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Cardiff City FC
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Bluebirds reveal big losses
12 May 2009 - 12:19:37
Cardiff City have announced losses of more than £1million for the latest financial year.
The Bluebirds, who missed out on the play-offs on a dramatic final day of the Championship season, made a loss of £1.05million for the year up to 31 May 2008.
The loss comes despite the Welsh club reaching last season's FA Cup Final, while they also received £5.5million in player sales during the period.
Meanwhile, Cardiff have agreed a fee to sign goalkeeper David Marshall from Norwich City.
Chairman Peter Ridsdale has confirmed that a "six-figure fee" has been agreed between the two clubs for the former Celtic keeper.
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