter.com/SwissRamb...47425607991298

[Rjk]

Swiss Ramble's take on City's latest accounts;-

https://mobile.twitter.com/SwissRamb...47425607991298

Thanks, I always like the additional context he gives vs the other clubs in the league, it at least makes me feel like I understand what's going on.

A couple of things stood out to me:

1 - how reliant we are on Vincent Tan
2 - how most championship clubs seem to lose a lot of money
3 - the money from the premier league and parachute payments has been largely squandered, and things will be tight next season.

4 - we would have broken even this season if it wasn't for covid
5 - how little money we have made over the years from player sales

[jon1959]

Swiss Ramble's take on City's latest accounts;-

https://mobile.twitter.com/SwissRamb...47425607991298

Always interesting commentary. The context comments are most useful to me:

Although #CardiffCity £12m loss is clearly not great, it was around mid-table in the Championship with many clubs reporting much larger losses in 2019/20, including Stoke City £88m, #LUFC £62m (large promotion bonus), Reading £42m, #Boro £36m and WBA £23m.

It is also worth noting that some clubs’ figures have been boosted by the sale of stadiums, especially #DCFC £40m and #SWFC £38m, so their underlying profitability was even worse than reported.

[Ninian1962]

Always interesting commentary. The context comments are most useful to me:

Although #CardiffCity £12m loss is clearly not great, it was around mid-table in the Championship with many clubs reporting much larger losses in 2019/20, including Stoke City £88m, #LUFC £62m (large promotion bonus), Reading £42m, #Boro £36m and WBA £23m.

It is also worth noting that some clubs’ figures have been boosted by the sale of stadiums, especially #DCFC £40m and #SWFC £38m, so their underlying profitability was even worse than reported.

Swiss Ramble always does a very good analysis and comparison with other clubs in the Championship for the season being reviewed.

As you say the profits for Derby and Sheffield Wednesday are artificially boosted by a (dubious?) sale of their stadia.

Of the remaining few clubs that reported a profit , Swansea benefitted from the fact that their accounts year end is July. Therefore they had the complete season`s income in their turnover figure while as we lost about £11m from our financial year end finishing before the season finished - which will benefit us in financial year 2020/21 though.
I haven`t looked at what year end the other clubs reporting slightly better figures than us have but it may be that some of them benefit in the same way as Swansea.