So Cardiff make a 4 Million Profit

For the last financial year

We only made a profit because of Tan's £13m write off of debt last year.

Otherwise it would have been a £9m loss, mainly due to the sharp drop in premier league revenue (Revenue down by £40m) and wages only reducing by £10m.

We only made a profit because of Tan's £13m write off of debt last year.

Otherwise it would have been a £9m loss, mainly due to the sharp drop in premier league revenue (Revenue down by £40m) and wages only reducing by £10m.

Won't suit some, but that puts Tan's financial intervention into perspective!

Some will argue that he 'created' much of the problem and that is probably the case. However, if we are prepared to accept that much of that was due to pre-existing debt, some overly ambitious spending under two former managers and the continuation of certain much-publicised (and non-publicised) legal wrangles, then if (as appears) Tan is now running the club on a sounder financial footing, I believe we are now at the start of a brighter future on and off the pitch!

We only made a profit because of Tan's £13m write off of debt last year.

Otherwise it would have been a £9m loss, mainly due to the sharp drop in premier league revenue (Revenue down by £40m) and wages only reducing by £10m.

Won't suit some, but that puts Tan's financial intervention into perspective!

Some will argue that he 'created' much of the problem and that is probably the case. However, if we are prepared to accept that much of that was due to pre-existing debt, some overly ambitious spending under two former managers and the continuation of certain much-publicised (and non-publicised) legal wrangles, then if (as appears) Tan is now running the club on a sounder financial footing, I believe we are now at the start of a brighter future on and off the pitch!

The financial improvement to the profit and loss figures by the "Vincent Tan effect" was actually double that referred to by Taff Embankment.
As well as the £13m debt write off , there was a further accounting adjustment to the value of loans due to VT of £13.4m. Without these two figures , the reported loss would have been £22m

Cooking the books to escape any future financial fair play penalties, or is Tan just a generous guy who likes to write off millions.

Cooking the books to escape any future financial fair play penalties, or is Tan just a generous guy who likes to write off millions.

if you don't want to be accused of being anti-club, in-keeping with the Tan luv in on here, it's the latter