' More Cuts at Cardiff City '

Can't see anything wrong with this, personally. Has to be done.

I totally agree

Its just sad how things have turned out.

They'll all be back, and more, next season when we are back in the Prem

True, True. can't wait for prem return.

Can't see anything wrong with this, personally. Has to be done.

I totally agree

Its just sad how things have turned out.

They'll all be back, and more, next season when we are back in the Prem

We need those fans now, not just for glory games

It's a pity the club does not feel the same way.

Not missed it and certainly not all the off field crap

As I said in another post earlier, this time last season our club was spending almost Twice its annual turnover on players wages alone,,,,that's was gross ludicrous business planning,,,,& now we are paying the costs of it, & I believe will continue to do so for many years to come.

What are you basing that claim on?

There have been no figures published for this time last season( I.e August 2014 ). The most recent ones are for the Premier League season to 31 May 2014 when the club made a loss of £12 m and had a total wage bill of nowhere near one times it's turnover let alone twice it.

I don't think the club has ever spent almost twice it's annual turnover on players ' wages or even close to that .

Perhaps you could direct readers to the figures you are referring to?

I already have. Check the above link from the guardian.

These cuts don't really add up when you consider the wages involved. Match day staff can't be paid as much in total as one of the first team squad. It seems that the innocent employees, who have no control over the on-field success are the first to lose their modestly paid jobs.

The real savings have to be made at board level or by shedding players to make any serious dent in the shortfall.

Just saying.

As I said in another post earlier, this time last season our club was spending almost Twice its annual turnover on players wages alone,,,,that's was gross ludicrous business planning,,,,& now we are paying the costs of it, & I believe will continue to do so for many years to come.

What are you basing that claim on?

There have been no figures published for this time last season( I.e August 2014 ). The most recent ones are for the Premier League season to 31 May 2014 when the club made a loss of £12 m and had a total wage bill of nowhere near one times it's turnover let alone twice it.

I don't think the club has ever spent almost twice it's annual turnover on players ' wages or even close to that .

Perhaps you could direct readers to the figures you are referring to?

I already have. Check the above link from the guardian.

I can't see any link above to the Guardian.Could you provide it here.

The fact remains however that "this time last year" from which I assume you mean season 2013/14 the clubs wage bill was nowhere near its turnover of £80m+ let alone nearly twice that amount as you claim. There have been seasons before that when the total wage bill (players plus the rest of the 100+ employees) has been slightly more than 100% of turnover but never anything like nearly double it

As I said in another post earlier, this time last season our club was spending almost Twice its annual turnover on players wages alone,,,,that's was gross ludicrous business planning,,,,& now we are paying the costs of it, & I believe will continue to do so for many years to come.

What are you basing that claim on?

There have been no figures published for this time last season( I.e August 2014 ). The most recent ones are for the Premier League season to 31 May 2014 when the club made a loss of £12 m and had a total wage bill of nowhere near one times it's turnover let alone twice it.

I don't think the club has ever spent almost twice it's annual turnover on players ' wages or even close to that .

Perhaps you could direct readers to the figures you are referring to?

http://www.theguardian.com/news/datablo ... -wage-bill

there in here Keith, all be it our 2012/13 promotion winning season, both us & Bristol City wage to turnover ratio was 190 %, the highest in the Championship that season,,,,according to this article anyway.

It will be Interesting to see what that ratio was during our Premiership season (2013/14), & the start of last season (2014/15),,,before Slade took over???

I already have. Check the above link from the guardian.

I can't see any link above to the Guardian.Could you provide it here.

The fact remains however that "this time last year" from which I assume you mean season 2013/14 the clubs wage bill was nowhere near its turnover of £80m+ let alone nearly twice that amount as you claim. There have been seasons before that when the total wage bill (players plus the rest of the 100+ employees) has been slightly more than 100% of turnover but never anything like nearly double it

As I said in another post earlier, this time last season our club was spending almost Twice its annual turnover on players wages alone,,,,that's was gross ludicrous business planning,,,,& now we are paying the costs of it, & I believe will continue to do so for many years to come.

