Club lost £12m in Premier League season
27 February ~ Cardiff City’s newly released accounts show that they are now in £174 million of debt, after losing around £12m during their Premier League season. The accounts, for the year ending May 2014, show that despite earning £64m from broadcast payments for their season in the top flight, they still managed to lose nearly £1m a month and the debts are now £81m higher than the total value of their stadium and other assets. The majority of the money is owed to Vincent Tan, who has previously stated his intention is to turn debt in equity. However, chairman Mehmet Dalman has suggested he wouldn’t recommend that course to Tan at the moment. Wales Online have a full breakdown of Cardiff City’s accounts here.