' Chairman and chief exec - tight financial constraints? '

Chairman and chief exec - tight financial constraints?


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NEIL HARRIS:

"I was aware, when i came here, the finances were not available and I wasn’t going to be able to spend millions in January."

"I think realistically we have cut the squad and rebuild before the end of the season. It’s looking at rebuilding the group and going again next season."

"They want to bring down the average age of the squad and give opportunities to the young lads coming through. I want to win and be in the top six. The club has had some nice success over the last seven or eight years."

"I want to push the top end of the Championship to get back into the Premier League. It’s about on the pitch and on the pitch, building for the future. Our fans want to see XI homegrown players. Trying to get players to come through and show the passion like the other night."

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Bodies out in the summer?

NEIL HARRIS:

Not got that far yet. Just getting overJanuary. I was really happy with the squad.

I was really happy with the squad before Friday and really happy now.

Form is temporary and class is permanent.

Getting the best on individuals.

Come the summer there will be a turnover for players, I’m sure, as there is with every club

Harris

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Will we spend money in the summer?

NEIL HARRIS:

"That’ll be down to the board in the summer but I will put my requirements for the summer in April to see where we are at."

Harris

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If the club are now in tight financial constraints,it just weren’t for this January transfer I can see it going on for a while,and to be honest it’s about time,how many millions have we lost on players that were well past their prime?,or just basically shit when played

What tight financial constraints?? Where’s all the money gone from promotion, finishing place, tv coverage and parachute payment..... yes I accept wage bill and bonuses etc but it’s not as high as the income.... I know we’re in debt etc etc and there is other infrastructure the club are looking into with the training ground but c’mon that’s crap.

Also just cancelling contracts and letting players go is piss poor business, at least get something back for the player even if it is a few hundred thousand/ couple of mill... better than the kick in the teeth we got for letting Madine and Pelts go

BACK TRACKING RUBBISH!!! when he came he said he was aiming for PLAYOFFS!!!

NOT ‘we go again next season’.

BACK TRACKING on the objective.

UNINSPIRING GUFF from Harris!!!

viewtopic.php?f=2&t=212844

Cheap option

What tight financial constraints?? Where’s all the money gone from promotion, finishing place, tv coverage and parachute payment..... yes I accept wage bill and bonuses etc but it’s not as high as the income.... I know we’re in debt etc etc and there is other infrastructure the club are looking into with the training ground but c’mon that’s crap.

Also just cancelling contracts and letting players go is piss poor business, at least get something back for the player even if it is a few hundred thousand/ couple of mill... better than the kick in the teeth we got for letting Madine and Pelts go

Totally agree. We may have a large debt but as its chiefly owed to Tan there are no outside creditors chasing us for money. For that I am grateful to Tan. But the income we earned last year and will earn in next two years will make us one of the few profitable clubs in the EFL as we didn't sign any mega earners when we went up and are guaranteed 80 million even if no one turns up to a game. I am fed up of the crap coming out of the club. They should be honest and say Tan would like some of his money back and I may have a bit more respect for them.

Surely when you take over after being RECRUITED by your employers then you must have impressed and sold them your short/long term aims and vision. Everything NH says contradicts previous statements and he keeps on doing it.
Going for play offs...let's regroup for next season
Let's get homegrown youngsters in the first team. Signs a 32 year old
I want to stay positive but so difficult

Russell Slade NO2 end off

Agree but so hard to stomach. Honesty best policy. 3weekscoutvof work after Millwall and he was the best candidate? Doesn't sit right

Think they’re trying to build a team like Brentford and Sheffield Utd have. Too much money wasted already.

Something is seriously wrong at the club,going forwards or backwards, competing for play offs or not,now it's like....put everything on hold until next season and spin some more bull.

I'd love to see us clear the decks and bring in a load of young players in the summer. We could keep a good experienced spine to the squad but with some much needed youth and energy.

But is Harris the right man to make it happen?

Slade number 2 is spot on,absolutely no difference between the two,neither ever have or ever will be winners.

Concentrate on the youth and let's start creating talent instead of buying mediocre crap

I'd love to see us clear the decks and bring in a load of young players in the summer. We could keep a good experienced spine to the squad but with some much needed youth and energy.

But is Harris the right man to make it happen?

my thoughts exactly and ide take that chance on harris to build a team around some young talent

What tight financial constraints?? Where’s all the money gone from promotion, finishing place, tv coverage and parachute payment..... yes I accept wage bill and bonuses etc but it’s not as high as the income.... I know we’re in debt etc etc and there is other infrastructure the club are looking into with the training ground but c’mon that’s crap.