What are you basing that claim on?

There have been no figures published for this time last season( I.e August 2014 ). The most recent ones are for the Premier League season to 31 May 2014 when the club made a loss of £12 m and had a total wage bill of nowhere near one times it's turnover let alone twice it.

I don't think the club has ever spent almost twice it's annual turnover on players ' wages or even close to that .

Perhaps you could direct readers to the figures you are referring to?

http://www.theguardian.com/news/datablo ... -wage-bill

there in here Keith, all be it our 2012/13 promotion winning season, both us & Bristol City wage to turnover ratio was 190 %, the highest in the Championship that season,,,,according to this article anyway.

It will be Interesting to see what that ratio was during our Premiership season (2013/14), & the start of last season (2014/15),,,before Slade took over???

I already have. Check the above link from the guardian.

I can't see any link above to the Guardian.Could you provide it here.

The fact remains however that "this time last year" from which I assume you mean season 2013/14 the clubs wage bill was nowhere near its turnover of £80m+ let alone nearly twice that amount as you claim. There have been seasons before that when the total wage bill (players plus the rest of the 100+ employees) has been slightly more than 100% of turnover but never anything like nearly double it

Thanks for the link Rick.

I am abroad at the moment and don't have ready access to my copy of the accounts for that year. From memory though the CCFC ones included about £8m of exceptional wage costs by way of promotion bonuses so the true wage to income ratio would have been considerably lower (but still far too high). Didn't Bristol City also get promoted that year , so there would have been bonuses in their figures as well.

Thanks Keith. The saying "cutting our cloth" certainly springs to mind, & I guess the relevant point to all this is that the way the financial side of things have been managed over the last few seasons at our club were simply not sustainable, hence where we are now.

This season, with such a short fall in season ticket sales, turnover will be reduced even further. Success on the pitch is what is needed now in order to pull in the crowds, but success at what cost?

AFC Bournemouth, & a few other football club examples are, in my opinion, the key.

Thanks Keith. The saying "cutting our cloth" certainly springs to mind, & I guess the relevant point to all this is that the way the financial side of things have been managed over the last few seasons at our club were simply not sustainable, hence where we are now.

This season, with such a short fall in season ticket sales, turnover will be reduced even further. Success on the pitch is what is needed now in order to pull in the crowds, but success at what cost?

AFC Bournemouth, & a few other football club examples are, in my opinion, the key.

I agree.There are many clubs among those I have worked with over the years that don't manage their financial affairs well and several have either entered some form of formal insolvency process such as Administration or gone very close to it.

I agree entirely with the more recent policy of greater financial prudence but it greatly annoys me that nearly all of it is down to previous mismanagement of player transfer fees and wages. Responsibility for this is at director and owner level as it is they who sign player contracts and authorise the payments out of the bank account. Yet they make no admission of this , preferring to blame previous football managers ( who were culpable but certainly not responsible for the waste.) These mistakes are largely down to having no-one with football expertise at board or owner level (we still don't).

Also the club wastes £12m on the vanity project of the Ninian Stand extension the cost of which has now had to be written off in the books and which now stands empty as a "red elephant" plus a further couple of £m on a training ground plan that wasn't needed or properly costed.

My major financial concern still remains however the fact that Vincent Tan has shown himself to not be a man to honour his word by not converting all his loans into shares and making the club solvent ( for this not experienced in such matters they are told by the club that it doesn't matter if it is debt or equity but it makes a huge difference and the directors are too weak and subservient to the owner to carry out their fiduciary duties to follow up on this offer - clearly made and recorded on film two years ago ) If the club were to fail financially the UK based directors will be held legally liable while those with non-UK passports will be able be hide behind the law in those juristictions.

The clubs entire financial problems can be sorted by one mans ticking to his word if he is a man of honour or will continue for any years to come if he is not.