Cardiff suffer loss of over 1m

Published : 12 May 2009 06:50:17

Cardiff City made a loss of £1.05m for the year up to 31 May, 2008, according to their latest accounts. That loss comes despite reaching last season's FA Cup final and the figure would have been worse had the club not received £5.5m in transfers that year. Chairman Peter Ridsdale notes in the report that reaching Wembley resulted in the club's turnover increasing by 20% to £12.7m. But attendances at Ninian Park were down by 8%. The accounts also reveal that Ridsdale took a pay cut a.... read more