Also just cancelling contracts and letting players go is piss poor business, at least get something back for the player even if it is a few hundred thousand/ couple of mill... better than the kick in the teeth we got for letting Madine and Pelts go

Before we even kicked a ball we borrowed 35 million for players and a 28 million pound bank loan for cash flow in may 2018 ,add on top of that the 38 million pound lose in the promotion season that's where the money's gone

What tight financial constraints?? Where’s all the money gone from promotion, finishing place, tv coverage and parachute payment..... yes I accept wage bill and bonuses etc but it’s not as high as the income.... I know we’re in debt etc etc and there is other infrastructure the club are looking into with the training ground but c’mon that’s crap.

Also just cancelling contracts and letting players go is piss poor business, at least get something back for the player even if it is a few hundred thousand/ couple of mill... better than the kick in the teeth we got for letting Madine and Pelts go

Before we even kicked a ball we borrowed 35 million for players and a 28 million pound bank loan for cash flow in may 2018 ,add on top of that the 38 million pound lose in the promotion season that's where the money's gone

Umm promotion was £100mill, The Bluebirds' exact final figure is £102,704,107 from Premier league (Broadcast, finishing position and commercial revenue found with a quick google search) then we get 55% of that as parachute payment for dropping back down.

That’s well over £260mil...

In promotion Cardiff spent £34mil in bonuses and operating costs out of £34.8mil....

We didn’t over spend on player like Fulham did so where has the rest of the money gone Wez???

Some fans live in cuckoo land asking where has the lineup gone.
Players signed, high wages, agents, all the staff at the club, financial cost of day to day running of club.
We also have a debt.. so we ha e to cut out cloth accordingly.
Just support the team .. that’s best we can do as fans

What tight financial constraints?? Where’s all the money gone from promotion, finishing place, tv coverage and parachute payment..... yes I accept wage bill and bonuses etc but it’s not as high as the income.... I know we’re in debt etc etc and there is other infrastructure the club are looking into with the training ground but c’mon that’s crap.

Also just cancelling contracts and letting players go is piss poor business, at least get something back for the player even if it is a few hundred thousand/ couple of mill... better than the kick in the teeth we got for letting Madine and Pelts go

Before we even kicked a ball we borrowed 35 million for players and a 28 million pound bank loan for cash flow in may 2018 ,add on top of that the 38 million pound lose in the promotion season that's where the money's gone

Umm promotion was £100mill, The Bluebirds' exact final figure is £102,704,107 from Premier league (Broadcast, finishing position and commercial revenue found with a quick google search) then we get 55% of that as parachute payment for dropping back down.

That’s well over £260mil...

In promotion Cardiff spent £34mil in bonuses and operating costs out of £34.8mil....

We didn’t over spend on player like Fulham did so where has the rest of the money gone Wez???

Read the last page of the 2018 accounts it's in there add the losses of the promotion season ,players bought ,loan for cash flow , wage bill would of been 50 to 60 million to add too ,added cost of insurances ,running costs in the premiership, our turn over will be around 130 to 140m last season there is no huge cash left over,

Some fans live in cuckoo land asking where has the lineup gone.
Players signed, high wages, agents, all the staff at the club, financial cost of day to day running of club.
We also have a debt.. so we ha e to cut out cloth accordingly.
Just support the team .. that’s best we can do as fans

Don’t live in cuckoo land and not stupid, there is absolutely no way our clubs overheads are over £100m a year...

What tight financial constraints?? Where’s all the money gone from promotion, finishing place, tv coverage and parachute payment..... yes I accept wage bill and bonuses etc but it’s not as high as the income.... I know we’re in debt etc etc and there is other infrastructure the club are looking into with the training ground but c’mon that’s crap.

Also just cancelling contracts and letting players go is piss poor business, at least get something back for the player even if it is a few hundred thousand/ couple of mill... better than the kick in the teeth we got for letting Madine and Pelts go

Before we even kicked a ball we borrowed 35 million for players and a 28 million pound bank loan for cash flow in may 2018 ,add on top of that the 38 million pound lose in the promotion season that's where the money's gone

Umm promotion was £100mill, The Bluebirds' exact final figure is £102,704,107 from Premier league (Broadcast, finishing position and commercial revenue found with a quick google search) then we get 55% of that as parachute payment for dropping back down.

That’s well over £260mil...

In promotion Cardiff spent £34mil in bonuses and operating costs out of £34.8mil....

We didn’t over spend on player like Fulham did so where has the rest of the money gone Wez???

Also parachute payments are only 35m this season probably wont cover the wage bill ,they changed it to 2 payments where have you got your 260million pound figure from ?

