F.A. Cup Final, £5M+ in player sale but Cardiff City still make £1M loss

Cardiff City made a loss of £1.05m for the year up to 31 May, 2008, according to their latest accounts despite last season's Wembley exploits, £5.5M in transfer income and turnover increasing by 20% in £12.7M.


Another mitigating factor was Peter Ridsdale reducing his own "pay" from £1M in the previous year to £325k to the year ending May'08 but eyebrows will be raised at wages apparently exceeding turnover at £13M. As others have observed, it hardly sounds like a club operating on the shoestring budget and with the prudence they like to tell us about.

TAKEOVER TIME AT CARDIFF CITY???

While midweek speculation that the appearance of Mssrs Ridsdale and Jones at Barcelona v Manchester United had a lot ot do with early talks about a possible sale of Manchester United, the gossip has now turned full circle with speculation that Football's Mr Fixit, Keith Harris, was there as was Paul Guy to introduced the City figureheads to a potential Middle East billionaire looking to invest in a football club.

The club have not denied this, see the links below, but do say it was a preliminary chat with the hope that further discussion may take place.

Without question, Cardiff City need new investment to move ahead. Peter Ridsdale is on record for wantign to leave the club when the new stadium is built, Paul Guy's interests are only in the stadium development and Steve Borley is a fan living the dream as a Director but without the means to drive it forward too.

With the club never higher profile than now, record season ticket sales and a new stadium emerging fast, there is no better time for all change than now. Expect more rumours over the coming weeks and months.

Cardiff in talks over foreign investmentic Wales

Bluebirds court new cash backersBBC News

Ridsdale would welcome fundingYahoo!