Look at a club like Leicester City, for many years we went toe to toe with them to get to the PL, now look at both clubs, we are light years apart. They have brilliant ambitious wealthy owners that want the club to prosper and flourish. They’ve won the PL, their having another go now to secure Champions League football next season. They recruit top managers, top players, they play to full houses, their owners have bought into the culture of the City, and now their spending £150 million pounds on a new state of the art training ground.
All we do is skimp and look for the cheapest options. We have owners who x are delighted with mediocrity. They have never bought into the way of life in the area. They are happy to just survive in the Championship in front of 18,000 or so spectators. And they constantly bleat that we are broke. Please please sell up and get out of our club. With these owners we will never proper. Clubs such as Brentford are steaming ahead of us. Look how Sheffield Utd have done in their first year of PL football with a bit of investment and ambition. Look at Wolves. All similar size clubs

Some fans live in cuckoo land asking where has the lineup gone.
Players signed, high wages, agents, all the staff at the club, financial cost of day to day running of club.
We also have a debt.. so we ha e to cut out cloth accordingly.
Just support the team .. that’s best we can do as fans

Don’t live in cuckoo land and not stupid, there is absolutely no way our clubs overheads are over £100m a year...

50- 60m wage bill for last season ,28 million loan ,35m of players transfer s add 38 million loss of 2018 ,I dont think you have read the accounts read the last page of the 2018 accounts it's well over 100 million ,I'm not having a dig at you but you need to realise how much going up costs ,fans got to realise that there isn't loads of cash left if you go up for one season

What tight financial constraints?? Where’s all the money gone from promotion, finishing place, tv coverage and parachute payment..... yes I accept wage bill and bonuses etc but it’s not as high as the income.... I know we’re in debt etc etc and there is other infrastructure the club are looking into with the training ground but c’mon that’s crap.

Also just cancelling contracts and letting players go is piss poor business, at least get something back for the player even if it is a few hundred thousand/ couple of mill... better than the kick in the teeth we got for letting Madine and Pelts go

Before we even kicked a ball we borrowed 35 million for players and a 28 million pound bank loan for cash flow in may 2018 ,add on top of that the 38 million pound lose in the promotion season that's where the money's gone

Umm promotion was £100mill, The Bluebirds' exact final figure is £102,704,107 from Premier league (Broadcast, finishing position and commercial revenue found with a quick google search) then we get 55% of that as parachute payment for dropping back down.

That’s well over £260mil...

In promotion Cardiff spent £34mil in bonuses and operating costs out of £34.8mil....

We didn’t over spend on player like Fulham did so where has the rest of the money gone Wez???

Read the last page of the 2018 accounts it's in there add the losses of the promotion season ,players bought ,loan for cash flow , wage bill would of been 50 to 60 million to add too ,added cost of insurances ,running costs in the premiership, our turn over will be around 130 to 140m last season there is no huge cash left over,

We went from 79 million in liabilities to 139 million without kicking a ball in may 2018 I think its page 35 of the accounts

It’s all in the media reports Wez

https://www.walesonline.co.uk/sport/football/football-news/how-much-cardiff-city-actually-16241896


How much will Cardiff have earned this season?

A spell in the top flight will earn Cardiff north of £100million in broadcasting revenues this season, thanks to the lucrative nature of Premier League broadcasting rights.

West Bromwich Albion, for example, were awarded £102million in "media related income" last season for their 18th-place finish.

This season's income, for Cardiff City, will be a huge increase on last season, when the club earned £21.4million from centralised broadcasting and commercial distributions.

In winning promotion to the Premier League, Cardiff were among the most profligate clubs in the division, racking up an operating loss of £34million on revenues of £34.8million, although this figure included £23.2million worth of promotion bonuses.

How do the parachute payments work and how much will Cardiff get?

The payments are calculated based on the TV and prize money from the season in which the club are relegated: with 55 per cent of that figure handed out in the first year in the Championship, before falling to 45 per cent and 20 per cent in years two and three respectively.

However, a sticking point for Cardiff is that clubs which only spend single seasons in the Premier League before relegation are not eligible to receive the third instalment. Clubs that are promoted back to the Premier League during the parachute payment period, then they no longer receive the payments.

But, based on that formula, Cardiff can expect to receive more than £40million in parachute payments next season, which will help in cushioning the blow of relegation.

Then, should Cardiff fail to win promotion in 2019/20, the second and final parachute payment would be in the region of £35million.

Cardiff can take the case of Middlesbrough for how their finances should look next season.

Relegated in 2016/17, the club saw broadcasting revenues plummet, from £100.6million in their relegation season to £46.3million last time out.

Some fans live in cuckoo land asking where has the lineup gone.
Players signed, high wages, agents, all the staff at the club, financial cost of day to day running of club.
We also have a debt.. so we ha e to cut out cloth accordingly.
Just support the team .. that’s best we can do as fans

Don’t live in cuckoo land and not stupid, there is absolutely no way our clubs overheads are over £100m a year...

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It’s all in the media reports Wez

https://www.walesonline.co.uk/sport/football/football-news/how-much-cardiff-city-actually-16241896

I was wrong we lost 34 million pound not 38

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